XTX Topco Ltd Purchases 79,222 Shares of Perimeter Solutions, SA (NYSE:PRM)

Key Points

• XTX Topco Ltd has increased its stake in Perimeter Solutions, SA by 254.4% to own 110,363 shares, worth approximately $1.11 million based on its latest SEC filing.
• Several institutional investors have also boosted their positions in Perimeter Solutions, with Vanguard Group making a significant increase of 136.8% to own over 8.2 million shares.
• Analyst ratings have been mixed, with UBS upgrading their price target to $20.00 while Morgan Stanley and Wall Street Zen made downward adjustments and hold ratings, respectively.

XTX Topco Ltd raised its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 254.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,363 shares of the company's stock after purchasing an additional 79,222 shares during the quarter. XTX Topco Ltd owned approximately 0.07% of Perimeter Solutions worth $1,111,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in Perimeter Solutions by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 10,912,291 shares of the company's stock valued at $109,887,000 after purchasing an additional 218,002 shares during the last quarter. Vanguard Group Inc. raised its position in Perimeter Solutions by 136.8% in the 4th quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock valued at $104,944,000 after purchasing an additional 4,744,069 shares during the last quarter. JPMorgan Chase & Co. raised its position in Perimeter Solutions by 19.9% in the 4th quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock valued at $74,847,000 after purchasing an additional 971,623 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Perimeter Solutions by 22.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company's stock valued at $39,789,000 after purchasing an additional 579,987 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Perimeter Solutions by 12.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,025,390 shares of the company's stock valued at $38,664,000 after purchasing an additional 327,210 shares during the last quarter. Institutional investors own 89.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PRM shares. Morgan Stanley cut their price objective on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. UBS Group increased their price objective on Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the company's stock in a transaction on Friday, June 27th. The stock was bought at an average price of $13.98 per share, for a total transaction of $3,559,308.00. Following the transaction, the insider owned 21,854,600 shares of the company's stock, valued at approximately $305,527,308. The trade was a 1.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vivek Raj sold 32,000 shares of the company's stock in a transaction on 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 $797,144.40. The trade was a 31.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 303,094 shares of company stock valued at $3,587,021 in the last quarter. Corporate insiders own 10.00% of the company's stock.

Perimeter Solutions Trading Down 0.8%

PRM traded down $0.14 during mid-day trading on Wednesday, reaching $15.83. The stock had a trading volume of 570,533 shares, compared to its average volume of 1,135,124. The firm's fifty day simple moving average is $14.69 and its two-hundred day simple moving average is $12.14. The stock has a market capitalization of $2.34 billion, a P/E ratio of 20.02 and a beta of 1.96. Perimeter Solutions, SA has a 52 week low of $8.76 and a 52 week high of $17.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.56 and a current ratio of 5.23.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its 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. The company had revenue of $72.03 million during the quarter, compared to analysts' expectations of $75.00 million. Perimeter Solutions had a net margin of 23.23% and a negative return on equity of 4.33%. On average, equities analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

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.