Perimeter Solutions, SA (NYSE:PRM) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,025,390 shares of the company's stock after purchasing an additional 327,210 shares during the quarter. Janus Henderson Group PLC owned about 2.07% of Perimeter Solutions worth $38,664,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Entropy Technologies LP purchased a new stake in shares of Perimeter Solutions in the 4th quarter valued at approximately $305,000. Barclays PLC boosted its stake in shares of Perimeter Solutions by 305.3% in the third quarter. Barclays PLC now owns 206,967 shares of the company's stock valued at $2,784,000 after purchasing an additional 155,899 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Perimeter Solutions in the fourth quarter valued at approximately $301,000. Bleakley Financial Group LLC grew its holdings in shares of Perimeter Solutions by 6.7% in the fourth 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, Cibc World Markets Corp purchased a new stake in Perimeter Solutions during the 4th quarter worth approximately $160,000. Hedge funds and other institutional investors own 89.93% of the company's stock.

Perimeter Solutions Price Performance

Shares of NYSE:PRM traded up $0.03 during midday trading on Tuesday, hitting $11.85. 139,207 shares of the stock were exchanged, compared to its average volume of 928,186. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.75 billion, a P/E ratio of -84.60 and a beta of 1.88. The company has a 50 day moving average price of $10.17 and a 200-day moving average price of $11.57. Perimeter Solutions, SA has a twelve month low of $7.00 and a twelve month high of $14.44.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.12. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The company had revenue of $72.03 million during the quarter, compared to analysts' expectations of $75.00 million. On average, research analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Vivek Raj sold 100,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $11.92, for a total value of $1,192,000.00. Following the completion of the sale, the director now owns 368,942 shares in the company, valued at approximately $4,397,788.64. This trade represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 352,284 shares of company stock valued at $3,512,410 over the last quarter. Company insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PRM shares. Morgan Stanley decreased their price target on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday. UBS Group raised Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price for the company in a research note on Wednesday, March 26th.

About Perimeter Solutions

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.