JPMorgan Chase & Co. Has $65.70 Million Stock Holdings in Perimeter Solutions, SA (NYSE:PRM)

JPMorgan Chase & Co. lowered its stake in Perimeter Solutions, SA (NYSE:PRM) by 45.7% during the third quarter, Holdings Channel reports. The firm owned 4,884,988 shares of the company’s stock after selling 4,104,625 shares during the period. JPMorgan Chase & Co.’s holdings in Perimeter Solutions were worth $65,703,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of Perimeter Solutions by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 509,868 shares of the company’s stock valued at $3,992,000 after purchasing an additional 21,012 shares during the last quarter. Versor Investments LP acquired a new stake in Perimeter Solutions during the 2nd quarter worth approximately $102,000. National Bank of Canada FI grew its holdings in Perimeter Solutions by 1,523.9% during the 2nd quarter. National Bank of Canada FI now owns 33,614 shares of the company’s stock worth $254,000 after acquiring an additional 31,544 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Perimeter Solutions by 120.9% during the second quarter. Wedbush Securities Inc. now owns 47,074 shares of the company’s stock valued at $369,000 after acquiring an additional 25,765 shares during the last quarter. Finally, American Century Companies Inc. grew its stake 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 worth $965,000 after purchasing an additional 49,251 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Insider Transactions at Perimeter Solutions

In related news, CEO Haitham Khouri sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $12.05, for a total transaction of $964,000.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Tracy Britt Cool sold 50,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.81, for a total transaction of $640,500.00. Following the completion of the sale, the director now owns 173,449 shares of the company’s stock, valued at approximately $2,221,881.69. This represents a 22.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 210,156 shares of company stock valued at $2,579,197 over the last ninety days. 8.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley increased their price target on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, September 16th.

Perimeter Solutions Stock Down 2.3 %

Shares of NYSE:PRM opened at $12.40 on Friday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -10.97 and a beta of 1.93. The business’s 50-day moving average is $13.02 and its 200-day moving average is $11.47. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. Perimeter Solutions, SA has a 1 year low of $3.88 and a 1 year high of $14.44.

Perimeter Solutions (NYSE:PRM) last issued its 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). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The company had revenue of $288.42 million for the quarter, compared to the consensus estimate of $265.30 million. During the same period in the prior year, the company earned $0.31 earnings per share. Equities research analysts predict that Perimeter Solutions, SA will post -1.1 earnings per share 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.