Strs Ohio Invests $328,000 in Perimeter Solutions, SA $PRM

Key Points

• Strs Ohio has invested $328,000 in 32,600 shares of Perimeter Solutions, SA during the first quarter, as revealed in their 13F filing with the SEC.
• Several large institutional investors increased their stakes in Perimeter Solutions, with 89.93% of the company’s stock currently owned by institutional investors and hedge funds.
• Analysts have mixed ratings on Perimeter Solutions, with a consensus rating of "Buy" and an average price target of $22.50, reflecting an increase from previous targets.

Strs Ohio acquired a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,600 shares of the company's stock, valued at approximately $328,000.

Other large investors have also modified their holdings of the company. Quantinno Capital Management LP acquired a new stake in Perimeter Solutions during the fourth quarter worth $136,000. ProShare Advisors LLC lifted its holdings in shares of Perimeter Solutions by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 37,691 shares of the company's stock worth $482,000 after acquiring an additional 12,401 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Perimeter Solutions during the 4th quarter valued at about $258,000. Squarepoint Ops LLC bought a new stake in Perimeter Solutions in the fourth quarter valued at about $1,911,000. Finally, Voloridge Investment Management LLC raised its position in Perimeter Solutions by 26.6% in the fourth quarter. Voloridge Investment Management LLC now owns 174,651 shares of the company's stock worth $2,232,000 after purchasing an additional 36,652 shares in the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PRM shares. UBS Group lifted their price objective on Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Morgan Stanley upped their price target on Perimeter Solutions from $17.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, August 25th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $22.50.

Insider Activity at Perimeter Solutions

In other news, Director Vivek Raj sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $22.45, for a total transaction of $561,250.00. Following the sale, the director directly owned 121,701 shares of the company's stock, valued at $2,732,187.45. This represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was bought at an average price of $13.98 per share, with a total value of $3,559,308.00. Following the transaction, the insider directly owned 21,854,600 shares in the company, valued at $305,527,308. The trade was a 1.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 365,000 shares of company stock worth $8,127,250 in the last quarter. Insiders own 10.00% of the company's stock.

Perimeter Solutions Stock Up 1.6%

NYSE PRM opened at $22.31 on Wednesday. The stock's 50 day simple moving average is $19.39 and its 200 day simple moving average is $14.33. Perimeter Solutions, SA has a one year low of $8.76 and a one year high of $23.79. The firm has a market cap of $3.27 billion, a PE ratio of 51.88 and a beta of 2.00. 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 data 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 company had revenue of $162.64 million for the quarter, compared to analyst estimates of $108.91 million. As a group, sell-side analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.