Perimeter Solutions, SA (NYSE:PRM) Shares Purchased by Summit Global Investments

Summit Global Investments raised its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 58.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,523 shares of the company's stock after purchasing an additional 29,002 shares during the period. Summit Global Investments owned 0.05% of Perimeter Solutions worth $791,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Principal Financial Group Inc. increased its position in shares of Perimeter Solutions by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 10,694,289 shares of the company's stock worth $136,673,000 after purchasing an additional 160,564 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Perimeter Solutions by 136.8% during the fourth quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock worth $104,944,000 after purchasing an additional 4,744,069 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Perimeter Solutions by 19.9% during the fourth quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock worth $74,847,000 after purchasing an additional 971,623 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of Perimeter Solutions during the fourth quarter worth $41,780,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Perimeter Solutions by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company's stock valued at $39,789,000 after buying an additional 579,987 shares during the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PRM. Morgan Stanley dropped their price objective on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. UBS Group raised shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective on the stock in a report on Wednesday, March 26th. Finally, Wall Street Zen lowered shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 2,284 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $12.22, for a total value of $27,910.48. Following the sale, the director now directly owns 468,942 shares of the company's stock, valued at approximately $5,730,471.24. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 553,094 shares of company stock valued at $5,879,521. 10.00% of the stock is owned by insiders.

Perimeter Solutions Stock Performance

NYSE:PRM traded down $0.13 during mid-day trading on Wednesday, hitting $12.27. The company's stock had a trading volume of 398,922 shares, compared to its average volume of 942,099. Perimeter Solutions, SA has a 1 year low of $7.00 and a 1 year high of $14.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -87.64 and a beta of 1.88. The business's fifty day moving average is $10.74 and its two-hundred day moving average is $11.48.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.12. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The company had revenue of $72.03 million for the quarter, compared to analyst estimates of $75.00 million. Analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal 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.