Renaissance Technologies LLC Buys 131,900 Shares of Perimeter Solutions, SA (NYSE:PRM)

Renaissance Technologies LLC grew its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 1,319.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 141,900 shares of the company's stock after acquiring an additional 131,900 shares during the period. Renaissance Technologies LLC owned about 0.10% of Perimeter Solutions worth $1,813,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Perimeter Solutions by 136.8% in the 4th quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock worth $104,944,000 after purchasing an additional 4,744,069 shares during the period. Corient Private Wealth LLC acquired a new position in Perimeter Solutions in the fourth quarter valued at $41,780,000. JPMorgan Chase & Co. boosted its position in 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 during the last quarter. Catawba River Capital acquired a new stake in Perimeter Solutions during the 4th quarter worth about $7,658,000. Finally, Ieq Capital LLC acquired a new stake in Perimeter Solutions during the 4th quarter worth about $6,698,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group upgraded Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price on the stock in a research report on Wednesday, March 26th.

Insiders Place Their Bets

In other news, Director Vivek Raj sold 250,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the sale, the director now directly owns 471,226 shares of the company's stock, valued at $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.70% of the company's stock.

Perimeter Solutions Trading Up 1.3 %

Shares of NYSE:PRM traded up $0.13 during mid-day trading on Friday, hitting $10.35. The company had a trading volume of 116,198 shares, compared to its average volume of 909,902. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. Perimeter Solutions, SA has a one year low of $7.00 and a one year high of $14.44. The firm has a fifty day moving average price of $9.77 and a 200 day moving average price of $11.75. The company has a market capitalization of $1.54 billion, a PE ratio of -73.94 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.21. The firm had revenue of $86.23 million during the quarter, compared to the consensus estimate of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. As a group, research analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current year.

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.