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

Arizona State Retirement System acquired a new stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 39,848 shares of the company's stock, valued at approximately $401,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Perimeter Solutions by 136.8% in the fourth quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock worth $104,944,000 after buying an additional 4,744,069 shares during the period. JPMorgan Chase & Co. raised its position in Perimeter Solutions by 19.9% during the fourth quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock valued at $74,847,000 after acquiring an additional 971,623 shares in the last quarter. Bessemer Group Inc. grew its holdings in Perimeter Solutions by 10,103.3% during the fourth quarter. Bessemer Group Inc. now owns 923,811 shares of the company's stock valued at $11,806,000 after purchasing an additional 914,757 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Perimeter Solutions by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company's stock valued at $39,789,000 after purchasing an additional 579,987 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Perimeter Solutions by 752.4% during the fourth quarter. AQR Capital Management LLC now owns 636,144 shares of the company's stock valued at $8,130,000 after purchasing an additional 561,515 shares during the last quarter. Institutional investors own 89.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PRM. Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. UBS Group raised their price objective 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. Finally, Morgan Stanley lowered their price objective on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th.

Insiders Place Their Bets

In other Perimeter Solutions news, Director Vivek Raj sold 100,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $11.78, for a total transaction of $1,178,000.00. Following the completion of the sale, the director directly owned 168,942 shares of the company's stock, valued at approximately $1,990,136.76. The trade was a 37.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 acquisition, the insider directly owned 21,854,600 shares in the company, valued at approximately $305,527,308. The trade was a 1.18% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 303,094 shares of company stock valued at $3,587,021. Company insiders own 10.00% of the company's stock.

Perimeter Solutions Price Performance

Shares of NYSE PRM traded up $0.07 during midday trading on Friday, reaching $16.86. 624,165 shares of the company traded hands, compared to its average volume of 1,229,914. The firm has a market cap of $2.49 billion, a PE ratio of 21.34 and a beta of 1.95. The stock's 50-day simple moving average is $14.09 and its 200-day simple moving average is $12.00. Perimeter Solutions, SA has a 12 month low of $8.26 and a 12 month high of $17.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.56 and a current ratio of 5.23.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. The company had revenue of $72.03 million during the quarter, compared to analysts' expectations of $75.00 million. Perimeter Solutions had a negative return on equity of 4.33% and a net margin of 23.23%. As a group, equities analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share 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.