D. E. Shaw & Co. Inc. Sells 176,332 Shares of Perimeter Solutions, SA (NYSE:PRM)

D. E. Shaw & Co. Inc. cut its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 75.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,591 shares of the company's stock after selling 176,332 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Perimeter Solutions were worth $736,000 as of its most recent SEC filing.

A number of other institutional 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. McAdam LLC bought a new stake in shares of Perimeter Solutions during the 4th quarter valued at $131,000. Tower Research Capital LLC TRC lifted its position in shares of Perimeter Solutions by 90.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock valued at $136,000 after acquiring an additional 5,054 shares during the period. Orion Portfolio Solutions LLC lifted its position in shares of Perimeter Solutions by 14.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock valued at $151,000 after acquiring an additional 1,519 shares during the period. Finally, Voleon Capital Management LP bought a new stake in shares of Perimeter Solutions during the 4th quarter valued at $154,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PRM has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. UBS Group raised 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, Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Perimeter Solutions Trading Up 1.8%

Shares of PRM traded up $0.22 during mid-day trading on Tuesday, reaching $11.95. 809,893 shares of the company were exchanged, compared to its average volume of 932,772. Perimeter Solutions, SA has a 52 week low of $7.00 and a 52 week high of $14.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The stock has a market capitalization of $1.76 billion, a PE ratio of -85.32 and a beta of 1.88. The business has a 50 day simple moving average of $10.43 and a two-hundred day simple moving average of $11.49.

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, topping analysts' consensus estimates of ($0.09) by $0.12. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The company had revenue of $72.03 million during the quarter, compared to the consensus estimate of $75.00 million. On average, analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 2,284 shares of Perimeter Solutions stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total value of $27,910.48. Following the completion of the sale, the director now directly owns 468,942 shares in the company, valued at approximately $5,730,471.24. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 553,094 shares of company stock worth $5,879,521 over the last ninety days. 8.70% of the stock is owned by insiders.

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.