Weitz Investment Management Inc. boosted its holdings in Perimeter Solutions, SA (NYSE:PRM – Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,101,739 shares of the company’s stock after purchasing an additional 101,739 shares during the quarter. Weitz Investment Management Inc. owned approximately 1.34% of Perimeter Solutions worth $16,982,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRM. JPMorgan Chase & Co. boosted its stake in Perimeter Solutions by 84.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,366,044 shares of the company’s stock worth $58,185,000 after purchasing an additional 2,913,600 shares during the period. BlackRock Inc. boosted its position in shares of Perimeter Solutions by 37.5% during the 3rd quarter. BlackRock Inc. now owns 8,580,439 shares of the company’s stock valued at $68,729,000 after acquiring an additional 2,340,453 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of Perimeter Solutions by 15.6% during the 4th quarter. Select Equity Group L.P. now owns 16,039,616 shares of the company’s stock valued at $146,602,000 after acquiring an additional 2,162,351 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Perimeter Solutions by 170.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,211,298 shares of the company’s stock valued at $25,722,000 after acquiring an additional 2,025,116 shares during the last quarter. Finally, State Street Corp bought a new position in shares of Perimeter Solutions during the 2nd quarter valued at approximately $19,342,000. 94.04% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, Morgan Stanley reiterated an “overweight” rating and set a $12.00 target price on shares of Perimeter Solutions in a research report on Monday, July 31st.
Perimeter Solutions Stock Up 2.1 %
NYSE PRM opened at $5.36 on Friday. The stock has a 50 day moving average price of $5.68 and a 200-day moving average price of $6.61. Perimeter Solutions, SA has a one year low of $5.20 and a one year high of $11.25. The company has a market capitalization of $842.91 million, a P/E ratio of 12.18 and a beta of 1.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.49 and a current ratio of 3.94.
Perimeter Solutions (NYSE:PRM – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Perimeter Solutions had a negative return on equity of 5.18% and a net margin of 24.80%. The company had revenue of $76.14 million for the quarter, compared to analyst estimates of $94.20 million. As a group, equities analysts predict that Perimeter Solutions, SA will post -0.02 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.
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