Alyeska Investment Group L.P. Buys Shares of 800,000 Perimeter Solutions, SA $PRM

Key Points

• Alyeska Investment Group L.P. has acquired a new position in Perimeter Solutions, purchasing 800,000 shares valued at approximately $8.06 million, bringing their ownership to 0.54% of the company.
• Several institutional investors, including Susquehanna International Group LLP and Price T Rowe Associates Inc., have recently increased their stakes in Perimeter Solutions, highlighting a growing interest in the company.
• Perimeter Solutions reported better-than-expected earnings of $0.39 per share for the last quarter, surpassing analysts' estimates and indicating a strong revenue of $162.64 million.

Alyeska Investment Group L.P. bought a new position in Perimeter Solutions, SA (NYSE:PRM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 800,000 shares of the company's stock, valued at approximately $8,056,000. Alyeska Investment Group L.P. owned approximately 0.54% of Perimeter Solutions as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PRM. Susquehanna International Group LLP grew its holdings in Perimeter Solutions by 13.6% in the fourth quarter. Susquehanna International Group LLP now owns 118,198 shares of the company's stock worth $1,511,000 after purchasing an additional 14,168 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Perimeter Solutions by 19.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,191 shares of the company's stock worth $668,000 after purchasing an additional 8,477 shares in the last quarter. Northern Trust Corp grew its stake in shares of Perimeter Solutions by 10.1% in the 4th quarter. Northern Trust Corp now owns 1,318,105 shares of the company's stock worth $16,845,000 after buying an additional 120,615 shares during the last quarter. Comerica Bank bought a new position in Perimeter Solutions during the 4th quarter valued at approximately $38,000. Finally, Algert Global LLC increased its position in Perimeter Solutions by 14.3% during the 4th quarter. Algert Global LLC now owns 73,130 shares of the company's stock valued at $935,000 after buying an additional 9,142 shares in the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Perimeter Solutions

In other news, insider Jeffrey Emery sold 300,000 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $22.28, for a total transaction of $6,684,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the company's stock in a transaction dated Friday, June 27th. The stock was purchased at an average price of $13.98 per share, for a total transaction of $3,559,308.00. Following the completion of the purchase, the insider owned 21,854,600 shares in the company, valued at approximately $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. Company insiders own 10.00% of the company's stock.

Analysts Set New Price Targets

PRM has been the topic of several 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 lifted their price target on Perimeter Solutions from $17.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, August 25th. Finally, UBS Group upped their price target on shares of Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $22.50.

Perimeter Solutions Stock Performance

NYSE PRM traded up $0.20 during trading hours on Thursday, hitting $22.22. The company's stock had a trading volume of 1,309,130 shares, compared to its average volume of 1,366,948. 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 company has a market cap of $3.25 billion, a P/E ratio of 51.68 and a beta of 2.00. The company's 50 day simple moving average is $18.42 and its two-hundred day simple moving average is $13.63. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $23.79.

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 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 firm had revenue of $162.64 million for the quarter, compared to the consensus estimate of $108.91 million. As a group, sell-side analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

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.