Northern Trust Corp Purchases 120,615 Shares of Perimeter Solutions, SA (NYSE:PRM)

Northern Trust Corp lifted its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,318,105 shares of the company's stock after purchasing an additional 120,615 shares during the period. Northern Trust Corp owned about 0.90% of Perimeter Solutions worth $16,845,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Perimeter Solutions by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 10,694,289 shares of the company's stock worth $136,673,000 after purchasing an additional 160,564 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Perimeter Solutions by 136.8% during the fourth quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock valued at $104,944,000 after acquiring an additional 4,744,069 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Perimeter Solutions by 19.9% during 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 in the last quarter. Corient Private Wealth LLC purchased a new stake in Perimeter Solutions in the fourth quarter worth $41,780,000. Finally, Dimensional Fund Advisors LP grew its stake in Perimeter Solutions by 22.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company's stock worth $39,789,000 after purchasing an additional 579,987 shares during the period. 89.93% of the stock is currently owned by institutional investors.

Insider Transactions at Perimeter Solutions

In related news, Director Vivek Raj sold 250,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the transaction, the director now owns 471,226 shares in the company, valued at $4,321,142.42. The trade was a 34.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 352,284 shares of company stock worth $3,512,410. 8.70% of the stock is currently owned by company insiders.

Perimeter Solutions Stock Performance

Shares of NYSE PRM traded up $0.04 during trading on Tuesday, hitting $11.86. The company had a trading volume of 18,733 shares, compared to its average volume of 927,825. The stock has a 50 day simple moving average of $10.17 and a 200 day simple moving average of $11.57. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. Perimeter Solutions, SA has a 12 month low of $7.00 and a 12 month high of $14.44. The firm has a market capitalization of $1.75 billion, a P/E ratio of -84.59 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $75.00 million. As a group, analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PRM shares. Morgan Stanley cut their target price on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday. UBS Group raised Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective on the stock in a research report 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.