State Street Corp Grows Position in Perimeter Solutions, SA (NYSE:PRM)

State Street Corp grew its position in Perimeter Solutions, SA (NYSE:PRM) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,271,189 shares of the company’s stock after acquiring an additional 6,537 shares during the quarter. State Street Corp’s holdings in Perimeter Solutions were worth $43,997,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PRM. CWM LLC raised its holdings in Perimeter Solutions by 22.8% in the third quarter. CWM LLC now owns 12,251 shares of the company’s stock valued at $165,000 after buying an additional 2,276 shares during the period. Bleakley Financial Group LLC increased its position in shares of Perimeter Solutions by 14.8% in the third quarter. Bleakley Financial Group LLC now owns 26,602 shares of the company’s stock worth $358,000 after acquiring an additional 3,421 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Perimeter Solutions by 2.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 139,335 shares of the company’s stock valued at $1,874,000 after acquiring an additional 3,544 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Perimeter Solutions by 5.9% during the 3rd 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 in the last quarter. Finally, Quarry LP purchased a new stake in Perimeter Solutions during the 3rd quarter worth $52,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Stock Up 3.0 %

NYSE PRM opened at $12.71 on Friday. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a fifty-two week low of $3.88 and a fifty-two week high of $14.44. The business has a 50 day moving average price of $13.08 and a two-hundred day moving average price of $11.05. The stock has a market cap of $1.86 billion, a PE ratio of -11.25 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.22). The firm had revenue of $288.42 million for the quarter, compared to analyst estimates of $265.30 million. Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. During the same period in the previous year, the firm posted $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.

Insiders Place Their Bets

In other Perimeter Solutions news, CEO Haitham Khouri sold 80,156 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $12.16, for a total transaction of $974,696.96. Following the completion of the transaction, the chief executive officer now directly owns 249,833 shares of the company’s stock, valued at $3,037,969.28. This trade represents a 24.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions 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 transaction, 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. Insiders have sold 210,156 shares of company stock worth $2,579,197 in the last quarter. 8.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their price objective on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research 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.