Senator Investment Group LP Reduces Position in Perimeter Solutions, SA (NYSE:PRM)

Senator Investment Group LP cut its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 28.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,049,118 shares of the company's stock after selling 800,882 shares during the quarter. Senator Investment Group LP owned approximately 1.40% of Perimeter Solutions worth $26,188,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PRM. Entropy Technologies LP bought a new stake in Perimeter Solutions during the 4th quarter valued at approximately $305,000. Barclays PLC lifted its holdings in shares of Perimeter Solutions by 305.3% in the third quarter. Barclays PLC now owns 206,967 shares of the company's stock worth $2,784,000 after buying an additional 155,899 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Perimeter Solutions in the fourth quarter worth $301,000. Bleakley Financial Group LLC boosted its position in shares of Perimeter Solutions by 6.7% during the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock worth $363,000 after acquiring an additional 1,778 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in Perimeter Solutions during the fourth quarter valued at $160,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Perimeter Solutions

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

Perimeter Solutions Price Performance

NYSE:PRM traded down $0.04 during trading hours on Friday, reaching $10.21. The stock had a trading volume of 560,254 shares, compared to its average volume of 1,212,408. The stock has a market capitalization of $1.53 billion, a PE ratio of -72.92 and a beta of 1.88. Perimeter Solutions, SA has a 52 week low of $6.93 and a 52 week high of $14.44. The company has a 50 day moving average price of $9.84 and a two-hundred day moving average price of $11.84. 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 announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The company had revenue of $86.23 million for the quarter, compared to analysts' expectations of $77.01 million. As a group, sell-side analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Perimeter Solutions 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.