Perimeter Solutions, SA $PRM Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in Perimeter Solutions, SA (NYSE:PRM) by 453.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 128,804 shares of the company’s stock after buying an additional 105,545 shares during the period. Quantbot Technologies LP’s holdings in Perimeter Solutions were worth $1,297,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PRM. Pacer Advisors Inc. bought a new stake in shares of Perimeter Solutions during the 1st quarter valued at about $13,743,000. Raymond James Financial Inc. grew its position in shares of Perimeter Solutions by 364.0% during the 1st quarter. Raymond James Financial Inc. now owns 926,084 shares of the company’s stock valued at $9,326,000 after buying an additional 726,484 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Perimeter Solutions by 22.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company’s stock valued at $39,789,000 after buying an additional 579,987 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Perimeter Solutions by 752.4% during the 4th quarter. AQR Capital Management LLC now owns 636,144 shares of the company’s stock valued at $8,130,000 after buying an additional 561,515 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Perimeter Solutions during the 4th quarter valued at about $6,001,000. Institutional investors own 89.93% of the company’s stock.

Analyst Upgrades and Downgrades

PRM has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. UBS Group increased their price objective on shares of Perimeter Solutions from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, Wall Street Zen cut shares of Perimeter Solutions from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $18.50.

Perimeter Solutions Stock Up 4.2%

PRM stock opened at $19.48 on Friday. The company has a quick ratio of 2.60, a current ratio of 4.04 and a debt-to-equity ratio of 0.57. Perimeter Solutions, SA has a fifty-two week low of $8.76 and a fifty-two week high of $19.65. The firm’s 50-day simple moving average is $16.11 and its 200 day simple moving average is $12.61. The stock has a market cap of $2.85 billion, a PE ratio of 45.30 and a beta of 1.96.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11. Perimeter Solutions had a net margin of 13.05% and a negative return on equity of 1.11%. The business had revenue of $162.64 million for the quarter, compared to analysts’ expectations of $108.91 million. As a group, sell-side analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the stock in a transaction on Friday, June 27th. The shares were purchased at an average price of $13.98 per share, with a total value of $3,559,308.00. Following the purchase, the insider owned 21,854,600 shares in the company, valued at approximately $305,527,308. This represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.00% of the company’s stock.

Perimeter Solutions Company Profile

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.