Aigen Investment Management LP Acquires Shares of 15,983 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 acquired a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,983 shares of the company's stock, valued at approximately $161,000.

Other large investors also recently modified their holdings of the company. Comerica Bank acquired a new stake in shares of Perimeter Solutions during the fourth quarter worth $38,000. Harbor Investment Advisory LLC increased its position in shares of Perimeter Solutions by 25.6% during the first quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock worth $94,000 after buying an additional 1,899 shares during the period. Xponance Inc. acquired a new stake in shares of Perimeter Solutions during the first quarter worth $101,000. Gilbert & Cook Inc. acquired a new stake in shares of Perimeter Solutions during the first quarter worth $104,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Perimeter Solutions during the fourth quarter worth $136,000. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of the company's stock in a transaction on Friday, June 27th. The shares were purchased at an average cost of $13.98 per share, with a total value of $3,559,308.00. Following the completion of the purchase, the insider owned 21,854,600 shares of the company's stock, valued at approximately $305,527,308. This represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PRM shares. Wall Street Zen cut shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. 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 research report on Wednesday, July 9th. Finally, Morgan Stanley decreased 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. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $18.50.

Perimeter Solutions Stock Up 1.3%

NYSE PRM traded up $0.2370 on Thursday, hitting $18.6570. 820,164 shares of the company were exchanged, compared to its average volume of 1,090,833. The company has a market cap of $2.73 billion, a PE ratio of 43.39 and a beta of 1.96. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $18.76. The stock has a fifty day moving average of $15.98 and a 200-day moving average of $12.56. 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 (NYSE:PRM - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.11. The business had revenue of $162.64 million for the quarter, compared to analyst estimates of $108.91 million. Perimeter Solutions had a net margin of 13.05% and a negative return on equity of 1.11%. As a group, analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

About Perimeter Solutions

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.