Bank of New York Mellon Corp grew its position in Perimeter Solutions, SA (NYSE:PRM – Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 509,868 shares of the company’s stock after acquiring an additional 21,012 shares during the quarter. Bank of New York Mellon Corp’s holdings in Perimeter Solutions were worth $3,992,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Perimeter Solutions by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 10,573,592 shares of the company’s stock worth $78,456,000 after purchasing an additional 54,626 shares in the last quarter. Pennant Investors LP lifted 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 buying an additional 700,000 shares in the last quarter. Equitable Trust Co. boosted its stake in Perimeter Solutions by 10.5% during the first quarter. Equitable Trust Co. now owns 2,117,843 shares of the company’s stock worth $15,714,000 after buying an additional 200,632 shares during the last quarter. Senator Investment Group LP grew its holdings 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 buying an additional 114,300 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of 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 during the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.
Perimeter Solutions Stock Up 2.1 %
PRM stock opened at $11.97 on Friday. Perimeter Solutions, SA has a one year low of $2.79 and a one year high of $12.11. The firm has a market cap of $1.74 billion, a PE ratio of -52.04 and a beta of 2.00. The firm’s 50 day moving average price is $10.07 and its 200-day moving average price is $8.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 3.61.
Analyst Ratings Changes
Separately, UBS Group boosted their price target 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.
Read Our Latest Stock Report on PRM
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.
See Also
- Five stocks we like better than Perimeter Solutions
- 3 Healthcare Dividend Stocks to Buy
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
- Best Aerospace Stocks Investing
- Kroger Stock is a Win-Win for Buy-and-Hold Investors
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- MarketBeat Week in Review – 9/9 – 9/13
Want to see what other hedge funds are holding PRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perimeter Solutions, SA (NYSE:PRM – Free Report).
Receive News & Ratings for Perimeter Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perimeter Solutions and related companies with MarketBeat.com's FREE daily email newsletter.