2,943 Shares in Perimeter Solutions, SA (NYSE:PRM) Purchased by Comerica Bank

Comerica Bank acquired a new position in shares of Perimeter Solutions, SA (NYSE:PRM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,943 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Perimeter Solutions by 305.3% in the 3rd quarter. Barclays PLC now owns 206,967 shares of the company’s stock valued at $2,784,000 after acquiring an additional 155,899 shares during the period. SG Americas Securities LLC boosted its position in shares of Perimeter Solutions by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 58,733 shares of the company’s stock valued at $751,000 after acquiring an additional 10,348 shares during the period. McAdam LLC acquired a new stake in shares of Perimeter Solutions during the 4th quarter worth approximately $131,000. Bleakley Financial Group LLC boosted its holdings 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 valued at $363,000 after acquiring an additional 1,778 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in Perimeter Solutions in the 4th quarter valued at approximately $305,000. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Trading Down 0.7%

Shares of PRM opened at $11.81 on Tuesday. The business has a 50-day moving average of $10.17 and a 200 day moving average of $11.57. Perimeter Solutions, SA has a fifty-two week low of $7.00 and a fifty-two week high of $14.44. The firm has a market cap of $1.74 billion, a P/E ratio of -84.35 and a beta of 1.88. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91.

Perimeter Solutions (NYSE:PRM) last issued its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.12. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The business had revenue of $72.03 million during the quarter, compared to the consensus estimate of $75.00 million. As a group, research analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Activity

In other news, Director Vivek Raj sold 2,284 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total transaction of $27,910.48. Following the transaction, the director now directly owns 468,942 shares of the company’s stock, valued at approximately $5,730,471.24. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 352,284 shares of company stock worth $3,512,410. 8.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group upgraded 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. Morgan Stanley lowered their price target on Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday.

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.