Principal Financial Group Inc. lessened its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 0.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,533,725 shares of the company's stock after selling 49,130 shares during the quarter. Principal Financial Group Inc. owned about 7.25% of Perimeter Solutions worth $141,679,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Perimeter Solutions in the 1st quarter worth about $423,000. SG Americas Securities LLC bought a new position in Perimeter Solutions in the 1st quarter valued at approximately $86,000. Oppenheimer Asset Management Inc. lifted its position in Perimeter Solutions by 12.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 44,713 shares of the company's stock valued at $332,000 after acquiring an additional 4,996 shares in the last quarter. Sei Investments Co. boosted its stake in Perimeter Solutions by 14.3% during the 1st quarter. Sei Investments Co. now owns 143,207 shares of the company's stock valued at $1,063,000 after purchasing an additional 17,879 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Perimeter Solutions by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 27,126 shares of the company's stock worth $201,000 after purchasing an additional 1,851 shares in the last quarter. Institutional investors own 89.93% of the company's stock.
Perimeter Solutions Stock Performance
Perimeter Solutions stock traded up $0.01 during mid-day trading on Friday, reaching $13.97. 648,610 shares of the stock traded hands, compared to its average volume of 728,936. Perimeter Solutions, SA has a 12-month low of $3.06 and a 12-month high of $14.44. The business's 50-day moving average is $12.80 and its 200-day moving average is $9.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.61 and a quick ratio of 1.87. The stock has a market capitalization of $2.03 billion, a PE ratio of -34.89 and a beta of 2.02.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on PRM shares. Morgan Stanley upped their target price on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. UBS Group raised their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a "neutral" rating in a report on Friday, August 16th.
Read Our Latest Stock Analysis on Perimeter Solutions
Perimeter Solutions Profile
(
Free Report)
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.
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