Perimeter Solutions, SA (NYSE:PRM) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. cut its position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 30.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,703,158 shares of the company's stock after selling 1,620,715 shares during the period. Brown Brothers Harriman & Co. owned 2.55% of Perimeter Solutions worth $49,807,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in shares of Perimeter Solutions during the 1st quarter valued at about $78,000. SG Americas Securities LLC acquired a new stake in Perimeter Solutions in the first quarter valued at approximately $86,000. Paloma Partners Management Co purchased a new stake in shares of Perimeter Solutions in the first quarter valued at approximately $87,000. Versor Investments LP acquired a new position in shares of Perimeter Solutions during the 2nd quarter worth approximately $102,000. Finally, Bayesian Capital Management LP lifted its position in shares of Perimeter Solutions by 40.1% during the 1st quarter. Bayesian Capital Management LP now owns 19,201 shares of the company's stock valued at $142,000 after buying an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company's stock.

Insider Activity

In related news, CEO Haitham Khouri sold 80,156 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $12.16, for a total transaction of $974,696.96. Following the completion of the sale, the chief executive officer now directly owns 249,833 shares in the company, valued at approximately $3,037,969.28. This trade represents a 24.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.70% of the company's stock.

Perimeter Solutions Price Performance

NYSE PRM traded down $0.02 during mid-day trading on Monday, hitting $13.11. The stock had a trading volume of 1,216,229 shares, compared to its average volume of 760,996. The firm's 50 day moving average is $13.07 and its 200 day moving average is $10.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -11.62 and a beta of 2.02. Perimeter Solutions, SA has a twelve month low of $3.84 and a twelve month high of $14.44.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share 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 business had revenue of $288.42 million during the quarter, compared to analysts' expectations of $265.30 million. During the same period in the prior year, the business posted $0.31 earnings per share. Equities research analysts forecast that Perimeter Solutions, SA will post 0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.