Alyeska Investment Group L.P. Takes Position in Perimeter Solutions, SA $PRM

Alyeska Investment Group L.P. purchased a new stake in shares of Perimeter Solutions, SA (NYSE:PRM) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 800,000 shares of the company’s stock, valued at approximately $8,056,000. Alyeska Investment Group L.P. owned 0.54% of Perimeter Solutions as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in PRM. Susquehanna International Group LLP raised its position in shares of Perimeter Solutions by 13.6% during the 4th quarter. Susquehanna International Group LLP now owns 118,198 shares of the company’s stock valued at $1,511,000 after buying an additional 14,168 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Perimeter Solutions by 19.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,191 shares of the company’s stock valued at $668,000 after buying an additional 8,477 shares during the period. Northern Trust Corp raised its position in Perimeter Solutions by 10.1% in the fourth quarter. Northern Trust Corp now owns 1,318,105 shares of the company’s stock valued at $16,845,000 after purchasing an additional 120,615 shares during the period. Comerica Bank purchased a new stake in Perimeter Solutions in the fourth quarter valued at approximately $38,000. Finally, Algert Global LLC raised its position in Perimeter Solutions by 14.3% in the fourth quarter. Algert Global LLC now owns 73,130 shares of the company’s stock valued at $935,000 after purchasing an additional 9,142 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Stock Up 0.1%

Perimeter Solutions stock opened at $22.31 on Friday. Perimeter Solutions, SA has a twelve month low of $8.76 and a twelve month high of $23.79. The stock’s fifty day simple moving average is $17.80 and its 200-day simple moving average is $13.31. The company has a current ratio of 4.04, a quick ratio of 2.60 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $3.27 billion, a P/E ratio of 51.88 and a beta of 2.00.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11. Perimeter Solutions had a negative return on equity of 1.11% and a net margin of 13.05%.The business had revenue of $162.64 million for the quarter, compared to analyst estimates of $108.91 million. As a group, equities analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PRM. UBS Group boosted their target price on Perimeter Solutions from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Morgan Stanley boosted their target price on Perimeter Solutions from $17.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, August 25th. Finally, Wall Street Zen lowered Perimeter Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $22.50.

Insider Activity at Perimeter Solutions

In other news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was purchased at an average price of $13.98 per share, for a total transaction of $3,559,308.00. Following the completion of the purchase, the insider owned 21,854,600 shares in the company, valued at approximately $305,527,308. This trade represents a 1.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.00% of the company’s stock.

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.