Nuveen LLC Takes $3.52 Million Position in Perimeter Solutions, SA $PRM

Key Points

• Nuveen LLC has acquired 349,088 shares of Perimeter Solutions, SA, valued at approximately $3.5 million, making up about 0.23% of the company's stock as of the latest SEC filing.
• Perimeter Solutions reported earnings of $0.39 per share for the last quarter, significantly exceeding analysts' expectations of $0.28, with a revenue of $162.64 million compared to a forecast of $108.91 million.
• Several brokerage firms have updated their ratings on the stock, with UBS Group raising their target price to $20.00 and Morgan Stanley increasing it to $25.00, reflecting a consensus rating of "Buy" from analysts.

Nuveen LLC acquired a new stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 349,088 shares of the company's stock, valued at approximately $3,515,000. Nuveen LLC owned 0.23% of Perimeter Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Aigen Investment Management LP purchased a new stake in Perimeter Solutions during the first quarter valued at about $161,000. CenterBook Partners LP purchased a new stake in Perimeter Solutions during the first quarter valued at about $927,000. Deutsche Bank AG raised its position in Perimeter Solutions by 198.5% during the first quarter. Deutsche Bank AG now owns 355,796 shares of the company's stock valued at $3,583,000 after purchasing an additional 236,589 shares in the last quarter. Vanguard Group Inc. raised its position in Perimeter Solutions by 1.8% during the first quarter. Vanguard Group Inc. now owns 8,358,929 shares of the company's stock valued at $84,174,000 after purchasing an additional 147,336 shares in the last quarter. Finally, US Bancorp DE raised its position in Perimeter Solutions by 737.1% during the first quarter. US Bancorp DE now owns 23,890 shares of the company's stock valued at $241,000 after purchasing an additional 21,036 shares in the last quarter. Institutional investors own 89.93% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley lifted their price objective on Perimeter Solutions from $17.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, August 25th. Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, UBS Group lifted their price objective on Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $22.50.

Perimeter Solutions Stock Up 0.4%

PRM traded up $0.10 during trading on Tuesday, hitting $22.49. 1,428,258 shares of the company's stock traded hands, compared to its average volume of 1,329,769. The company's 50 day simple moving average is $17.31 and its two-hundred day simple moving average is $13.10. The company has a current ratio of 4.04, a quick ratio of 2.60 and a debt-to-equity ratio of 0.57. Perimeter Solutions, SA has a 12-month low of $8.76 and a 12-month high of $22.52. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 52.29 and a beta of 2.00.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.28 by $0.11. Perimeter Solutions had a negative return on equity of 1.11% and a net margin of 13.05%.The business had revenue of $162.64 million for the quarter, compared to the consensus estimate of $108.91 million. Analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the business's stock in a transaction on Friday, June 27th. The shares were acquired at an average cost of $13.98 per share, for a total transaction 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 trade represents a 1.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.