JPMorgan Chase & Co. Boosts Stock Holdings in Perimeter Solutions, SA (NYSE:PRM)

JPMorgan Chase & Co. boosted its position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,856,611 shares of the company's stock after purchasing an additional 971,623 shares during the quarter. JPMorgan Chase & Co. owned approximately 4.01% of Perimeter Solutions worth $74,847,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PRM. Entropy Technologies LP purchased a new stake in shares of Perimeter Solutions in the 4th quarter worth about $305,000. Barclays PLC raised its position in Perimeter Solutions by 305.3% during the third quarter. Barclays PLC now owns 206,967 shares of the company's stock worth $2,784,000 after acquiring an additional 155,899 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Perimeter Solutions during the fourth quarter worth about $301,000. Bleakley Financial Group LLC lifted its holdings in shares of Perimeter Solutions by 6.7% in the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock valued at $363,000 after purchasing an additional 1,778 shares in the last quarter. Finally, FMR LLC grew its position in shares of Perimeter Solutions by 2,993.1% in the third quarter. FMR LLC now owns 307,426 shares of the company's stock valued at $4,135,000 after purchasing an additional 297,487 shares during the last quarter. Institutional investors and hedge funds own 89.93% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective for the company in a research report on Wednesday, March 26th.

Remove Ads

Insider Activity at Perimeter Solutions

In related news, Director Vivek Raj sold 250,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the transaction, the director now directly owns 471,226 shares in the company, valued at approximately $4,321,142.42. This represents a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.70% of the company's stock.

Perimeter Solutions Price Performance

Shares of NYSE:PRM traded down $0.27 on Tuesday, hitting $9.22. The company had a trading volume of 1,693,056 shares, compared to its average volume of 897,923. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.38 billion, a PE ratio of -65.82 and a beta of 1.88. Perimeter Solutions, SA has a 52-week low of $6.84 and a 52-week high of $14.44. The business has a 50 day moving average of $10.39 and a 200 day moving average of $12.11.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The company had revenue of $86.23 million for the quarter, compared to analyst estimates of $77.01 million. As a group, equities analysts anticipate that Perimeter Solutions, SA will post 0.71 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.