D. E. Shaw & Co. Inc. Has $736,000 Stake in Perimeter Solutions, SA (NYSE:PRM)

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

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Perimeter Solutions by 305.3% in the 3rd quarter. Barclays PLC now owns 206,967 shares of the company's stock valued at $2,784,000 after buying an additional 155,899 shares during the period. SG Americas Securities LLC boosted its holdings in Perimeter Solutions by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 58,733 shares of the company's stock valued at $751,000 after acquiring an additional 10,348 shares during the last quarter. McAdam LLC acquired a new stake in Perimeter Solutions in the fourth quarter worth about $131,000. Bleakley Financial Group LLC raised its holdings in Perimeter Solutions by 6.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock worth $363,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Perimeter Solutions during the 4th quarter valued at about $305,000. Institutional investors own 89.93% of the company's stock.

Insider Activity at Perimeter Solutions

In related news, Director Vivek Raj sold 2,284 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total transaction of $27,910.48. Following the sale, the director now owns 468,942 shares of the company's stock, valued at approximately $5,730,471.24. This trade represents a 0.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 553,094 shares of company stock worth $5,879,521. 8.70% of the stock is currently owned by company insiders.

Perimeter Solutions Trading Up 1.5%

NYSE PRM traded up $0.18 on Thursday, reaching $12.15. The company had a trading volume of 1,099,102 shares, compared to its average volume of 936,074. Perimeter Solutions, SA has a 52 week low of $7.00 and a 52 week high of $14.44. The stock's 50 day moving average is $10.60 and its 200-day moving average is $11.49. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -86.78 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.03 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 7.62% and a negative net margin of 1.05%. Equities analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PRM shares. Morgan Stanley lowered their price target on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Wall Street Zen cut shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group upgraded shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price for the company in a research report on Wednesday, March 26th.

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.