Equitable Trust Co. Decreases Holdings in Perimeter Solutions, SA (NYSE:PRM)

Equitable Trust Co. decreased its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,046,052 shares of the company’s stock after selling 59,299 shares during the quarter. Perimeter Solutions accounts for about 1.8% of Equitable Trust Co.’s holdings, making the stock its 11th biggest position. Equitable Trust Co. owned about 1.41% of Perimeter Solutions worth $27,519,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. ProShare Advisors LLC lifted its stake in Perimeter Solutions by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 27,126 shares of the company’s stock valued at $201,000 after buying an additional 1,851 shares in the last quarter. CWM LLC lifted its stake in Perimeter Solutions by 22.8% in the 3rd quarter. CWM LLC now owns 12,251 shares of the company’s stock valued at $165,000 after buying an additional 2,276 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Perimeter Solutions by 14.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 26,602 shares of the company’s stock valued at $358,000 after buying an additional 3,421 shares in the last quarter. Simplicity Wealth LLC lifted its stake in Perimeter Solutions by 24.8% in the 2nd quarter. Simplicity Wealth LLC now owns 23,181 shares of the company’s stock valued at $182,000 after buying an additional 4,600 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Perimeter Solutions by 12.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 44,713 shares of the company’s stock valued at $332,000 after buying an additional 4,996 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Morgan Stanley increased their price target on Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. UBS Group increased their price target on Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th.

Perimeter Solutions Trading Down 0.0 %

PRM stock opened at $13.96 on Friday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -34.89 and a beta of 2.02. The company has a quick ratio of 1.87, a current ratio of 3.61 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $12.80 and a 200-day simple moving average of $9.98. Perimeter Solutions, SA has a 52 week low of $3.06 and a 52 week high of $14.44.

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.