UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.35 Million Stock Position in Perimeter Solutions, SA (NYSE:PRM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Perimeter Solutions, SA (NYSE:PRM) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,320 shares of the company’s stock after selling 42,551 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Perimeter Solutions worth $3,353,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. CWM LLC boosted its stake in Perimeter Solutions by 22.8% during the 3rd quarter. CWM LLC now owns 12,251 shares of the company’s stock valued at $165,000 after purchasing an additional 2,276 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of Perimeter Solutions by 14.8% during the third quarter. Bleakley Financial Group LLC now owns 26,602 shares of the company’s stock worth $358,000 after buying an additional 3,421 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Perimeter Solutions by 2.6% during the third quarter. PNC Financial Services Group Inc. now owns 139,335 shares of the company’s stock worth $1,874,000 after buying an additional 3,544 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Perimeter Solutions by 5.9% in the third quarter. Natixis Advisors LLC now owns 64,923 shares of the company’s stock valued at $873,000 after acquiring an additional 3,595 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Perimeter Solutions by 15.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,511 shares of the company’s stock worth $323,000 after acquiring an additional 5,773 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Stock Down 0.5 %

Shares of PRM opened at $12.82 on Friday. The business’s 50 day simple moving average is $13.07 and its 200-day simple moving average is $10.90. Perimeter Solutions, SA has a one year low of $3.88 and a one year high of $14.44. The company has a market capitalization of $1.87 billion, a P/E ratio of -11.35 and a beta of 1.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.61 by ($1.22). The company had revenue of $288.42 million for the quarter, compared to the consensus estimate of $265.30 million. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. During the same period last year, the company earned $0.31 earnings per share. As a group, sell-side analysts predict that Perimeter Solutions, SA will post -1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

PRM has been the topic of several research analyst reports. 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 report on Monday, September 16th. UBS Group boosted 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.

Insider Buying and Selling at Perimeter Solutions

In related news, CEO Haitham Khouri sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total value of $964,000.00. Following the completion of the sale, the chief executive officer now owns 429,989 shares in the company, valued at $5,181,367.45. This represents a 15.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tracy Britt Cool sold 50,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.81, for a total value of $640,500.00. Following the completion of the sale, the director now owns 173,449 shares of the company’s stock, valued at $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 210,156 shares of company stock worth $2,579,197. Insiders own 8.70% of the company’s stock.

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.