Vanguard Group Inc. Has $104.94 Million Holdings in Perimeter Solutions, SA (NYSE:PRM)

Vanguard Group Inc. grew its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 136.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,211,593 shares of the company's stock after buying an additional 4,744,069 shares during the quarter. Vanguard Group Inc. owned 5.62% of Perimeter Solutions worth $104,944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Entropy Technologies LP acquired a new position in Perimeter Solutions during the fourth quarter valued at approximately $305,000. Barclays PLC lifted its position in shares of Perimeter Solutions by 305.3% during the 3rd quarter. Barclays PLC now owns 206,967 shares of the company's stock worth $2,784,000 after buying an additional 155,899 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Perimeter Solutions in the fourth quarter valued at about $301,000. Bleakley Financial Group LLC grew its position in Perimeter Solutions by 6.7% in the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock valued at $363,000 after acquiring an additional 1,778 shares during the last quarter. Finally, FMR LLC increased its position in Perimeter Solutions by 2,993.1% during the 3rd quarter. FMR LLC now owns 307,426 shares of the company's stock worth $4,135,000 after purchasing an additional 297,487 shares in the last quarter. Institutional investors own 89.93% of the company's stock.

Analysts Set New Price Targets

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

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Insider Transactions at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the sale, the director now directly owns 471,226 shares in the company, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.70% of the stock is owned by corporate insiders.

Perimeter Solutions Trading Down 0.6 %

PRM traded down $0.06 during trading on Tuesday, reaching $9.93. 91,560 shares of the company's stock were exchanged, compared to its average volume of 1,233,453. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a one year low of $6.84 and a one year high of $14.44. The firm has a fifty day moving average price of $10.16 and a two-hundred day moving average price of $12.00. The stock has a market capitalization of $1.49 billion, a PE ratio of -70.89 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.21. The business 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%. As a group, equities research analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

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.