Perimeter Solutions, SA (NYSE:PRM) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lowered its position in Perimeter Solutions, SA (NYSE:PRM) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,759 shares of the company’s stock after selling 1,130 shares during the quarter. Arizona State Retirement System’s holdings in Perimeter Solutions were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in Perimeter Solutions by 136.5% in the fourth quarter. Quadrant Capital Group LLC now owns 5,540 shares of the company’s stock valued at $25,000 after purchasing an additional 3,198 shares during the period. Brown Advisory Inc. purchased a new stake in shares of Perimeter Solutions during the fourth quarter worth about $49,000. Dynamic Technology Lab Private Ltd increased its position in shares of Perimeter Solutions by 4.4% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 58,645 shares of the company’s stock worth $270,000 after acquiring an additional 2,462 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Perimeter Solutions during the fourth quarter worth about $77,000. Finally, RPO LLC purchased a new stake in shares of Perimeter Solutions during the fourth quarter worth about $81,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Price Performance

Shares of NYSE:PRM opened at $12.33 on Wednesday. Perimeter Solutions, SA has a 12 month low of $2.79 and a 12 month high of $12.59. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -53.61 and a beta of 2.00. The stock’s 50 day moving average price is $10.15 and its 200 day moving average price is $8.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.61 and a quick ratio of 1.87.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, August 1st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.03 by $0.11. The firm had revenue of $127.28 million for the quarter, compared to analysts’ expectations of $113.41 million. Perimeter Solutions had a positive return on equity of 2.94% and a negative net margin of 14.12%. During the same quarter in the previous year, the company earned ($0.05) earnings per share. Equities research analysts anticipate that Perimeter Solutions, SA will post 0.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PRM. UBS Group boosted their price objective on Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Morgan Stanley boosted their price objective on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Monday.

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.