Bessemer Group Inc. Acquires 40,247 Shares of Perimeter Solutions, SA (NYSE:PRM)

Bessemer Group Inc. increased its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 964,058 shares of the company's stock after acquiring an additional 40,247 shares during the quarter. Bessemer Group Inc. owned about 0.64% of Perimeter Solutions worth $9,707,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in Perimeter Solutions by 136.8% during 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 in the last quarter. JPMorgan Chase & Co. grew its stake in Perimeter Solutions by 19.9% during the fourth quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock worth $74,847,000 after buying an additional 971,623 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in Perimeter Solutions during the fourth quarter worth about $41,780,000. Dimensional Fund Advisors LP grew its stake 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 worth $39,789,000 after buying an additional 579,987 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Perimeter Solutions by 12.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,025,390 shares of the company's stock worth $38,664,000 after buying an additional 327,210 shares in the last quarter. 89.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PRM shares. Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group upgraded shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target on the stock in a research note on Wednesday, March 26th. Finally, Morgan Stanley reduced their price target 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.

Insider Transactions at Perimeter Solutions

In other news, Director Vivek Raj sold 2,284 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.22, for a total value of $27,910.48. Following the transaction, the director now owns 468,942 shares in the company, valued at approximately $5,730,471.24. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 303,094 shares of company stock worth $3,587,021. Company insiders own 10.00% of the company's stock.

Perimeter Solutions Stock Up 1.5%

NYSE:PRM opened at $13.95 on Friday. The firm's 50 day simple moving average is $11.90 and its 200 day simple moving average is $11.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.23 and a quick ratio of 3.56. Perimeter Solutions, SA has a one year low of $7.49 and a one year high of $14.44. The company has a market cap of $2.06 billion, a PE ratio of 17.65 and a beta of 1.92.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.