AlphaQuest LLC Cuts Stock Position in Perimeter Solutions, SA $PRM

AlphaQuest LLC cut its holdings in Perimeter Solutions, SA (NYSE:PRM) by 88.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,989 shares of the company’s stock after selling 38,311 shares during the quarter. AlphaQuest LLC’s holdings in Perimeter Solutions were worth $50,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PRM. Tower Research Capital LLC TRC increased its position in shares of Perimeter Solutions by 90.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company’s stock valued at $136,000 after buying an additional 5,054 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of Perimeter Solutions by 13.6% in the fourth quarter. Susquehanna International Group LLP now owns 118,198 shares of the company’s stock valued at $1,511,000 after buying an additional 14,168 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Perimeter Solutions by 19.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,191 shares of the company’s stock valued at $668,000 after buying an additional 8,477 shares in the last quarter. Northern Trust Corp increased its position in shares of Perimeter Solutions by 10.1% in the fourth quarter. Northern Trust Corp now owns 1,318,105 shares of the company’s stock valued at $16,845,000 after buying an additional 120,615 shares in the last quarter. Finally, Comerica Bank purchased a new stake in shares of Perimeter Solutions in the fourth quarter valued at approximately $38,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the business’s stock in a transaction on Friday, June 27th. The stock was acquired at an average cost of $13.98 per share, with a total value of $3,559,308.00. Following the purchase, the insider directly owned 21,854,600 shares of the company’s stock, valued at $305,527,308. The trade was a 1.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen cut Perimeter Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Morgan Stanley boosted their price target on Perimeter Solutions from $17.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, August 25th. Finally, UBS Group boosted their price target on Perimeter Solutions from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Perimeter Solutions has a consensus rating of “Buy” and an average target price of $22.50.

Perimeter Solutions Stock Up 1.3%

Shares of PRM opened at $22.30 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.60 and a current ratio of 4.04. Perimeter Solutions, SA has a one year low of $8.76 and a one year high of $23.79. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 51.86 and a beta of 2.00. The stock has a 50 day moving average price of $17.64 and a 200 day moving average price of $13.24.

Perimeter Solutions (NYSE:PRM) last issued its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.11. Perimeter Solutions had a negative return on equity of 1.11% and a net margin of 13.05%.The company had revenue of $162.64 million during the quarter, compared to analysts’ expectations of $108.91 million. Equities research analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Perimeter Solutions Company 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.