Perimeter Solutions, SA (NYSE:PRM) Stock Holdings Reduced by Bank of America Corp DE

Bank of America Corp DE lessened its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 38.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,099,727 shares of the company's stock after selling 689,171 shares during the quarter. Bank of America Corp DE owned about 0.75% of Perimeter Solutions worth $14,055,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PRM. Barclays PLC grew its position in Perimeter Solutions by 305.3% in the third quarter. Barclays PLC now owns 206,967 shares of the company's stock valued at $2,784,000 after acquiring an additional 155,899 shares during the period. SG Americas Securities LLC lifted its position in shares of Perimeter Solutions by 21.4% during the fourth quarter. SG Americas Securities LLC now owns 58,733 shares of the company's stock worth $751,000 after purchasing an additional 10,348 shares in the last quarter. McAdam LLC bought a new stake in shares of Perimeter Solutions during the fourth quarter valued at approximately $131,000. Bleakley Financial Group LLC increased its holdings 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 in the last quarter. Finally, Entropy Technologies LP bought a new position in Perimeter Solutions in the 4th quarter worth approximately $305,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Insider Activity at Perimeter Solutions

In other news, Director Vivek Raj sold 2,284 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total transaction of $27,910.48. Following the transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 553,094 shares of company stock worth $5,879,521. Corporate insiders own 8.70% of the company's stock.

Perimeter Solutions Trading Down 0.7%

PRM traded down $0.09 during midday trading on Friday, hitting $11.71. 886,440 shares of the company were exchanged, compared to its average volume of 933,266. The firm's 50 day moving average price is $10.38 and its 200-day moving average price is $11.54. 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 firm has a market capitalization of $1.73 billion, a P/E ratio of -83.60 and a beta of 1.88. 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 released its quarterly earnings data on Thursday, May 8th. The company reported $0.03 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $72.03 million during the quarter, compared to the consensus estimate of $75.00 million. As a group, equities analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PRM has been the topic of several analyst reports. Wall Street Zen lowered shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Thursday. UBS Group raised shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price for the company in a research note on Wednesday, March 26th. Finally, Morgan Stanley dropped their price target 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.

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.