Senator Investment Group LP Has $23.66 Million Stake in Perimeter Solutions, SA $PRM

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Senator Investment Group LP grew its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 14.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,350,000 shares of the company's stock after acquiring an additional 300,882 shares during the quarter. Senator Investment Group LP owned 1.58% of Perimeter Solutions worth $23,664,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Maven Securities LTD bought a new stake in shares of Perimeter Solutions in the first quarter worth about $504,000. Quantbot Technologies LP increased its holdings in shares of Perimeter Solutions by 453.8% in the first quarter. Quantbot Technologies LP now owns 128,804 shares of the company's stock worth $1,297,000 after acquiring an additional 105,545 shares in the last quarter. Versor Investments LP increased its holdings in shares of Perimeter Solutions by 44.6% in the first quarter. Versor Investments LP now owns 28,630 shares of the company's stock worth $288,000 after acquiring an additional 8,830 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Perimeter Solutions by 364.0% in the first quarter. Raymond James Financial Inc. now owns 926,084 shares of the company's stock worth $9,326,000 after acquiring an additional 726,484 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its holdings in shares of Perimeter Solutions by 322.0% in the first quarter. Fox Run Management L.L.C. now owns 74,816 shares of the company's stock worth $753,000 after acquiring an additional 57,086 shares in the last quarter. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Stock Up 4.2%

Shares of NYSE:PRM traded up $0.79 during mid-day trading on Friday, reaching $19.48. 1,291,717 shares of the stock were exchanged, compared to its average volume of 1,119,986. The company has a quick ratio of 2.60, a current ratio of 4.04 and a debt-to-equity ratio of 0.57. The company has a market cap of $2.85 billion, a P/E ratio of 45.30 and a beta of 1.96. Perimeter Solutions, SA has a one year low of $8.76 and a one year high of $19.65. The stock's 50 day simple moving average is $16.11 and its 200-day simple moving average is $12.62.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on PRM shares. UBS Group increased their price target on Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Morgan Stanley lowered their price target on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Finally, Wall Street Zen downgraded Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Perimeter Solutions currently has an average rating of "Buy" and a consensus price target of $18.50.

Insiders Place Their Bets

In related news, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the firm's stock in a transaction on Friday, June 27th. The stock was purchased at an average cost of $13.98 per share, for a total transaction of $3,559,308.00. Following the completion of the purchase, the insider directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

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.