The Manufacturers Life Insurance Company Sells 4,209 Shares of Perimeter Solutions, SA (NYSE:PRM)

The Manufacturers Life Insurance Company lessened its stake in Perimeter Solutions, SA (NYSE:PRM) by 7.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,854 shares of the company’s stock after selling 4,209 shares during the period. The Manufacturers Life Insurance Company’s holdings in Perimeter Solutions were worth $383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new position in Perimeter Solutions in the 1st quarter worth approximately $47,000. Lazard Asset Management LLC bought a new stake in shares of Perimeter Solutions in the 1st quarter valued at about $78,000. SG Americas Securities LLC bought a new stake in shares of Perimeter Solutions in the 1st quarter valued at about $86,000. Paloma Partners Management Co bought a new stake in shares of Perimeter Solutions in the 1st quarter valued at about $87,000. Finally, Versor Investments LP bought a new position in Perimeter Solutions in the 2nd quarter valued at about $102,000. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Trading Up 2.0 %

PRM opened at $13.41 on Thursday. Perimeter Solutions, SA has a 1-year low of $2.79 and a 1-year high of $13.67. The company has a current ratio of 3.61, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.95 billion, a P/E ratio of -58.28 and a beta of 2.02. The company has a fifty day moving average price of $11.89 and a two-hundred day moving average price of $9.26.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $127.28 million for the quarter, compared to analysts’ expectations of $113.41 million. During the same period in the previous year, the company earned ($0.05) earnings per share. Analysts predict that Perimeter Solutions, SA will post 0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PRM has been the topic of a number of analyst reports. Morgan Stanley increased their target price on shares of Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. UBS Group raised their price target on shares of Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 16th.

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.