15,859 Shares in Perimeter Solutions, SA $PRM Bought by Lingohr Asset Management GmbH

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 Perimeter Solutions, SA (NYSE:PRM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,859 shares of the company's stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PRM. Comerica Bank acquired a new stake in shares of Perimeter Solutions during the 4th quarter valued at approximately $38,000. Harbor Investment Advisory LLC raised its position in Perimeter Solutions by 25.6% during the first quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock worth $94,000 after acquiring an additional 1,899 shares during the last quarter. Xponance Inc. acquired a new position in shares of Perimeter Solutions in the first quarter worth $101,000. Gilbert & Cook Inc. acquired a new position in Perimeter Solutions in the 1st quarter valued at about $104,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Perimeter Solutions in the first quarter valued at approximately $123,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Perimeter Solutions Trading Up 0.3%

PRM traded up $0.06 during mid-day trading on Friday, reaching $22.10. The stock had a trading volume of 341,312 shares, compared to its average volume of 1,171,788. The firm's fifty day simple moving average is $19.05 and its two-hundred day simple moving average is $14.03. The stock has a market capitalization of $3.24 billion, a P/E ratio of 51.36 and a beta of 2.00. Perimeter Solutions, SA has a 52 week low of $8.76 and a 52 week high of $23.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.60 and a current ratio of 4.04.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $162.64 million for the quarter, compared to analysts' expectations of $108.91 million. On average, equities analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of Perimeter Solutions stock in a transaction on Friday, June 27th. The shares were purchased at an average price of $13.98 per share, for a total transaction of $3,559,308.00. Following the completion of the acquisition, the insider owned 21,854,600 shares in the company, valued at approximately $305,527,308. This represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Emery sold 300,000 shares of Perimeter Solutions stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $22.28, for a total transaction of $6,684,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 365,000 shares of company stock worth $8,127,250 in the last ninety days. 10.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.