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

Select Equity Group L.P. purchased a new stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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 SEC filing.

Several other large investors have also recently bought and sold shares of PRM. Comerica Bank bought a new position in shares of Perimeter Solutions during the fourth quarter worth approximately $38,000. McAdam LLC bought a new position in shares of Perimeter Solutions during the fourth quarter worth approximately $131,000. Quantinno Capital Management LP bought a new position in shares of Perimeter Solutions during the fourth quarter worth approximately $136,000. Tower Research Capital LLC TRC increased its holdings in shares of Perimeter Solutions by 90.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock worth $136,000 after purchasing an additional 5,054 shares during the period. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of Perimeter Solutions by 14.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock worth $151,000 after purchasing an additional 1,519 shares during the period. 89.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley reduced 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 report on Friday, May 16th. UBS Group upgraded shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target on the stock in a research report on Wednesday, March 26th. Finally, Wall Street Zen lowered shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Thursday.

Insider Buying and Selling at Perimeter Solutions

In related news, Director Vivek Raj sold 2,284 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.22, for a total transaction of $27,910.48. Following the sale, the director now directly owns 468,942 shares in the company, valued at approximately $5,730,471.24. This represents a 0.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 521,094 shares of company stock worth $5,505,121 over the last three months. 8.70% of the stock is currently owned by insiders.

Perimeter Solutions Stock Up 0.9%

Shares of NYSE PRM traded up $0.10 during mid-day trading on Thursday, reaching $11.80. 263,122 shares of the company's stock traded hands, compared to its average volume of 1,156,667. Perimeter Solutions, SA has a 1-year low of $7.00 and a 1-year high of $14.44. The stock has a market cap of $1.74 billion, a P/E ratio of -84.36 and a beta of 1.88. The business has a 50-day simple moving average of $10.27 and a 200 day simple moving average of $11.57. 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 (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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $75.00 million. On average, analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal 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.