Fmr LLC Grows Stock Position in Perimeter Solutions, SA (NYSE:PRM)

FMR LLC raised its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 2,993.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 307,426 shares of the company's stock after buying an additional 297,487 shares during the quarter. FMR LLC owned about 0.21% of Perimeter Solutions worth $4,135,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in Perimeter Solutions in the third quarter valued at about $945,000. Dimensional Fund Advisors LP raised its stake in Perimeter Solutions by 59.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company's stock valued at $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% in the second quarter. Maverick Capital Ltd. now owns 227,477 shares of the company's stock valued at $1,781,000 after purchasing an additional 160,432 shares during the period. American Century Companies Inc. increased its holdings 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 valued at $965,000 after purchasing an additional 49,251 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Perimeter Solutions by 81.6% in the third quarter. SG Americas Securities LLC now owns 48,385 shares of the company's stock valued at $651,000 after purchasing an additional 21,735 shares during the period. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, Director Tracy Britt Cool sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total value of $640,500.00. Following the sale, the director now directly owns 173,449 shares of the company's stock, valued at approximately $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Haitham Khouri sold 80,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total value of $964,000.00. Following the completion of the sale, the chief executive officer now directly owns 429,989 shares in the company, valued at approximately $5,181,367.45. The trade was a 15.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 210,156 shares of company stock valued at $2,579,197. Company insiders own 8.70% of the company's stock.

Perimeter Solutions Stock Performance

Perimeter Solutions stock traded down $0.07 during midday trading on Friday, hitting $12.82. 707,260 shares of the company were exchanged, compared to its average volume of 756,505. The firm has a market capitalization of $1.87 billion, a PE ratio of -11.35 and a beta of 1.93. Perimeter Solutions, SA has a fifty-two week low of $3.88 and a fifty-two week high of $14.44. The business has a fifty day simple moving average of $13.07 and a two-hundred day simple moving average of $10.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.61 by ($1.22). The company had revenue of $288.42 million for the quarter, compared to analyst estimates of $265.30 million. Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. During the same period last year, the business earned $0.31 earnings per share. On average, sell-side analysts forecast that Perimeter Solutions, SA will post -1.1 earnings per share for the current year.

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.