Senator Investment Group LP Decreases Stock Holdings in Perimeter Solutions, SA (NYSE:PRM)

Senator Investment Group LP trimmed its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 28.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,049,118 shares of the company's stock after selling 800,882 shares during the period. Senator Investment Group LP owned 1.40% of Perimeter Solutions worth $26,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. McAdam LLC bought a new stake in Perimeter Solutions during the fourth quarter worth $131,000. Tower Research Capital LLC TRC lifted its position in shares of Perimeter Solutions by 90.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock worth $136,000 after buying an additional 5,054 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in Perimeter Solutions by 14.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock valued at $151,000 after buying an additional 1,519 shares in the last quarter. Cibc World Markets Corp bought a new position in Perimeter Solutions in the fourth quarter valued at about $160,000. Finally, Summit Investment Advisors Inc. raised its stake in Perimeter Solutions by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 14,000 shares of the company's stock worth $179,000 after acquiring an additional 889 shares in the last quarter. 89.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Vivek Raj sold 250,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the transaction, the director now owns 471,226 shares in the company, valued at approximately $4,321,142.42. This represents a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.70% of the company's stock.

Perimeter Solutions Trading Down 0.4 %

PRM stock traded down $0.04 during trading on Friday, hitting $10.21. The company had a trading volume of 560,254 shares, compared to its average volume of 910,518. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a one year low of $6.94 and a one year high of $14.44. The business has a 50-day moving average of $9.81 and a 200-day moving average of $11.82. The stock has a market cap of $1.52 billion, a PE ratio of -72.92 and a beta of 1.88.

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

Analysts Set New Price Targets

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

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.