Cwm LLC Raises Position in Federal Signal Co. (NYSE:FSS)

Cwm LLC grew its position in shares of Federal Signal Co. (NYSE:FSS) by 23.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,171 shares of the conglomerate’s stock after acquiring an additional 220 shares during the period. Cwm LLC’s holdings in Federal Signal were worth $109,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC grew its stake in Federal Signal by 77.8% in the second quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock worth $37,298,000 after purchasing an additional 195,017 shares during the period. Driehaus Capital Management LLC grew its position in shares of Federal Signal by 20.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock worth $76,340,000 after buying an additional 153,765 shares during the period. PineStone Asset Management Inc. purchased a new stake in shares of Federal Signal in the 2nd quarter worth about $11,982,000. F M Investments LLC bought a new position in shares of Federal Signal in the 2nd quarter worth about $11,058,000. Finally, Vanguard Group Inc. lifted its position in Federal Signal by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock valued at $575,945,000 after acquiring an additional 106,899 shares during the period. Institutional investors own 92.73% of the company’s stock.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 57,417 shares in the company, valued at $5,339,206.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Federal Signal Price Performance

Shares of FSS opened at $85.34 on Friday. Federal Signal Co. has a fifty-two week low of $57.05 and a fifty-two week high of $102.18. The firm’s 50-day simple moving average is $90.34 and its two-hundred day simple moving average is $88.59. The stock has a market cap of $5.22 billion, a PE ratio of 25.94 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 posted 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 company had revenue of $490.40 million for 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. Analysts anticipate that Federal Signal Co. will post 3.24 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. Federal Signal’s dividend payout ratio is currently 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.