Vanguard Group Inc. Sells 120,629 Shares of Perimeter Solutions, SA (NYSE:PRM)

Vanguard Group Inc. decreased its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,453,323 shares of the company's stock after selling 120,629 shares during the period. Vanguard Group Inc. owned about 2.20% of Perimeter Solutions worth $25,624,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Pennant Select LLC acquired a new position in Perimeter Solutions in the fourth quarter worth approximately $2,645,000. Wellington Management Group LLP increased its holdings in Perimeter Solutions by 6.7% in the fourth quarter. Wellington Management Group LLP now owns 1,551,489 shares of the company's stock worth $7,137,000 after buying an additional 97,372 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Perimeter Solutions during the first quarter worth approximately $423,000. Simplicity Wealth LLC bought a new stake in Perimeter Solutions during the first quarter worth approximately $138,000. Finally, Natixis Advisors L.P. boosted its position in Perimeter Solutions by 25.9% during the fourth quarter. Natixis Advisors L.P. now owns 57,820 shares of the company's stock worth $265,000 after purchasing an additional 11,911 shares during the period. Institutional investors and hedge funds own 89.93% of the company's stock.

Perimeter Solutions Stock Performance

Perimeter Solutions stock traded down $0.16 during trading hours on Friday, reaching $10.25. 493,730 shares of the company were exchanged, compared to its average volume of 911,375. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -44.57 and a beta of 1.97. The company has a current ratio of 3.61, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average of $8.32 and a 200 day moving average of $7.22. Perimeter Solutions, SA has a 12 month low of $2.79 and a 12 month high of $11.38.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.11. The firm had revenue of $127.28 million during the quarter, compared to analysts' expectations of $113.41 million. Perimeter Solutions had a positive return on equity of 2.94% and a negative net margin of 14.12%. During the same quarter in the prior year, the business earned ($0.05) earnings per share. As a group, research analysts anticipate that Perimeter Solutions, SA will post 0.33 earnings per share for the current year.

Insider Activity

In other Perimeter Solutions news, Director Jorge Valladares acquired 42,000 shares of Perimeter Solutions stock in a transaction dated Tuesday, June 11th. The stock was bought at an average cost of $7.15 per share, with a total value of $300,300.00. Following the completion of the transaction, the director now owns 14,000 shares of the company's stock, valued at $100,100. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is owned by company insiders.

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.