Deutsche Bank AG Has $1.52 Million Stock Holdings in Perimeter Solutions, SA (NYSE:PRM)

Deutsche Bank AG lifted its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 47.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,207 shares of the company's stock after purchasing an additional 38,428 shares during the period. Deutsche Bank AG owned approximately 0.08% of Perimeter Solutions worth $1,523,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Comerica Bank bought a new position in Perimeter Solutions in the 4th quarter worth approximately $38,000. McAdam LLC bought a new stake in shares of Perimeter Solutions during the fourth quarter worth $131,000. Tower Research Capital LLC TRC raised its position in shares of Perimeter Solutions by 90.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock worth $136,000 after acquiring an additional 5,054 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Perimeter Solutions by 14.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock valued at $151,000 after acquiring an additional 1,519 shares during the period. Finally, Voleon Capital Management LP bought a new position in Perimeter Solutions in the fourth quarter valued at about $154,000. 89.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Vivek Raj sold 2,284 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total transaction of $27,910.48. Following the sale, the director now owns 468,942 shares of the company's stock, valued at approximately $5,730,471.24. This trade represents a 0.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 553,094 shares of company stock valued at $5,879,521 in the last 90 days. 8.70% of the stock is owned by insiders.

Perimeter Solutions Trading Up 1.5%

Shares of Perimeter Solutions stock traded up $0.18 during trading on Thursday, reaching $12.15. 1,099,102 shares of the company were exchanged, compared to its average volume of 936,074. The business has a 50-day moving average price of $10.60 and a 200-day moving average price of $11.49. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -86.78 and a beta of 1.88. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a twelve month low of $7.00 and a twelve month high of $14.44.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (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 negative return on equity of 7.62% and a negative net margin of 1.05%. Sell-side analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PRM shares. Morgan Stanley dropped 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 upgraded shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective on the stock in a report on Wednesday, March 26th. Finally, Wall Street Zen cut shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

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.