Perimeter Solutions, SA (NYSE:PRM) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 25.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 313,239 shares of the company's stock after acquiring an additional 63,919 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Perimeter Solutions worth $4,003,000 at the end of the most recent quarter.

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

Perimeter Solutions Stock Up 1.5%

Shares of Perimeter Solutions stock traded up $0.19 on Friday, reaching $12.84. The stock had a trading volume of 809,955 shares, compared to its average volume of 951,678. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.90 billion, a P/E ratio of -91.69 and a beta of 1.92. The company has a 50 day moving average price of $10.88 and a 200 day moving average price of $11.46. Perimeter Solutions, SA has a 1 year low of $7.00 and a 1 year high of $14.44.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.12. The company had revenue of $72.03 million during 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%. As a group, equities research analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Buying and Selling

In related news, Director Vivek Raj sold 250,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the transaction, the director now directly owns 471,226 shares of the company's stock, valued at $4,321,142.42. This trade represents a 34.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 553,094 shares of company stock worth $5,879,521 in the last ninety days. 10.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PRM has been the subject of a number of recent research reports. UBS Group raised shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective for the company in a research note on Wednesday, March 26th. Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley decreased their price objective on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 16th.

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.