Creative Planning Has $2.82 Million Position in Federal Signal Co. (NYSE:FSS)

Creative Planning lifted its holdings in shares of Federal Signal Co. (NYSE:FSS) by 19.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,203 shares of the conglomerate’s stock after purchasing an additional 4,984 shares during the quarter. Creative Planning’s holdings in Federal Signal were worth $2,823,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in Federal Signal in the 2nd quarter valued at approximately $62,000. Covestor Ltd raised its position in Federal Signal by 223.6% in the 1st quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock valued at $76,000 after buying an additional 617 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Federal Signal in the 2nd quarter valued at approximately $84,000. GAMMA Investing LLC raised its position in Federal Signal by 60.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate’s stock valued at $89,000 after buying an additional 400 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Federal Signal by 30.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock valued at $94,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insiders Place Their Bets

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the transaction, the director now owns 57,417 shares of the company’s stock, valued at $5,339,206.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.10% of the company’s stock.

Federal Signal Stock Up 0.5 %

Shares of Federal Signal stock opened at $85.36 on Friday. The business’s 50 day simple moving average is $90.34 and its 200 day simple moving average is $88.61. Federal Signal Co. has a 52-week low of $57.05 and a 52-week high of $102.18. The firm has a market cap of $5.22 billion, a PE ratio of 25.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 2.89.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. The business had revenue of $490.40 million for the quarter, compared to analyst estimates of $487.74 million. During the same quarter last year, the firm earned $0.67 EPS. Federal Signal’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts predict that Federal Signal Co. will post 3.24 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Friday, November 15th. Federal Signal’s dividend payout ratio (DPR) is 14.59%.

Federal Signal Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.