Lingohr Asset Management GmbH Acquires Shares of 15,859 Perimeter Solutions, SA $PRM

Key Points

• Lingohr Asset Management GmbH acquired 15,859 shares of Perimeter Solutions, valued at approximately $221,000, in the second quarter, indicating institutional interest in the stock.
• Insider Jeffrey Emery sold 300,000 shares for about $6.68 million while major shareholder Windacre Partnership Master Fu purchased 254,600 shares, increasing their stake in Perimeter Solutions.
• Perimeter Solutions reported a positive quarterly earnings performance with $0.39 earnings per share, surpassing analysts' estimates, while analysts have varied ratings and price targets for the stock, indicating a potential for growth.

Lingohr Asset Management GmbH acquired a new stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,859 shares of the company's stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Comerica Bank lifted its holdings in shares of Perimeter Solutions by 45.0% during the first quarter. Comerica Bank now owns 4,267 shares of the company's stock valued at $43,000 after acquiring an additional 1,324 shares during the period. Procyon Advisors LLC lifted its holdings in shares of Perimeter Solutions by 14.6% during the first quarter. Procyon Advisors LLC now owns 14,912 shares of the company's stock valued at $150,000 after acquiring an additional 1,897 shares during the period. Harbor Investment Advisory LLC increased 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 buying an additional 1,899 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Perimeter Solutions by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,118 shares of the company's stock valued at $973,000 after buying an additional 2,641 shares in the last quarter. Finally, Templeton & Phillips Capital Management LLC increased its stake in shares of Perimeter Solutions by 1.8% in the first quarter. Templeton & Phillips Capital Management LLC now owns 188,999 shares of the company's stock valued at $1,903,000 after buying an additional 3,383 shares in the last quarter. 89.93% of the stock is owned by institutional investors.

Insider Activity at Perimeter Solutions

In other news, insider Jeffrey Emery sold 300,000 shares of Perimeter Solutions stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $22.28, for a total transaction of $6,684,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of the business's stock in a transaction dated Friday, June 27th. The shares were acquired at an average price of $13.98 per share, for a total transaction of $3,559,308.00. Following the acquisition, the insider directly owned 21,854,600 shares in the company, valued at $305,527,308. This represents 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 currently owned by corporate insiders.

Perimeter Solutions Price Performance

Perimeter Solutions stock opened at $22.26 on Monday. 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 firm has a market capitalization of $3.26 billion, a P/E ratio of 51.77 and a beta of 2.00. The business has a 50-day moving average of $18.55 and a 200-day moving average of $13.76. Perimeter Solutions, SA has a 1 year low of $8.76 and a 1 year high of $23.79.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on PRM shares. Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. UBS Group raised their target price 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, 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. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $22.50.

Perimeter Solutions Company 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.

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