Perimeter Solutions, SA (NYSE:PRM) Shares Bought by XTX Topco Ltd

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 grew its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 254.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 110,363 shares of the company's stock after acquiring an additional 79,222 shares during the quarter. XTX Topco Ltd owned about 0.07% of Perimeter Solutions worth $1,111,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PRM. Vanguard Group Inc. lifted its position in shares of Perimeter Solutions by 136.8% during the 4th quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock worth $104,944,000 after buying an additional 4,744,069 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Perimeter Solutions during the 1st quarter worth $13,743,000. JPMorgan Chase & Co. raised its stake in Perimeter Solutions by 19.9% during the 4th quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock worth $74,847,000 after acquiring an additional 971,623 shares in the last quarter. Bessemer Group Inc. raised its stake in Perimeter Solutions by 10,103.3% during the 4th quarter. Bessemer Group Inc. now owns 923,811 shares of the company's stock worth $11,806,000 after acquiring an additional 914,757 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Perimeter Solutions by 22.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company's stock worth $39,789,000 after acquiring an additional 579,987 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Morgan Stanley cut their price target on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Wall Street Zen lowered shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, UBS Group upped their price target on shares of Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th.

Insiders Place Their Bets

In other Perimeter Solutions news, Director Vivek Raj sold 100,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $11.78, for a total transaction of $1,178,000.00. Following the completion of the transaction, the director owned 168,942 shares in the company, valued at approximately $1,990,136.76. This represents a 37.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of the business's stock in a transaction on Friday, June 27th. The shares were purchased at an average price of $13.98 per share, with a total value of $3,559,308.00. Following the transaction, the insider owned 21,854,600 shares in the company, valued at $305,527,308. The trade was a 1.18% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 303,094 shares of company stock valued at $3,587,021. 10.00% of the stock is owned by insiders.

Perimeter Solutions Price Performance

PRM stock traded up $0.15 on Monday, hitting $15.79. The company's stock had a trading volume of 606,694 shares, compared to its average volume of 1,111,728. The firm has a 50 day moving average of $14.53 and a two-hundred day moving average of $12.10. Perimeter Solutions, SA has a 1 year low of $8.26 and a 1 year high of $17.40. The company has a quick ratio of 3.56, a current ratio of 5.23 and a debt-to-equity ratio of 0.55.

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