Aigen Investment Management LP Invests $161,000 in Perimeter Solutions, SA $PRM

Key Points

• Aigen Investment Management LP acquired a new position in Perimeter Solutions, purchasing 15,983 shares valued at approximately $161,000 during the first quarter of the year.
• Recent analyst reports show varying ratings for Perimeter Solutions, with UBS Group raising the price target from $15.00 to $20.00, while Morgan Stanley decreased its target from $18.00 to $17.00.
• Insider trading activity includes a significant sale by Director Vivek Raj, who sold 100,000 shares for $1,178,000, reflecting a 37.18% decrease in their position.

Aigen Investment Management LP purchased a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,983 shares of the company's stock, valued at approximately $161,000.

A number of other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in shares of Perimeter Solutions by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 10,912,291 shares of the company's stock worth $109,887,000 after purchasing an additional 218,002 shares during the period. Vanguard Group Inc. lifted its stake in shares of Perimeter Solutions by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 8,358,929 shares of the company's stock worth $84,174,000 after purchasing an additional 147,336 shares during the period. Dimensional Fund Advisors LP lifted its stake 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 worth $39,789,000 after purchasing an additional 579,987 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Perimeter Solutions by 12.1% during the 4th quarter. Janus Henderson Group PLC now owns 3,025,390 shares of the company's stock worth $38,664,000 after purchasing an additional 327,210 shares during the period. Finally, Equitable Trust Co. lifted its stake in shares of Perimeter Solutions by 16.5% during the 1st quarter. Equitable Trust Co. now owns 2,137,121 shares of the company's stock worth $21,521,000 after purchasing an additional 302,774 shares during the period. Hedge funds and other institutional investors own 89.93% of the company's stock.

Perimeter Solutions Stock Down 0.4%

NYSE PRM traded down $0.0830 during trading hours on Tuesday, hitting $18.5670. The company had a trading volume of 923,678 shares, compared to its average volume of 1,151,530. Perimeter Solutions, SA has a fifty-two week low of $8.76 and a fifty-two week high of $18.77. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 43.18 and a beta of 1.96. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.04 and a quick ratio of 2.60. The firm's 50 day moving average is $15.68 and its 200 day moving average is $12.43.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (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 firm had revenue of $162.64 million during the quarter, compared to the consensus estimate of $108.91 million. Sell-side analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 32,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $11.70, for a total value of $374,400.00. Following the completion of the transaction, the director directly owned 68,132 shares of the company's stock, valued at $797,144.40. This represents a 31.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of the firm's stock in a transaction on Friday, June 27th. The stock was purchased at an average cost of $13.98 per share, with a total value of $3,559,308.00. Following the completion of the transaction, the insider owned 21,854,600 shares in the company, valued at $305,527,308. The trade was a 1.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 10.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.