Perimeter Solutions, SA (NYSE:PRM) Stake Boosted by Creative Planning

Creative Planning increased its stake in Perimeter Solutions, SA (NYSE:PRM) by 25.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,443 shares of the company’s stock after purchasing an additional 7,006 shares during the quarter. Creative Planning’s holdings in Perimeter Solutions were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. 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 Perimeter Solutions in the first quarter valued at $78,000. SG Americas Securities LLC bought a new stake in Perimeter Solutions in the first quarter valued at $86,000. Paloma Partners Management Co acquired a new position in Perimeter Solutions in the first quarter worth $87,000. Finally, Versor Investments LP acquired a new position in Perimeter Solutions in the second quarter worth $102,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PRM. UBS Group upped their price target on Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Morgan Stanley increased their price target on Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, September 16th.

Perimeter Solutions Trading Up 4.3 %

Shares of PRM stock opened at $14.08 on Thursday. The firm has a market capitalization of $2.04 billion, a P/E ratio of -34.80 and a beta of 2.02. Perimeter Solutions, SA has a twelve month low of $2.87 and a twelve month high of $14.44. The stock’s fifty day simple moving average is $12.65 and its 200 day simple moving average is $9.87. The company has a quick ratio of 1.87, a current ratio of 3.61 and a debt-to-equity ratio of 0.63.

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.