Deutsche Bank AG Raises Position in Perimeter Solutions, SA $PRM

Key Points

• Deutsche Bank AG increased its holdings in Perimeter Solutions by 198.5% in the 1st quarter, owning 355,796 shares valued at approximately $3.58 million after purchasing 236,589 additional shares.
• Several institutional investors also increased their stakes in Perimeter Solutions, with 89.93% of the stock now owned by institutional shareholders.
• Analysts have varying ratings for Perimeter Solutions; UBS Group raised its price target from $15.00 to $20.00 while Wall Street Zen downgraded their rating from "buy" to "hold".

Deutsche Bank AG raised its position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 198.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 355,796 shares of the company's stock after purchasing an additional 236,589 shares during the period. Deutsche Bank AG owned 0.24% of Perimeter Solutions worth $3,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PRM. Pacer Advisors Inc. bought a new position in Perimeter Solutions during the first quarter valued at $13,743,000. 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 period. 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 period. First Trust Advisors LP bought a new position in Perimeter Solutions during the fourth quarter valued at $6,001,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Perimeter Solutions during the first quarter valued at $3,479,000. 89.93% of the stock is owned by institutional investors.

Perimeter Solutions Stock Performance

Shares of Perimeter Solutions stock traded up $0.79 during trading hours on Friday, reaching $19.48. The company had a trading volume of 1,291,717 shares, compared to its average volume of 1,086,616. Perimeter Solutions, SA has a one year low of $8.76 and a one year high of $19.65. The business has a fifty day simple moving average of $16.11 and a 200 day simple moving average of $12.62. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.04 and a quick ratio of 2.60. The firm has a market cap of $2.85 billion, a PE ratio of 45.30 and a beta of 1.96.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.11. Perimeter Solutions had a negative return on equity of 1.11% and a net margin of 13.05%.The firm had revenue of $162.64 million during the quarter, compared to analyst estimates of $108.91 million. On average, analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insider Activity

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were bought at an average price of $13.98 per share, for a total transaction of $3,559,308.00. Following the completion of the transaction, the insider owned 21,854,600 shares of the company's stock, valued at approximately $305,527,308. This represents a 1.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 10.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PRM. Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. UBS Group increased their price objective on Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Morgan Stanley cut 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. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $18.50.

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.