Creative Planning Acquires 4,984 Shares of Federal Signal Co. (NYSE:FSS)

Creative Planning lifted its holdings in shares of Federal Signal Co. (NYSE:FSS) by 19.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,203 shares of the conglomerate’s stock after acquiring an additional 4,984 shares during the quarter. Creative Planning’s holdings in Federal Signal were worth $2,823,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Federated Hermes Inc. boosted its stake in shares of Federal Signal by 0.6% during the 2nd quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after acquiring an additional 121 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Federal Signal by 4.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock worth $251,000 after acquiring an additional 130 shares during the period. Xponance Inc. boosted its stake in shares of Federal Signal by 4.9% during the 2nd quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock worth $319,000 after acquiring an additional 178 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Federal Signal by 2.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock worth $530,000 after acquiring an additional 180 shares during the period. Finally, CWM LLC boosted its stake in shares of Federal Signal by 23.1% during the 3rd quarter. CWM LLC now owns 1,171 shares of the conglomerate’s stock worth $109,000 after acquiring an additional 220 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Stock Performance

FSS opened at $85.36 on Friday. The business has a fifty day simple moving average of $90.34 and a 200 day simple moving average of $88.61. The company has a market capitalization of $5.22 billion, a PE ratio of 25.95 and a beta of 0.93. Federal Signal Co. has a 1 year low of $57.05 and a 1 year high of $102.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 1.35.

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

Federal Signal Announces Dividend

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

Insider Activity at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the business’s stock in a transaction on Friday, August 30th. The stock was 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 in the company, 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 SEC, which is available through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

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.