Select Equity Group L.P. Buys Shares of 269,041 Perimeter Solutions, SA (NYSE:PRM)

Select Equity Group L.P. bought a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 269,041 shares of the company's stock, valued at approximately $3,438,000. Select Equity Group L.P. owned 0.18% of Perimeter Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Entropy Technologies LP purchased a new position in Perimeter Solutions in the fourth quarter valued at $305,000. Barclays PLC boosted its holdings in 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 in the last quarter. Proficio Capital Partners LLC acquired a new stake in Perimeter Solutions during the fourth quarter worth approximately $301,000. Bleakley Financial Group LLC lifted its position in shares of Perimeter Solutions by 6.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock worth $363,000 after buying an additional 1,778 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Perimeter Solutions in the 4th quarter valued at $160,000. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Vivek Raj sold 250,000 shares of the stock in a transaction that occurred 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 directly owns 471,226 shares of the company's stock, valued at approximately $4,321,142.42. This represents a 34.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 521,094 shares of company stock valued at $5,505,121. Insiders own 8.70% of the company's stock.

Perimeter Solutions Stock Performance

NYSE:PRM traded up $0.01 during trading hours on Tuesday, reaching $11.83. 804,132 shares of the company's stock were exchanged, compared to its average volume of 931,631. Perimeter Solutions, SA has a 1-year low of $7.00 and a 1-year high of $14.44. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -84.49 and a beta of 1.88. The company has a 50-day moving average of $10.17 and a 200 day moving average of $11.57.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The business had revenue of $72.03 million during the quarter, compared to analysts' expectations of $75.00 million. Research analysts anticipate 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.