JPMorgan Chase & Co. Has $65.70 Million Holdings in Perimeter Solutions, SA (NYSE:PRM)

JPMorgan Chase & Co. trimmed its stake in Perimeter Solutions, SA (NYSE:PRM) by 45.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,884,988 shares of the company’s stock after selling 4,104,625 shares during the period. JPMorgan Chase & Co. owned about 3.34% of Perimeter Solutions worth $65,703,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PRM. Barclays PLC lifted its position in shares of Perimeter Solutions by 305.3% during the 3rd quarter. Barclays PLC now owns 206,967 shares of the company’s stock worth $2,784,000 after buying an additional 155,899 shares during the period. Orion Portfolio Solutions LLC bought a new stake in Perimeter Solutions in the third quarter valued at about $138,000. Zacks Investment Management raised its position in shares of Perimeter Solutions by 4.3% in the 3rd quarter. Zacks Investment Management now owns 309,579 shares of the company’s stock valued at $4,164,000 after acquiring an additional 12,860 shares during the period. DF Dent & Co. Inc. raised its holdings in Perimeter Solutions by 27.4% in the third quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock worth $31,499,000 after purchasing an additional 504,146 shares during the period. Finally, Quarry LP bought a new stake in shares of Perimeter Solutions in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Insider Buying and Selling

In other news, CEO Haitham Khouri sold 80,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total value of $964,000.00. Following the transaction, the chief executive officer now directly owns 429,989 shares of the company’s stock, valued at $5,181,367.45. This represents a 15.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tracy Britt Cool sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the sale, the director now owns 173,449 shares of the company’s stock, valued at $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 210,156 shares of company stock worth $2,579,197. Insiders own 8.70% of the company’s stock.

Perimeter Solutions Price Performance

Shares of PRM opened at $12.40 on Friday. The company has a 50 day moving average of $13.02 and a 200-day moving average of $11.47. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.81 billion, a P/E ratio of -10.97 and a beta of 1.93. Perimeter Solutions, SA has a twelve month low of $3.88 and a twelve month high of $14.44.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.22). The company had revenue of $288.42 million for the quarter, compared to the consensus estimate of $265.30 million. Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, equities research analysts forecast that Perimeter Solutions, SA will post -1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Morgan Stanley upped their price target on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, September 16th.

Perimeter Solutions Company 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.