Perimeter Solutions, SA (NYSE:PRM) Shares Acquired by Primecap Management Co. CA

Primecap Management Co. CA lifted its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 5.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,953,126 shares of the company’s stock after purchasing an additional 107,435 shares during the quarter. Primecap Management Co. CA’s holdings in Perimeter Solutions were worth $24,961,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC lifted its position in shares of Perimeter Solutions by 6.7% during the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock worth $363,000 after purchasing an additional 1,778 shares in the last quarter. Natixis Advisors LLC raised its holdings in Perimeter Solutions by 3.8% in the fourth quarter. Natixis Advisors LLC now owns 67,406 shares of the company’s stock valued at $861,000 after acquiring an additional 2,483 shares in the last quarter. Rhumbline Advisers raised its holdings in Perimeter Solutions by 1.3% in the fourth 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in Perimeter Solutions by 2.6% in the third 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 in the last quarter. Finally, Quarry LP acquired a new stake in Perimeter Solutions in the third quarter valued at $52,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Perimeter Solutions Trading Up 2.7 %

PRM opened at $9.27 on Thursday. The stock has a market capitalization of $1.39 billion, a PE ratio of -66.17 and a beta of 1.93. The firm’s fifty day moving average price is $11.44 and its 200 day moving average price is $12.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. Perimeter Solutions, SA has a 12-month low of $6.12 and a 12-month high of $14.44.

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

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the sale, the director now owns 471,226 shares in the company, valued at $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is owned by insiders.

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.