Weitz Investment Management Inc. Sells 217,209 Shares of Perimeter Solutions, SA (NYSE:PRM)

Weitz Investment Management Inc. lessened its stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,107,291 shares of the company's stock after selling 217,209 shares during the period. Weitz Investment Management Inc. owned 1.44% of Perimeter Solutions worth $26,931,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Perimeter Solutions by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 10,694,289 shares of the company's stock worth $136,673,000 after buying an additional 160,564 shares during the last quarter. Vanguard Group Inc. lifted its stake in Perimeter Solutions by 136.8% in the fourth quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock valued at $104,944,000 after buying an additional 4,744,069 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Perimeter Solutions by 19.9% in the 4th quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock worth $74,847,000 after purchasing an additional 971,623 shares during the period. Corient Private Wealth LLC bought a new position in shares of Perimeter Solutions during the fourth quarter worth about $41,780,000. Finally, DF Dent & Co. Inc. lifted its position in shares of Perimeter Solutions by 27.4% in the third quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company's stock worth $31,499,000 after purchasing an additional 504,146 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company's stock.

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Perimeter Solutions Stock Performance

Shares of PRM stock traded down $0.65 on Thursday, hitting $9.85. The company's stock had a trading volume of 1,378,831 shares, compared to its average volume of 883,967. Perimeter Solutions, SA has a fifty-two week low of $6.84 and a fifty-two week high of $14.44. The stock's 50 day moving average is $10.68 and its 200-day moving average is $12.19. The company has a market capitalization of $1.47 billion, a PE ratio of -70.32 and a beta of 1.93. 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.21. The company had revenue of $86.23 million during the quarter, compared to analysts' expectations of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. Equities research analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director Vivek Raj sold 250,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.17, for a total value of $2,292,500.00. Following the transaction, the director now owns 471,226 shares in the company, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.70% of the stock is owned by corporate insiders.

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.