Principal Financial Group Inc. lessened its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,533,725 shares of the company's stock after selling 49,130 shares during the period. Principal Financial Group Inc. owned about 7.20% of Perimeter Solutions worth $141,679,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Perimeter Solutions by 59.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company's stock valued at $14,708,000 after purchasing an additional 698,622 shares in the last quarter. DF Dent & Co. Inc. lifted its stake in Perimeter Solutions by 27.4% in the 3rd quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company's stock valued at $31,499,000 after buying an additional 504,146 shares in the last quarter. FMR LLC boosted its holdings in Perimeter Solutions by 2,993.1% in the 3rd quarter. FMR LLC now owns 307,426 shares of the company's stock worth $4,135,000 after buying an additional 297,487 shares during the last quarter. Pennant Select LLC increased its stake in Perimeter Solutions by 41.6% during the 3rd quarter. Pennant Select LLC now owns 814,000 shares of the company's stock worth $10,948,000 after buying an additional 239,000 shares in the last quarter. Finally, Maverick Capital Ltd. increased its stake in Perimeter Solutions by 239.3% during the 2nd quarter. Maverick Capital Ltd. now owns 227,477 shares of the company's stock worth $1,781,000 after buying an additional 160,432 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company's stock.
Perimeter Solutions Price Performance
Shares of NYSE PRM traded up $0.22 during mid-day trading on Friday, reaching $12.93. The company's stock had a trading volume of 3,060,993 shares, compared to its average volume of 786,032. The stock has a 50-day moving average of $13.08 and a two-hundred day moving average of $11.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The stock has a market capitalization of $1.89 billion, a P/E ratio of -11.44 and a beta of 1.93. Perimeter Solutions, SA has a 1-year low of $3.88 and a 1-year high of $14.44.
Perimeter Solutions (NYSE:PRM - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($1.22). The business had revenue of $288.42 million during the quarter, compared to analyst estimates of $265.30 million. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. During the same quarter in the previous year, the company posted $0.31 EPS. On average, equities research analysts anticipate that Perimeter Solutions, SA will post -1.1 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley lifted their price target on Perimeter Solutions from $14.00 to $18.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th.
View Our Latest Stock Analysis on PRM
Insider Activity at Perimeter Solutions
In other news, 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 transaction of $964,000.00. Following the completion of the sale, the chief executive officer now owns 429,989 shares in the company, valued at $5,181,367.45. This trade represents a 15.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total transaction of $640,500.00. Following the sale, the director now directly owns 173,449 shares in the company, valued at approximately $2,221,881.69. The trade was a 22.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 210,156 shares of company stock valued at $2,579,197. 8.70% of the stock is currently owned by insiders.
Perimeter Solutions Company Profile
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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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