Perimeter Solutions, SA (NYSE:PRM) Stock Holdings Trimmed by Rhumbline Advisers

Rhumbline Advisers reduced its position in Perimeter Solutions, SA (NYSE:PRM) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,437 shares of the company’s stock after selling 16,339 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of Perimeter Solutions worth $1,710,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC lifted its position in Perimeter Solutions by 7.3% in 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. Dynamic Technology Lab Private Ltd raised its stake in Perimeter Solutions by 4.4% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 58,645 shares of the company’s stock valued at $270,000 after purchasing an additional 2,462 shares during the period. Quadrant Capital Group LLC raised its stake in Perimeter Solutions by 136.5% during the 4th 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. Simplicity Wealth LLC raised its stake in Perimeter Solutions by 24.8% during the 2nd quarter. Simplicity Wealth LLC now owns 23,181 shares of the company’s stock valued at $182,000 after purchasing an additional 4,600 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in Perimeter Solutions by 12.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 44,713 shares of the company’s stock valued at $332,000 after purchasing an additional 4,996 shares during the period. 89.93% of the stock is owned by institutional investors.

Perimeter Solutions Price Performance

PRM stock opened at $12.51 on Friday. The company has a fifty day moving average price of $10.42 and a 200-day moving average price of $8.39. The company has a market capitalization of $1.82 billion, a P/E ratio of -54.39 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 debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 3.61.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings data 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 firm had revenue of $127.28 million during the quarter, compared to analysts’ expectations of $113.41 million. During the same period last year, the company earned ($0.05) earnings per share. As a group, equities analysts expect that Perimeter Solutions, SA will post 0.49 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on PRM. UBS Group raised their target price 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 raised their price target on shares of Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a research note 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.