Quantbot Technologies LP Purchases New Shares in Perimeter Solutions, SA (NYSE:PRM)

Quantbot Technologies LP acquired a new position in Perimeter Solutions, SA (NYSE:PRM) in the third quarter, Holdings Channel reports. The fund acquired 42,793 shares of the company’s stock, valued at approximately $576,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PRM. CWM LLC grew its holdings in shares of Perimeter Solutions by 22.8% in the third quarter. CWM LLC now owns 12,251 shares of the company’s stock valued at $165,000 after acquiring an additional 2,276 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Perimeter Solutions by 14.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 26,602 shares of the company’s stock valued at $358,000 after purchasing an additional 3,421 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Perimeter Solutions by 2.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 139,335 shares of the company’s stock valued at $1,874,000 after purchasing an additional 3,544 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Perimeter Solutions by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 64,923 shares of the company’s stock worth $873,000 after purchasing an additional 3,595 shares during the period. Finally, Simplicity Wealth LLC boosted its holdings in shares of Perimeter Solutions by 24.8% in the 2nd quarter. Simplicity Wealth LLC now owns 23,181 shares of the company’s stock worth $182,000 after buying an additional 4,600 shares during the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Analyst Ratings Changes

PRM has been the topic of a number of research analyst reports. UBS Group boosted their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Morgan Stanley increased their price objective on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, September 16th.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the completion of the transaction, the director now owns 173,449 shares of the company’s stock, valued at $2,221,881.69. The trade was a 22.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Haitham Khouri sold 80,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total value of $964,000.00. Following the sale, the chief executive officer now owns 429,989 shares in the company, valued at approximately $5,181,367.45. This represents a 15.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 210,156 shares of company stock valued at $2,579,197 in the last 90 days. 8.70% of the stock is currently owned by company insiders.

Perimeter Solutions Trading Up 0.7 %

Shares of Perimeter Solutions stock opened at $12.89 on Tuesday. The stock has a market capitalization of $1.88 billion, a P/E ratio of -11.33 and a beta of 2.02. Perimeter Solutions, SA has a 52-week low of $3.84 and a 52-week high of $14.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The stock’s 50-day simple moving average is $13.11 and its 200 day simple moving average is $10.59.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.22). The business had revenue of $288.42 million during the quarter, compared to the consensus estimate of $265.30 million. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. During the same period last year, the firm earned $0.31 EPS. As a group, research analysts anticipate that Perimeter Solutions, SA will post 0.62 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.