Perimeter Solutions, SA (NYSE:PRM) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Perimeter Solutions, SA (NYSE:PRM) by 59.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,878,518 shares of the company’s stock after purchasing an additional 698,622 shares during the period. Dimensional Fund Advisors LP owned about 1.29% of Perimeter Solutions worth $14,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Pennant Investors LP boosted its position in Perimeter Solutions by 43.8% during the fourth quarter. Pennant Investors LP now owns 2,300,000 shares of the company’s stock worth $10,580,000 after purchasing an additional 700,000 shares in the last quarter. Pennant Select LLC acquired a new position in shares of Perimeter Solutions during the 4th quarter worth approximately $2,645,000. CenterBook Partners LP lifted its position in shares of Perimeter Solutions by 278.8% during the 4th quarter. CenterBook Partners LP now owns 393,127 shares of the company’s stock valued at $1,808,000 after buying an additional 289,348 shares in the last quarter. Senator Investment Group LP grew its stake in Perimeter Solutions by 5.7% in the 1st quarter. Senator Investment Group LP now owns 2,114,300 shares of the company’s stock valued at $15,688,000 after acquiring an additional 114,300 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Perimeter Solutions by 6.7% in the 4th quarter. Wellington Management Group LLP now owns 1,551,489 shares of the company’s stock worth $7,137,000 after acquiring an additional 97,372 shares in the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PRM has been the topic of several research analyst reports. UBS Group lifted their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research 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 company an “overweight” rating in a research note on Monday, September 16th.

Perimeter Solutions Stock Up 0.2 %

Shares of PRM opened at $13.07 on Friday. The stock has a 50 day moving average price of $11.40 and a 200 day moving average price of $8.91. Perimeter Solutions, SA has a one year low of $2.79 and a one year high of $13.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 3.61. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -56.83 and a beta of 2.02.

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