Bank of New York Mellon Corp Increases Stock Holdings in Perimeter Solutions, SA (NYSE:PRM)

Bank of New York Mellon Corp lifted its holdings in shares of Perimeter Solutions, SA (NYSE:PRM) by 21.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 442,278 shares of the company’s stock after purchasing an additional 79,241 shares during the quarter. Bank of New York Mellon Corp’s holdings in Perimeter Solutions were worth $5,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of PRM. Bleakley Financial Group LLC lifted its holdings in Perimeter Solutions by 6.7% in the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock valued at $363,000 after acquiring an additional 1,778 shares during the period. Rhumbline Advisers increased its stake in shares of Perimeter Solutions by 1.3% during the 4th quarter. Rhumbline Advisers now owns 208,189 shares of the company’s stock valued at $2,661,000 after acquiring an additional 2,627 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Perimeter Solutions by 2.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 139,335 shares of the company’s stock worth $1,874,000 after purchasing an additional 3,544 shares in the last quarter. Natixis Advisors LLC increased its position in Perimeter Solutions by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 64,923 shares of the company’s stock worth $873,000 after purchasing an additional 3,595 shares in the last quarter. Finally, Quarry LP purchased a new position in Perimeter Solutions in the 3rd quarter worth approximately $52,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Perimeter Solutions Stock Up 1.8 %

NYSE PRM opened at $9.20 on Monday. The stock has a market cap of $1.38 billion, a PE ratio of -65.67 and a beta of 1.93. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average price of $11.61 and a two-hundred day moving average price of $12.38. Perimeter Solutions, SA has a fifty-two week low of $6.01 and a fifty-two week high of $14.44.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.21. The company had revenue of $86.23 million during the quarter, compared to analysts’ expectations of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. As a group, sell-side analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

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.