Perimeter Solutions, SA (NYSE:PRM) Shares Acquired by Navellier & Associates Inc.

Key Points

• Navellier & Associates Inc. has boosted its stake in Perimeter Solutions, SA by 59.7%, acquiring an additional 34,546 shares, resulting in a total ownership of 92,393 shares, valued at approximately $983,000.
• Several institutional investors have also increased their positions in Perimeter Solutions, with institutional ownership now at 89.93% of the company's stock.
• Perimeter Solutions recently reported earnings of $0.03 per share, surpassing analysts' expectations, despite revenues falling short of consensus estimates at $72.03 million.

Navellier & Associates Inc. grew its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 59.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,393 shares of the company's stock after buying an additional 34,546 shares during the period. Navellier & Associates Inc. owned 0.06% of Perimeter Solutions worth $983,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PRM. Vanguard Group Inc. raised its position in shares of Perimeter Solutions by 136.8% during the 4th quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock valued at $104,944,000 after buying an additional 4,744,069 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Perimeter Solutions by 19.9% in the 4th quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock valued at $74,847,000 after purchasing an additional 971,623 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Perimeter Solutions by 10,103.3% in the 4th quarter. Bessemer Group Inc. now owns 923,811 shares of the company's stock valued at $11,806,000 after purchasing an additional 914,757 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Perimeter Solutions by 22.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company's stock worth $39,789,000 after purchasing an additional 579,987 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Perimeter Solutions by 752.4% during the 4th 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 last quarter. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Stock Up 0.8%

NYSE PRM traded up $0.13 during midday trading on Wednesday, hitting $16.42. 123,983 shares of the company traded hands, compared to its average volume of 1,142,811. Perimeter Solutions, SA has a 52 week low of $8.26 and a 52 week high of $17.40. The company's 50-day simple moving average is $14.28 and its 200-day simple moving average is $12.06. The company has a market cap of $2.43 billion, a PE ratio of 20.74 and a beta of 1.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.23 and a quick ratio of 3.56.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. The company had revenue of $72.03 million for the quarter, compared to the consensus estimate of $75.00 million. Perimeter Solutions had a negative return on equity of 4.33% and a net margin of 23.23%. As a group, equities research analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the company'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 completion of the purchase, the insider owned 21,854,600 shares of the company's stock, valued at approximately $305,527,308. The trade was a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Vivek Raj sold 100,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $11.78, for a total transaction of $1,178,000.00. Following the completion of the transaction, the director directly owned 168,942 shares of the company's stock, valued at $1,990,136.76. The trade was a 37.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 303,094 shares of company stock worth $3,587,021 over the last ninety days. Corporate insiders own 10.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price 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 decreased their price objective on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Finally, Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th.

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.