AQR Capital Management LLC Grows Stock Position in Perimeter Solutions, SA (NYSE:PRM)

AQR Capital Management LLC boosted its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 752.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 636,144 shares of the company's stock after buying an additional 561,515 shares during the quarter. AQR Capital Management LLC owned approximately 0.44% of Perimeter Solutions worth $8,130,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Perimeter Solutions by 136.8% in the 4th quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock worth $104,944,000 after buying an additional 4,744,069 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Perimeter Solutions during the fourth quarter valued at approximately $41,780,000. JPMorgan Chase & Co. increased its position in Perimeter Solutions by 19.9% during the 4th quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock valued at $74,847,000 after buying an additional 971,623 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Perimeter Solutions by 10,103.3% in the fourth quarter. Bessemer Group Inc. now owns 923,811 shares of the company's stock valued at $11,806,000 after acquiring an additional 914,757 shares during the period. Finally, Catawba River Capital acquired a new stake in Perimeter Solutions during the 4th quarter worth $7,658,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, UBS Group raised shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective on the stock in a research report on Wednesday, March 26th.

Perimeter Solutions Stock Up 0.4%

NYSE PRM traded up $0.05 on Monday, reaching $11.67. The stock had a trading volume of 67,284 shares, compared to its average volume of 923,625. Perimeter Solutions, SA has a 1 year low of $7.00 and a 1 year high of $14.44. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -83.13 and a beta of 1.88. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average price of $9.86 and a 200 day moving average price of $11.63.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.12. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The business had revenue of $72.03 million for the quarter, compared to analyst estimates of $75.00 million. On average, analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Insider Activity

In related news, Director Vivek Raj sold 250,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the sale, the director now directly owns 471,226 shares of the company's stock, valued at $4,321,142.42. This trade represents a 34.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.70% of the company's stock.

Perimeter Solutions 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.