Pacer Advisors Inc. Invests $13.74 Million in Perimeter Solutions, SA (NYSE:PRM)

Key Points

• Pacer Advisors Inc. acquired a new stake in Perimeter Solutions, SA, purchasing 1,364,781 shares valued at approximately $13.7 million, bringing their total ownership to 0.92% of the company.
• Insider trading activity included a purchase of 254,600 shares by major shareholder Windacre Partnership Master Fu, increasing their stake to a total of 21.85 million shares, while director Vivek Raj sold 32,000 shares, reducing their ownership.
• Perimeter Solutions reported earnings of $0.03 per share, exceeding estimates, but had a negative return on equity of -4.33% and a net margin of 23.23% for the last quarter.

Pacer Advisors Inc. acquired a new stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,364,781 shares of the company's stock, valued at approximately $13,743,000. Pacer Advisors Inc. owned about 0.92% of Perimeter Solutions as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Comerica Bank purchased a new stake in shares of Perimeter Solutions in the fourth quarter valued at $38,000. Harbor Investment Advisory LLC increased its position in Perimeter Solutions by 25.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock valued at $94,000 after purchasing an additional 1,899 shares during the period. Xponance Inc. purchased a new position in Perimeter Solutions during the 1st quarter valued at about $101,000. Gilbert & Cook Inc. purchased a new position in Perimeter Solutions during the 1st quarter valued at about $104,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Perimeter Solutions in the 1st quarter worth approximately $123,000. Institutional investors own 89.93% of the company's stock.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the company's stock in a transaction dated Friday, June 27th. The stock was acquired at an average price of $13.98 per share, with a total value of $3,559,308.00. Following the completion of the acquisition, the insider directly owned 21,854,600 shares of the company's stock, valued at $305,527,308. This represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vivek Raj sold 32,000 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $11.70, for a total transaction of $374,400.00. Following the sale, the director directly owned 68,132 shares of the company's stock, valued at $797,144.40. The trade was a 31.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 303,094 shares of company stock valued at $3,587,021. 10.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a research report 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 cut shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th.

Perimeter Solutions Price Performance

NYSE PRM traded up $0.13 on Wednesday, hitting $16.42. The company had a trading volume of 164,734 shares, compared to its average volume of 1,143,165. The company has a market capitalization of $2.43 billion, a PE ratio of 20.79 and a beta of 1.95. The company's fifty day moving average price is $14.28 and its 200-day moving average price is $12.06. 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, SA has a 12-month low of $8.26 and a 12-month high of $17.40.

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, topping the consensus estimate of ($0.09) by $0.12. The company had revenue of $72.03 million during the quarter, compared to analyst estimates of $75.00 million. Perimeter Solutions had a net margin of 23.23% and a negative return on equity of 4.33%. As a group, analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

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.