Arizona State Retirement System Invests $401,000 in Perimeter Solutions, SA (NYSE:PRM)

Arizona State Retirement System bought a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 39,848 shares of the company's stock, valued at approximately $401,000.

Several other large investors have also made changes to their positions in the business. Comerica Bank acquired a new position in Perimeter Solutions in the 4th quarter valued at $38,000. Harbor Investment Advisory LLC raised its stake in Perimeter Solutions by 25.6% in 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 last quarter. Xponance Inc. acquired a new position in Perimeter Solutions in the 1st quarter valued at $101,000. New York State Teachers Retirement System purchased a new stake in Perimeter Solutions in the 1st quarter valued at $123,000. Finally, Tower Research Capital LLC TRC grew its holdings in Perimeter Solutions by 90.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock valued at $136,000 after buying an additional 5,054 shares in the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Perimeter Solutions

In other news, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of the business's stock in a transaction on Friday, June 27th. The shares were 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 directly owned 21,854,600 shares of the company's stock, valued at $305,527,308. This represents a 1.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vivek Raj sold 32,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $11.70, for a total value of $374,400.00. Following the sale, the director owned 68,132 shares in the company, valued at $797,144.40. The trade was a 31.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 303,094 shares of company stock worth $3,587,021 in the last 90 days. 10.00% of the stock is currently owned by insiders.

Perimeter Solutions Trading Down 2.2%

Shares of PRM stock opened at $16.84 on Wednesday. The company has a current ratio of 5.23, a quick ratio of 3.56 and a debt-to-equity ratio of 0.55. Perimeter Solutions, SA has a twelve month low of $8.26 and a twelve month high of $17.40. The company has a market capitalization of $2.49 billion, a P/E ratio of 21.31 and a beta of 1.95. The business's 50 day moving average is $13.60 and its two-hundred day moving average is $11.83.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.12. The company had revenue of $72.03 million during the quarter, compared to the consensus estimate of $75.00 million. Perimeter Solutions had a negative return on equity of 4.33% and a net margin of 23.23%. Equities analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Morgan Stanley lowered their price target on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 16th. UBS Group increased their price target on Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen cut Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday.

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.

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