Nuveen Asset Management LLC Sells 99,716 Shares of Perimeter Solutions, SA (NYSE:PRM)

Nuveen Asset Management LLC lessened its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,088 shares of the company's stock after selling 99,716 shares during the quarter. Nuveen Asset Management LLC owned 0.24% of Perimeter Solutions worth $4,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new stake in Perimeter Solutions during the fourth quarter worth $305,000. Barclays PLC raised its position in Perimeter Solutions by 305.3% during the third quarter. Barclays PLC now owns 206,967 shares of the company's stock worth $2,784,000 after acquiring an additional 155,899 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Perimeter Solutions during the fourth quarter worth $301,000. Bleakley Financial Group LLC raised its position in shares of Perimeter Solutions by 6.7% in the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock valued at $363,000 after purchasing an additional 1,778 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Perimeter Solutions by 47.6% in the fourth quarter. Deutsche Bank AG now owns 119,207 shares of the company's stock valued at $1,523,000 after purchasing an additional 38,428 shares during the period. 89.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group raised shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective on the stock in a research report on Wednesday, March 26th. Morgan Stanley dropped their price objective on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Perimeter Solutions Stock Performance

Shares of PRM stock traded down $0.14 on Wednesday, hitting $12.26. The company's stock had a trading volume of 1,021,604 shares, compared to its average volume of 946,835. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The stock's 50 day moving average is $10.78 and its 200-day moving average is $11.49. Perimeter Solutions, SA has a fifty-two week low of $7.00 and a fifty-two week high of $14.44. The company has a market capitalization of $1.81 billion, a PE ratio of -87.57 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.12. The firm had revenue of $72.03 million for the quarter, compared to the consensus estimate of $75.00 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. Equities research analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Vivek Raj sold 2,284 shares of Perimeter Solutions stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.22, for a total transaction of $27,910.48. Following the sale, the director now directly owns 468,942 shares of the company's stock, valued at approximately $5,730,471.24. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 553,094 shares of company stock worth $5,879,521 over the last ninety days. Corporate insiders own 10.00% of the company's stock.

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.