American Century Companies Inc. Takes Position in Federal Signal Co. (NYSE:FSS)

American Century Companies Inc. acquired a new position in Federal Signal Co. (NYSE:FSS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,593 shares of the conglomerate’s stock, valued at approximately $301,000.

Other large investors also recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in Federal Signal by 28.1% during the 4th quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after buying an additional 140 shares during the last quarter. GAMMA Investing LLC increased its position in Federal Signal by 34.6% during the first quarter. GAMMA Investing LLC now owns 662 shares of the conglomerate’s stock valued at $56,000 after acquiring an additional 170 shares during the last quarter. Covestor Ltd lifted its holdings in Federal Signal by 223.6% in the first quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock valued at $76,000 after acquiring an additional 617 shares during the period. Mather Group LLC. purchased a new position in Federal Signal in the first quarter worth about $85,000. Finally, Fifth Third Bancorp grew its stake in shares of Federal Signal by 30.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock valued at $94,000 after purchasing an additional 260 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the completion of the sale, the director now directly owns 57,417 shares of the company’s stock, valued at $5,339,206.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Federal Signal Price Performance

NYSE FSS opened at $90.70 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.89 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $5.55 billion, a P/E ratio of 30.64 and a beta of 0.93. The company has a 50-day moving average price of $91.79 and a 200-day moving average price of $87.95. Federal Signal Co. has a 52 week low of $57.05 and a 52 week high of $102.18.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.11. The business had revenue of $490.40 million for the quarter, compared to the consensus estimate of $487.74 million. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. Equities research analysts anticipate that Federal Signal Co. will post 3.24 earnings per share for the current year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, August 16th. Federal Signal’s payout ratio is 16.22%.

About Federal Signal

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.