Perimeter Solutions, SA (NYSE:PRM) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 844,031 shares of the company's stock after selling 101,763 shares during the period. Wellington Management Group LLP owned approximately 0.58% of Perimeter Solutions worth $10,787,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PRM. Entropy Technologies LP purchased a new position in shares of Perimeter Solutions in the 4th quarter worth about $305,000. Barclays PLC increased its position 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 acquiring an additional 155,899 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Perimeter Solutions in the 4th quarter valued at $301,000. Bleakley Financial Group LLC lifted its holdings in shares of Perimeter Solutions by 6.7% during the 4th 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 in the last quarter. Finally, FMR LLC lifted its holdings in shares of Perimeter Solutions by 2,993.1% during the 3rd quarter. FMR LLC now owns 307,426 shares of the company's stock valued at $4,135,000 after acquiring an additional 297,487 shares in the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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Perimeter Solutions Stock Down 0.6 %

Shares of PRM stock traded down $0.06 on Tuesday, hitting $9.92. The stock had a trading volume of 112,550 shares, compared to its average volume of 904,497. The stock's 50 day moving average is $10.16 and its 200-day moving average is $12.00. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -70.85 and a beta of 1.88. Perimeter Solutions, SA has a 52-week low of $6.84 and a 52-week high of $14.44. 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 earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The company had revenue of $86.23 million during the quarter, compared to the consensus estimate of $77.01 million. As a group, research analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Vivek Raj sold 250,000 shares of the stock in a transaction dated 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 transaction, the director now owns 471,226 shares of the company's stock, valued at approximately $4,321,142.42. This trade represents a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.70% of the stock is owned by company 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.