Perimeter Solutions, SA $PRM Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 101.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166,187 shares of the company’s stock after buying an additional 83,581 shares during the quarter. Squarepoint Ops LLC’s holdings in Perimeter Solutions were worth $5,925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank boosted its stake in shares of Perimeter Solutions by 45.0% during the 1st quarter. Comerica Bank now owns 4,267 shares of the company’s stock worth $43,000 after acquiring an additional 1,324 shares in the last quarter. Royal Bank of Canada raised its holdings in Perimeter Solutions by 100.0% in the 1st quarter. Royal Bank of Canada now owns 80,608 shares of the company’s stock worth $812,000 after purchasing an additional 40,294 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Perimeter Solutions by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company’s stock worth $801,000 after purchasing an additional 3,428 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Perimeter Solutions by 4.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,188 shares of the company’s stock worth $3,305,000 after purchasing an additional 14,949 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in Perimeter Solutions during the second quarter worth approximately $2,128,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Analyst Ratings Changes

PRM has been the subject of several research analyst reports. Wall Street Zen downgraded Perimeter Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research lowered shares of Perimeter Solutions from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. CJS Securities assumed coverage on shares of Perimeter Solutions in a research report on Tuesday, June 9th. They set a “market outperform” rating and a $48.00 price objective for the company. Weiss Ratings downgraded shares of Perimeter Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Perimeter Solutions from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Perimeter Solutions has a consensus rating of “Hold” and an average price target of $41.75.

Insider Transactions at Perimeter Solutions

In other Perimeter Solutions news, major shareholder Windacre Partnership Llc sold 1,875,000 shares of Perimeter Solutions stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $33.90, for a total transaction of $63,562,500.00. Following the sale, the insider owned 16,148,621 shares of the company’s stock, valued at $547,438,251.90. The trade was a 10.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 5,705,979 shares of company stock worth $195,617,982. Insiders own 13.10% of the company’s stock.

Perimeter Solutions Stock Performance

NYSE PRM opened at $31.67 on Friday. The company has a market cap of $5.18 billion, a PE ratio of -14.20 and a beta of 1.90. The stock’s 50 day simple moving average is $33.03 and its 200-day simple moving average is $30.41. Perimeter Solutions, SA has a 1-year low of $19.70 and a 1-year high of $38.17. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 0.93.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). Perimeter Solutions had a positive return on equity of 19.15% and a negative net margin of 44.86%.The firm had revenue of $213.81 million for the quarter, compared to analysts’ expectations of $216.89 million. As a group, equities research analysts anticipate that Perimeter Solutions, SA will post 1.54 EPS for the current fiscal year.

Perimeter Solutions Profile

Perimeter Solutions, Inc is a specialty chemicals and fire-safety company that develops, manufactures and supplies products used in wildfire control, industrial fire protection and chemical applications. The company serves customers across North America and international markets through a portfolio of fire-safety and specialty chemical products.

Its fire-safety business provides firefighting foams, fire retardants and related solutions for wildland firefighting, aviation, military, industrial and municipal applications.