Perimeter Solutions, SA $PRM Holdings Trimmed by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in Perimeter Solutions, SA by 28.2%, now holding 52,540 shares valued at approximately $529,000.
• Procyon Advisors LLC and Harbor Investment Advisory LLC increased their positions in the company by 14.6% and 25.6%, respectively, indicating positive interest from various institutional investors.
• Perimeter Solutions recently reported earnings of $0.39 per share, surpassing analyst expectations and demonstrating strong revenue growth for the quarter.

Algert Global LLC lowered its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 28.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,540 shares of the company's stock after selling 20,590 shares during the period. Algert Global LLC's holdings in Perimeter Solutions were worth $529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. grew its holdings in Perimeter Solutions by 364.0% during the 1st quarter. Raymond James Financial Inc. now owns 926,084 shares of the company's stock valued at $9,326,000 after buying an additional 726,484 shares during the last quarter. Fox Run Management L.L.C. grew its holdings in Perimeter Solutions by 322.0% during the 1st quarter. Fox Run Management L.L.C. now owns 74,816 shares of the company's stock valued at $753,000 after buying an additional 57,086 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Perimeter Solutions during the 1st quarter valued at $842,000. Nuveen LLC acquired a new stake in Perimeter Solutions during the 1st quarter valued at $3,515,000. Finally, Aigen Investment Management LP acquired a new stake in Perimeter Solutions during the 1st quarter valued at $161,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PRM shares. Wall Street Zen cut Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. UBS Group increased their price target on Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley increased their target price on Perimeter Solutions from $17.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $22.50.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the business's stock in a transaction dated Friday, June 27th. The shares were bought at an average price 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 approximately $305,527,308. This represents a 1.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.00% of the company's stock.

Perimeter Solutions Stock Up 1.3%

NYSE:PRM traded up $0.29 during mid-day trading on Friday, reaching $22.31. The stock had a trading volume of 731,259 shares, compared to its average volume of 1,168,044. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 51.91 and a beta of 1.96. Perimeter Solutions, SA has a 1-year low of $8.76 and a 1-year high of $22.50. The stock's 50 day simple moving average is $16.78 and its two-hundred day simple moving average is $12.88. 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 (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.11. Perimeter Solutions had a negative return on equity of 1.11% and a net margin of 13.05%.The business had revenue of $162.64 million during the quarter, compared to the consensus estimate of $108.91 million. Equities analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current year.

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.