Victory Capital Management Inc. Boosts Holdings in Perimeter Solutions, SA (NYSE:PRM)

Key Points

• Victory Capital Management Inc. increased its holdings in Perimeter Solutions, SA by 73.9%, owning 133,869 shares valued at approximately $1.35 million as of the latest SEC filing.
• Brokerages have given mixed ratings to Perimeter Solutions; UBS Group raised its price target to $20.00 while Wall Street Zen downgraded their rating from "buy" to "hold."
• Insider trading activity includes a significant purchase of 254,600 shares by major shareholder Windacre Partnership Master Fu, while Director Vivek Raj sold 32,000 shares recently.

Victory Capital Management Inc. boosted its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 73.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 133,869 shares of the company's stock after acquiring an additional 56,867 shares during the period. Victory Capital Management Inc. owned 0.09% of Perimeter Solutions worth $1,348,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Perimeter Solutions by 136.8% during the 4th quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock valued at $104,944,000 after buying an additional 4,744,069 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Perimeter Solutions by 19.9% in the fourth 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. Bessemer Group Inc. boosted its position in shares of Perimeter Solutions by 10,103.3% in the fourth quarter. Bessemer Group Inc. now owns 923,811 shares of the company's stock valued at $11,806,000 after acquiring an additional 914,757 shares during the period. Dimensional Fund Advisors LP grew its stake in 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 acquiring an additional 579,987 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Perimeter Solutions by 752.4% during the 4th quarter. AQR Capital Management LLC now owns 636,144 shares of the company's stock worth $8,130,000 after acquiring an additional 561,515 shares during the period. 89.93% of the stock is owned by hedge funds and other institutional investors.

Perimeter Solutions Price Performance

PRM traded down $0.50 on Friday, reaching $15.63. The company had a trading volume of 1,103,299 shares, compared to its average volume of 1,056,563. The business has a 50 day simple moving average of $14.45 and a 200 day simple moving average of $12.10. Perimeter Solutions, SA has a 52-week low of $8.26 and a 52-week high of $17.40. The company has a current ratio of 5.23, a quick ratio of 3.56 and a debt-to-equity ratio of 0.55.

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

Analysts Set New Price Targets

PRM has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 16th. UBS Group lifted their price objective on Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th.

Insider Activity

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu acquired 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, with a total value of $3,559,308.00. Following the purchase, the insider owned 21,854,600 shares of the company's stock, valued at approximately $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 SEC, which is available at this link. Also, Director Vivek Raj sold 32,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $11.70, for a total transaction of $374,400.00. Following the sale, the director owned 68,132 shares of the company's stock, valued at approximately $797,144.40. The trade was a 31.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 303,094 shares of company stock valued at $3,587,021. Corporate insiders own 10.00% of the company's stock.

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.