Perimeter Solutions, SA $PRM Shares Acquired by Senator Investment Group LP

Key Points

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Senator Investment Group LP raised its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 14.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,350,000 shares of the company's stock after purchasing an additional 300,882 shares during the period. Senator Investment Group LP owned 1.58% of Perimeter Solutions worth $23,664,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PRM. Pacer Advisors Inc. acquired a new position in shares of Perimeter Solutions during the first quarter worth $13,743,000. Raymond James Financial Inc. increased its position in shares of Perimeter Solutions by 364.0% during the first quarter. Raymond James Financial Inc. now owns 926,084 shares of the company's stock worth $9,326,000 after purchasing an additional 726,484 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Perimeter Solutions by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company's stock worth $39,789,000 after purchasing an additional 579,987 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Perimeter Solutions by 752.4% during the fourth quarter. AQR Capital Management LLC now owns 636,144 shares of the company's stock worth $8,130,000 after purchasing an additional 561,515 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Perimeter Solutions during the fourth quarter worth $6,001,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Perimeter Solutions Price Performance

Shares of PRM opened at $18.66 on Tuesday. The firm has a market capitalization of $2.73 billion, a PE ratio of 43.40 and a beta of 1.96. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.04 and a quick ratio of 2.60. Perimeter Solutions, SA has a 1-year low of $8.76 and a 1-year high of $18.75. The company's fifty day moving average price is $15.68 and its 200-day moving average price is $12.43.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.11. The firm had revenue of $162.64 million for the quarter, compared to analyst estimates of $108.91 million. Perimeter Solutions had a net margin of 13.05% and a negative return on equity of 1.11%. On average, equities research analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PRM shares. Wall Street Zen downgraded Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Morgan Stanley reduced their price target on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Finally, UBS Group boosted their price objective on shares of Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, July 9th.

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.

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