Perimeter Solutions, SA (NYSE:PRM) Stake Trimmed by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Comerica Bank purchased a new position in Perimeter Solutions in the 4th quarter worth approximately $38,000. McAdam LLC acquired a new stake in shares of Perimeter Solutions during the fourth quarter worth approximately $131,000. Tower Research Capital LLC TRC increased its stake in shares of Perimeter Solutions by 90.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock worth $136,000 after buying an additional 5,054 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Perimeter Solutions by 14.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock worth $151,000 after buying an additional 1,519 shares during the last quarter. Finally, Voleon Capital Management LP acquired a new stake in Perimeter Solutions in the fourth quarter valued at $154,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PRM. Morgan Stanley lowered their price objective on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 16th. UBS Group raised Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target on the stock in a research report on Wednesday, March 26th. Finally, Wall Street Zen cut Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Insiders Place Their Bets

In other news, Director Vivek Raj sold 2,284 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $12.22, for a total transaction of $27,910.48. Following the completion of the transaction, the director now owns 468,942 shares in the company, valued at approximately $5,730,471.24. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 553,094 shares of company stock worth $5,879,521. 10.00% of the stock is owned by corporate insiders.

Perimeter Solutions Stock Performance

Shares of PRM stock traded down $0.11 during trading hours on Wednesday, reaching $12.29. The stock had a trading volume of 126,116 shares, compared to its average volume of 941,013. The firm has a 50-day simple moving average of $10.74 and a 200-day simple moving average of $11.48. Perimeter Solutions, SA has a twelve month low of $7.00 and a twelve month high of $14.44. The firm has a market capitalization of $1.82 billion, a PE ratio of -87.96 and a beta of 1.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The company had revenue of $72.03 million for the quarter, compared to analyst estimates of $75.00 million. As a group, equities analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current 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.