Equitable Trust Co. Decreases Position in Perimeter Solutions, SA (NYSE:PRM)

Equitable Trust Co. decreased its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,046,052 shares of the company's stock after selling 59,299 shares during the period. Perimeter Solutions makes up approximately 1.8% of Equitable Trust Co.'s investment portfolio, making the stock its 11th largest position. Equitable Trust Co. owned about 1.41% of Perimeter Solutions worth $27,519,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Perimeter Solutions by 59.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company's stock worth $14,708,000 after buying an additional 698,622 shares during the last quarter. Maverick Capital Ltd. increased its holdings in shares of Perimeter Solutions by 239.3% during the 2nd 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. Senator Investment Group LP increased its holdings in shares of Perimeter Solutions by 5.7% during the 1st quarter. Senator Investment Group LP now owns 2,114,300 shares of the company's stock worth $15,688,000 after buying an additional 114,300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Perimeter Solutions during the 1st quarter worth approximately $423,000. Finally, American Century Companies Inc. increased its holdings in shares of Perimeter Solutions by 66.6% during the 2nd quarter. American Century Companies Inc. now owns 123,252 shares of the company's stock worth $965,000 after buying an additional 49,251 shares during the last quarter. Institutional investors and hedge funds own 89.93% of the company's stock.

Perimeter Solutions Stock Up 0.1 %

PRM stock traded up $0.01 during midday trading on Friday, hitting $13.97. The company's stock had a trading volume of 648,610 shares, compared to its average volume of 728,936. The company has a quick ratio of 1.87, a current ratio of 3.61 and a debt-to-equity ratio of 0.63. Perimeter Solutions, SA has a 52-week low of $3.06 and a 52-week high of $14.44. The firm has a market capitalization of $2.03 billion, a P/E ratio of -34.89 and a beta of 2.02. The firm has a 50-day simple moving average of $12.80 and a 200-day simple moving average of $9.98.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PRM shares. Morgan Stanley increased their price objective 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. UBS Group increased 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.

Perimeter Solutions Company 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.