Perimeter Solutions, SA $PRM Stock Holdings Lowered by AlphaQuest LLC

Key Points

• AlphaQuest LLC reduced its stake in Perimeter Solutions, SA by 88.5%, holding 4,989 shares worth $50,000 after selling 38,311 shares in the first quarter.
• Other investors, including Tower Research Capital LLC and Susquehanna International Group LLP, have increased their positions in Perimeter Solutions, with a significant number of institutional investors now owning 89.93% of the stock.
• Analysts have mixed ratings for the stock, with Wall Street Zen downgrading its rating to "hold," while Morgan Stanley and UBS Group have increased their price targets.

AlphaQuest LLC trimmed its position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 88.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,989 shares of the company's stock after selling 38,311 shares during the period. AlphaQuest LLC's holdings in Perimeter Solutions were worth $50,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Bank acquired a new position in Perimeter Solutions during the 4th quarter valued at about $38,000. Harbor Investment Advisory LLC boosted its stake in Perimeter Solutions by 25.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock valued at $94,000 after purchasing an additional 1,899 shares during the period. Xponance Inc. acquired a new position in Perimeter Solutions during the 1st quarter valued at about $101,000. Gilbert & Cook Inc. acquired a new position in Perimeter Solutions during the 1st quarter valued at about $104,000. Finally, New York State Teachers Retirement System acquired a new position in Perimeter Solutions during the 1st quarter valued at about $123,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Perimeter Solutions Price Performance

Shares of PRM stock traded down $0.17 during midday trading on Wednesday, reaching $22.04. 1,033,215 shares of the company were exchanged, compared to its average volume of 1,380,170. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $23.79. The company has a market cap of $3.23 billion, a P/E ratio of 51.25 and a beta of 2.00. The company's 50 day moving average price is $18.28 and its two-hundred day moving average price is $13.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.60 and a current ratio of 4.04.

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

Insider Buying and Selling

In related news, insider Jeffrey Emery sold 300,000 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $22.28, for a total value of $6,684,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average price of $13.98 per share, for a total transaction of $3,559,308.00. Following the completion of the acquisition, the insider directly 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 disclosure for this purchase can be found here. Insiders own 10.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PRM. UBS Group boosted their target price on shares of Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Morgan Stanley boosted their price target on shares of Perimeter Solutions from $17.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, August 25th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $22.50.

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.