UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 42,551 Shares of Perimeter Solutions, SA (NYSE:PRM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,320 shares of the company's stock after selling 42,551 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of Perimeter Solutions worth $3,353,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Versor Investments LP bought a new position in shares of Perimeter Solutions in the second quarter valued at approximately $102,000. Landscape Capital Management L.L.C. acquired a new stake in Perimeter Solutions during the 3rd quarter valued at $148,000. Jag Capital Management LLC bought a new position in Perimeter Solutions in the 3rd quarter valued at $158,000. CWM LLC boosted its stake in Perimeter Solutions by 22.8% in the third quarter. CWM LLC now owns 12,251 shares of the company's stock worth $165,000 after purchasing an additional 2,276 shares in the last quarter. Finally, Procyon Advisors LLC bought a new stake in shares of Perimeter Solutions during the third quarter worth $169,000. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Trading Down 0.5 %

Shares of NYSE PRM traded down $0.07 during midday trading on Friday, hitting $12.82. The stock had a trading volume of 707,260 shares, compared to its average volume of 756,505. The firm has a market cap of $1.87 billion, a P/E 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 company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The company's 50-day simple moving average is $13.07 and its 200 day simple moving average is $10.93.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced 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). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The firm had revenue of $288.42 million during the quarter, compared to analyst estimates of $265.30 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. Research analysts anticipate that Perimeter Solutions, SA will post -1.1 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on PRM shares. Morgan Stanley lifted their price target 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 upped their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th.

Insider Buying and Selling

In other news, Director Tracy Britt Cool sold 50,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Haitham Khouri sold 80,156 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $12.16, for a total value of $974,696.96. Following the completion of the sale, the chief executive officer now directly owns 249,833 shares of the company's stock, valued at approximately $3,037,969.28. This trade represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 210,156 shares of company stock valued at $2,579,197 over the last ninety days. Insiders own 8.70% of the company's stock.

About Perimeter Solutions

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.