Perimeter Solutions, SA (NYSE:PRM) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its holdings in Perimeter Solutions, SA (NYSE:PRM) by 66.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,252 shares of the company’s stock after purchasing an additional 49,251 shares during the quarter. American Century Companies Inc. owned approximately 0.08% of Perimeter Solutions worth $965,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. ProShare Advisors LLC raised its stake in Perimeter Solutions by 7.3% during the first quarter. ProShare Advisors LLC now owns 27,126 shares of the company’s stock worth $201,000 after purchasing an additional 1,851 shares during the period. Simplicity Wealth LLC lifted its position in shares of Perimeter Solutions by 24.8% in the 2nd quarter. Simplicity Wealth LLC now owns 23,181 shares of the company’s stock worth $182,000 after buying an additional 4,600 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Perimeter Solutions by 12.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 44,713 shares of the company’s stock valued at $332,000 after acquiring an additional 4,996 shares during the period. Bayesian Capital Management LP boosted its position in Perimeter Solutions by 40.1% during the 1st quarter. Bayesian Capital Management LP now owns 19,201 shares of the company’s stock valued at $142,000 after purchasing an additional 5,500 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Perimeter Solutions by 15.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,511 shares of the company’s stock worth $323,000 after acquiring an additional 5,773 shares during the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PRM. Morgan Stanley raised their target price on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. UBS Group lifted their price target on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th.

Perimeter Solutions Trading Down 0.1 %

NYSE PRM opened at $13.43 on Wednesday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -58.39 and a beta of 2.00. The firm’s 50 day moving average price is $11.14 and its two-hundred day moving average price is $8.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 3.61. Perimeter Solutions, SA has a twelve month low of $2.79 and a twelve month high of $13.67.

Perimeter Solutions (NYSE:PRM) last issued its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.11. Perimeter Solutions had a negative net margin of 14.12% and a positive return on equity of 2.94%. The company had revenue of $127.28 million during the quarter, compared to analyst estimates of $113.41 million. During the same quarter last year, the business posted ($0.05) EPS. Equities analysts anticipate that Perimeter Solutions, SA will post 0.49 EPS for the current 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.