Rhumbline Advisers Decreases Position in Perimeter Solutions, SA $PRM

Rhumbline Advisers lowered its stake in shares of Perimeter Solutions, SA (NYSE:PRM) by 6.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,299 shares of the company’s stock after selling 13,890 shares during the period. Rhumbline Advisers owned 0.13% of Perimeter Solutions worth $1,957,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Strs Ohio purchased a new stake in shares of Perimeter Solutions during the 1st quarter worth approximately $328,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Perimeter Solutions by 4.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,188 shares of the company’s stock valued at $3,305,000 after buying an additional 14,949 shares in the last quarter. TenCore Partners LP purchased a new position in Perimeter Solutions in the 1st quarter valued at approximately $3,174,000. Repertoire Partners LP purchased a new position in Perimeter Solutions in the 1st quarter valued at approximately $519,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Perimeter Solutions by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company’s stock valued at $801,000 after buying an additional 3,428 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Insider Activity

In other Perimeter Solutions news, insider Jeffrey Emery sold 300,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $22.28, for a total value of $6,684,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kyle Sable sold 40,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $22.05, for a total transaction of $882,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 365,000 shares of company stock worth $8,127,250 over the last ninety days. 10.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Perimeter Solutions Stock Performance

Perimeter Solutions stock opened at $21.59 on Thursday. The company has a quick ratio of 2.60, a current ratio of 4.04 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.16 billion, a PE ratio of 50.21 and a beta of 2.00. The firm has a fifty day simple moving average of $18.93 and a two-hundred day simple moving average of $13.95. Perimeter Solutions, SA has a twelve month low of $8.76 and a twelve month high of $23.79.

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

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.