Oppenheimer Asset Management Inc. Buys 5,933 Shares of Perimeter Solutions, SA (NYSE:PRM)

Oppenheimer Asset Management Inc. grew its stake in Perimeter Solutions, SA (NYSE:PRM) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,646 shares of the company’s stock after acquiring an additional 5,933 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Perimeter Solutions were worth $397,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in shares of 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 acquiring an additional 3,198 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Perimeter Solutions during the 1st quarter valued at about $47,000. Brown Advisory Inc. bought a new stake in shares of Perimeter Solutions in the 4th quarter valued at about $49,000. Aigen Investment Management LP purchased a new stake in shares of Perimeter Solutions in the 4th quarter worth approximately $77,000. Finally, Lazard Asset Management LLC bought a new position in shares of Perimeter Solutions during the first quarter valued at approximately $78,000. 89.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on PRM. Morgan Stanley upped their target price on Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. UBS Group upped their price objective on Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th.

Perimeter Solutions Trading Down 1.3 %

NYSE PRM opened at $12.50 on Friday. The firm has a market cap of $1.82 billion, a PE ratio of -54.35 and a beta of 2.00. Perimeter Solutions, SA has a 52 week low of $2.79 and a 52 week high of $12.75. The company has a quick ratio of 1.87, a current ratio of 3.61 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $10.51 and a 200 day moving average price of $8.45.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.03 by $0.11. The firm had revenue of $127.28 million during the quarter, compared to analyst estimates 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 prior year, the business posted ($0.05) EPS. As a group, sell-side analysts forecast that Perimeter Solutions, SA will post 0.49 EPS for the current fiscal year.

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.