Quantbot Technologies LP Raises Stock Position in Perimeter Solutions, SA $PRM

Key Points

• Quantbot Technologies LP significantly increased its holdings in Perimeter Solutions, SA by 453.8%, owning 128,804 shares worth approximately $1.3 million as of the end of the 1st quarter.
• Other institutional investors, including Raymond James Financial Inc. and Versor Investments LP, also boosted their stakes, indicating strong market interest in Perimeter Solutions.
• Perimeter Solutions posted higher than expected earnings with an EPS of $0.39, beating analysts' expectations of $0.28, and reporting revenue of $162.64 million for the quarter.

Quantbot Technologies LP grew its position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 453.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,804 shares of the company's stock after purchasing an additional 105,545 shares during the period. Quantbot Technologies LP owned approximately 0.09% of Perimeter Solutions worth $1,297,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Versor Investments LP grew its position in shares of Perimeter Solutions by 44.6% during the 1st quarter. Versor Investments LP now owns 28,630 shares of the company's stock valued at $288,000 after purchasing an additional 8,830 shares in the last quarter. Raymond James Financial Inc. grew its stake in Perimeter Solutions by 364.0% in the 1st quarter. Raymond James Financial Inc. now owns 926,084 shares of the company's stock worth $9,326,000 after buying an additional 726,484 shares in the last quarter. Fox Run Management L.L.C. grew its stake in Perimeter Solutions by 322.0% in the 1st quarter. Fox Run Management L.L.C. now owns 74,816 shares of the company's stock worth $753,000 after buying an additional 57,086 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Perimeter Solutions in the 1st quarter worth approximately $842,000. Finally, Nuveen LLC bought a new stake in shares of Perimeter Solutions in the 1st quarter worth approximately $3,515,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Perimeter Solutions Trading Up 0.5%

NYSE:PRM traded up $0.10 during midday trading on Wednesday, reaching $21.63. 769,327 shares of the stock traded hands, compared to its average volume of 1,161,034. The company has a fifty day moving average of $16.43 and a 200 day moving average of $12.74. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $21.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.60 and a current ratio of 4.04. The stock has a market capitalization of $3.17 billion, a P/E ratio of 50.30 and a beta of 1.96.

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, beating analysts' consensus estimates of $0.28 by $0.11. Perimeter Solutions had a net margin of 13.05% and a negative return on equity of 1.11%. The company had revenue of $162.64 million during the quarter, compared to analyst estimates of $108.91 million. On average, research analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Analyst Ratings Changes

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

Insider Transactions at Perimeter Solutions

In related news, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of Perimeter Solutions stock in a transaction on Friday, June 27th. The shares were acquired at an average cost of $13.98 per share, with a total value of $3,559,308.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 10.00% of the company's stock.

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.