Wellington Management Group LLP Reduces Stock Position in Perimeter Solutions, SA (NYSE:PRM)

Wellington Management Group LLP decreased its position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 844,031 shares of the company's stock after selling 101,763 shares during the quarter. Wellington Management Group LLP owned about 0.56% of Perimeter Solutions worth $10,787,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PRM. Entropy Technologies LP bought a new position in Perimeter Solutions during the fourth quarter worth $305,000. Barclays PLC lifted its holdings in shares of Perimeter Solutions by 305.3% in the 3rd quarter. Barclays PLC now owns 206,967 shares of the company's stock worth $2,784,000 after purchasing an additional 155,899 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Perimeter Solutions in the 4th quarter valued at $301,000. Bleakley Financial Group LLC increased its stake in Perimeter Solutions by 6.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock valued at $363,000 after purchasing an additional 1,778 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Perimeter Solutions by 47.6% during the fourth quarter. Deutsche Bank AG now owns 119,207 shares of the company's stock worth $1,523,000 after buying an additional 38,428 shares during the last quarter. Institutional investors own 89.93% of the company's stock.

Insider Activity at Perimeter Solutions

In related news, Director Vivek Raj sold 2,284 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was 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 in the company, valued at approximately $5,730,471.24. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 553,094 shares of company stock worth $5,879,521. Insiders own 10.00% of the company's stock.

Perimeter Solutions Stock Down 1.1%

NYSE:PRM traded down $0.14 during trading hours on Wednesday, hitting $12.26. 1,021,604 shares of the company traded hands, compared to its average volume of 944,370. The firm's 50-day simple moving average is $10.74 and its 200-day simple moving average is $11.48. The company has a market cap of $1.81 billion, a PE ratio of -87.57 and a beta of 1.88. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a one year low of $7.00 and a one year high of $14.44.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $72.03 million for the quarter, compared to analysts' expectations of $75.00 million. Equities analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group upgraded shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective for the company in a report on Wednesday, March 26th. Wall Street Zen downgraded Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley decreased their price objective on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 16th.

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.