Franklin Resources Inc. Purchases 34,057 Shares of Perimeter Solutions, SA (NYSE:PRM)

Franklin Resources Inc. grew its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 40.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,592 shares of the company's stock after acquiring an additional 34,057 shares during the period. Franklin Resources Inc. owned 0.08% of Perimeter Solutions worth $1,503,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PRM. McAdam LLC acquired a new stake in Perimeter Solutions during the 4th quarter worth approximately $131,000. Orion Portfolio Solutions LLC acquired a new stake in Perimeter Solutions during the third quarter worth approximately $138,000. Cibc World Markets Corp bought a new position in shares of Perimeter Solutions in the fourth quarter worth $160,000. Lingohr Asset Management GmbH acquired a new position in Perimeter Solutions in the fourth quarter valued at about $203,000. Finally, Fox Run Management L.L.C. bought a new stake in Perimeter Solutions during the fourth quarter worth about $227,000. Institutional investors own 89.93% of the company's stock.

Insider Buying and Selling

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the transaction, the director now directly owns 471,226 shares of the company's stock, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is owned by corporate insiders.

Perimeter Solutions Price Performance

NYSE:PRM traded down $0.10 on Friday, hitting $9.81. The company had a trading volume of 783,146 shares, compared to its average volume of 911,129. Perimeter Solutions, SA has a 52 week low of $6.84 and a 52 week high of $14.44. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -70.04 and a beta of 1.88. 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 firm has a 50 day moving average of $9.99 and a two-hundred day moving average of $11.92.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.21. The firm had revenue of $86.23 million during the quarter, compared to the consensus estimate of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. On average, research analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

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

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.