Bank of New York Mellon Corp Raises Stock Position in Perimeter Solutions, SA (NYSE:PRM)

Bank of New York Mellon Corp increased its stake in Perimeter Solutions, SA (NYSE:PRM) by 21.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 442,278 shares of the company’s stock after purchasing an additional 79,241 shares during the period. Bank of New York Mellon Corp owned 0.30% of Perimeter Solutions worth $5,652,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Pennant Select LLC lifted its stake in Perimeter Solutions by 41.6% during the 3rd quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock valued at $10,948,000 after acquiring an additional 239,000 shares during the period. Entropy Technologies LP purchased a new stake in shares of Perimeter Solutions during the fourth quarter worth $305,000. Barclays PLC grew its holdings in shares of Perimeter Solutions by 305.3% during the third quarter. Barclays PLC now owns 206,967 shares of the company’s stock worth $2,784,000 after buying an additional 155,899 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Perimeter Solutions by 6.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock valued at $363,000 after acquiring an additional 1,778 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Perimeter Solutions by 2,993.1% during the 3rd quarter. FMR LLC now owns 307,426 shares of the company’s stock valued at $4,135,000 after acquiring an additional 297,487 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Perimeter Solutions Trading Up 1.8 %

Shares of PRM stock opened at $9.20 on Monday. The company’s 50-day moving average price is $11.61 and its 200-day moving average price is $12.38. Perimeter Solutions, SA has a twelve month low of $6.01 and a twelve month high of $14.44. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -65.67 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.21. The business had revenue of $86.23 million for the quarter, compared to analysts’ expectations of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. As a group, equities analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

About Perimeter Solutions

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.