Fmr LLC Has $4.14 Million Stock Holdings in Perimeter Solutions, SA (NYSE:PRM)

Fmr LLC increased its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 2,993.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 307,426 shares of the company’s stock after buying an additional 297,487 shares during the quarter. Fmr LLC’s holdings in Perimeter Solutions were worth $4,135,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Perimeter Solutions by 59.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock valued at $14,708,000 after purchasing an additional 698,622 shares during the last quarter. Maverick Capital Ltd. lifted its position in shares of Perimeter Solutions by 239.3% in the second quarter. Maverick Capital Ltd. now owns 227,477 shares of the company’s stock worth $1,781,000 after buying an additional 160,432 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Perimeter Solutions during the 3rd quarter worth about $945,000. American Century Companies Inc. raised its position in shares of Perimeter Solutions by 66.6% in the second quarter. American Century Companies Inc. now owns 123,252 shares of the company’s stock valued at $965,000 after purchasing an additional 49,251 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Perimeter Solutions by 1,523.9% during the second quarter. National Bank of Canada FI now owns 33,614 shares of the company’s stock valued at $254,000 after acquiring an additional 31,544 shares during the period. Institutional investors own 89.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PRM shares. UBS Group upped their price target on Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Morgan Stanley boosted their price objective on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, September 16th.

Insider Buying and Selling at Perimeter Solutions

In other news, CEO Haitham Khouri sold 80,156 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $12.16, for a total transaction of $974,696.96. Following the transaction, the chief executive officer now owns 249,833 shares of the company’s stock, valued at $3,037,969.28. This represents a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tracy Britt Cool sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the sale, the director now directly owns 173,449 shares of the company’s stock, valued at approximately $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 210,156 shares of company stock worth $2,579,197. 8.70% of the stock is currently owned by insiders.

Perimeter Solutions Trading Down 0.5 %

Shares of PRM stock opened at $12.82 on Friday. The company has a market capitalization of $1.87 billion, a P/E ratio of -11.35 and a beta of 1.93. Perimeter Solutions, SA has a 12-month low of $3.88 and a 12-month high of $14.44. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $13.07 and a 200 day moving average price of $10.90.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.22). The firm 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 quarter last year, the firm posted $0.31 EPS. Research analysts forecast that Perimeter Solutions, SA will post -1.1 earnings per share 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.