Creative Planning Boosts Stock Position in Perimeter Solutions, SA (NYSE:PRM)

Creative Planning increased its holdings in Perimeter Solutions, SA (NYSE:PRM) by 25.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 34,443 shares of the company’s stock after acquiring an additional 7,006 shares during the quarter. Creative Planning’s holdings in Perimeter Solutions were worth $463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PRM. Dimensional Fund Advisors LP increased its stake in Perimeter Solutions by 59.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock valued at $14,708,000 after acquiring an additional 698,622 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Perimeter Solutions during the first quarter worth about $423,000. Maverick Capital Ltd. lifted its holdings in Perimeter Solutions by 239.3% in the second quarter. Maverick Capital Ltd. now owns 227,477 shares of the company’s stock worth $1,781,000 after buying an additional 160,432 shares during the period. American Century Companies Inc. lifted its holdings in Perimeter Solutions by 66.6% in the second quarter. American Century Companies Inc. now owns 123,252 shares of the company’s stock worth $965,000 after buying an additional 49,251 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Perimeter Solutions by 81.6% in the third quarter. SG Americas Securities LLC now owns 48,385 shares of the company’s stock worth $651,000 after buying an additional 21,735 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Price Performance

Shares of PRM opened at $14.08 on Thursday. The firm has a market cap of $2.04 billion, a PE ratio of -34.80 and a beta of 2.02. 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 firm has a fifty day simple moving average of $12.65 and a two-hundred day simple moving average of $9.87. Perimeter Solutions, SA has a 1-year low of $2.87 and a 1-year high of $14.44.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Morgan Stanley boosted their price objective on shares of Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, September 16th.

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.