Perimeter Solutions, SA $PRM Stock Position Boosted by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. dramatically increased its stake in Perimeter Solutions by 2,927.3%, acquiring 438,784 shares valued at approximately $4.42 million.
• Major shareholder Windacre Partnership Master Fu purchased 254,600 shares in a recent transaction, raising their ownership to over 21.8 million shares, worth about $305.5 million.
• Analysts have mixed ratings on Perimeter Solutions, with Morgan Stanley raising its target price to $25.00, while Wall Street Zen downgraded it from "buy" to "hold."

Jacobs Levy Equity Management Inc. lifted its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 2,927.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 438,784 shares of the company's stock after buying an additional 424,290 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.30% of Perimeter Solutions worth $4,419,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PRM. Comerica Bank acquired a new stake in Perimeter Solutions in the fourth quarter valued at approximately $38,000. Harbor Investment Advisory LLC boosted its stake in shares of Perimeter Solutions by 25.6% in the first quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock valued at $94,000 after purchasing an additional 1,899 shares during the period. Xponance Inc. acquired a new stake in Perimeter Solutions during the 1st quarter valued at $101,000. Gilbert & Cook Inc. purchased a new stake in Perimeter Solutions during the 1st quarter worth $104,000. Finally, Quantinno Capital Management LP acquired a new position in Perimeter Solutions in the 4th quarter worth $136,000. Hedge funds and other institutional investors own 89.93% of the company's stock.

Insiders Place Their Bets

In other news, CFO Kyle Sable sold 40,000 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $22.05, for a total value of $882,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 acquired at an average cost of $13.98 per share, with a total value of $3,559,308.00. Following the transaction, the insider owned 21,854,600 shares in the company, valued at approximately $305,527,308. The trade was a 1.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. 10.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PRM shares. Morgan Stanley raised their target price on Perimeter Solutions from $17.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, August 25th. UBS Group raised their price objective on Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen downgraded Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $22.50.

Perimeter Solutions Stock Up 0.3%

NYSE PRM traded up $0.06 on Friday, hitting $22.26. 748,398 shares of the stock traded hands, compared to its average volume of 1,362,838. The company has a current ratio of 4.04, a quick ratio of 2.60 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $18.55 and a 200 day moving average of $13.71. Perimeter Solutions, SA has a twelve month low of $8.76 and a twelve month high of $23.79. The company has a market capitalization of $3.26 billion, a P/E ratio of 51.77 and a beta of 2.00.

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