Principal Financial Group Inc. Has $109.89 Million Stake in Perimeter Solutions, SA (NYSE:PRM)

Principal Financial Group Inc. boosted its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,912,291 shares of the company's stock after purchasing an additional 218,002 shares during the period. Principal Financial Group Inc. owned about 7.33% of Perimeter Solutions worth $109,887,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Perimeter Solutions by 136.8% in the 4th quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock valued at $104,944,000 after acquiring an additional 4,744,069 shares during the period. JPMorgan Chase & Co. grew its position in shares of Perimeter Solutions by 19.9% in the 4th quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock valued at $74,847,000 after acquiring an additional 971,623 shares during the period. Corient Private Wealth LLC bought a new position in shares of Perimeter Solutions in the 4th quarter valued at about $41,780,000. Dimensional Fund Advisors LP grew its position in shares of Perimeter Solutions by 22.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company's stock valued at $39,789,000 after acquiring an additional 579,987 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Perimeter Solutions by 12.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,025,390 shares of the company's stock valued at $38,664,000 after acquiring an additional 327,210 shares during the period. Institutional investors own 89.93% of the company's stock.

Insider Transactions at Perimeter Solutions

In related news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the business's stock in a transaction dated Friday, June 27th. The stock was bought at an average price of $13.98 per share, for a total transaction of $3,559,308.00. Following the purchase, the insider owned 21,854,600 shares in the company, valued at $305,527,308. This represents a 1.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vivek Raj sold 32,000 shares of Perimeter Solutions stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $11.70, for a total transaction of $374,400.00. Following the completion of the sale, the director owned 68,132 shares of the company's stock, valued at $797,144.40. This trade represents a 31.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 303,094 shares of company stock valued at $3,587,021. 10.00% of the stock is currently owned by corporate insiders.

Perimeter Solutions Price Performance

Shares of NYSE PRM remained flat at $15.29 during mid-day trading on Tuesday. 1,487,432 shares of the stock were exchanged, compared to its average volume of 998,654. The firm's fifty day moving average is $12.67 and its 200-day moving average is $11.64. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.23 and a quick ratio of 3.56. The company has a market capitalization of $2.26 billion, a PE ratio of 19.35 and a beta of 1.95. Perimeter Solutions, SA has a one year low of $7.63 and a one year high of $15.67.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.12. The company had revenue of $72.03 million during the quarter, compared to analysts' expectations of $75.00 million. Perimeter Solutions had a net margin of 23.23% and a negative return on equity of 4.33%. As a group, equities research analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Wall Street Analyst Weigh In

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

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.