Perimeter Solutions, SA (NYSE:PRM) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in Perimeter Solutions, SA (NYSE:PRM) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,923 shares of the company’s stock after buying an additional 3,595 shares during the quarter. Natixis Advisors LLC’s holdings in Perimeter Solutions were worth $873,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in shares of Perimeter Solutions during the 3rd quarter worth about $945,000. Dimensional Fund Advisors LP grew its holdings 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 purchasing an additional 698,622 shares during the period. Maverick Capital Ltd. grew 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 valued at $1,781,000 after purchasing an additional 160,432 shares during the period. American Century Companies Inc. increased its position in shares of Perimeter Solutions by 66.6% in the second quarter. American Century Companies Inc. now owns 123,252 shares of the company’s stock valued at $965,000 after buying an additional 49,251 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Perimeter Solutions by 81.6% during the 3rd 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 Perimeter Solutions stock opened at $12.60 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The business has a 50 day simple moving average of $13.10 and a two-hundred day simple moving average of $10.49. The stock has a market capitalization of $1.84 billion, a P/E ratio of -11.15 and a beta of 2.02. Perimeter Solutions, SA has a 12 month low of $3.84 and a 12 month high of $14.44.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.22). Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. The firm had revenue of $288.42 million during the quarter, compared to analysts’ expectations of $265.30 million. During the same quarter in the previous year, the business posted $0.31 EPS. As a group, analysts predict that Perimeter Solutions, SA will post 0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on PRM shares. Morgan Stanley boosted their price target 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. UBS Group lifted their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 16th.

Insider Transactions at Perimeter Solutions

In related news, Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the transaction, the director now owns 173,449 shares in the company, valued at approximately $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Haitham Khouri sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total value of $964,000.00. Following the completion of the sale, the chief executive officer now owns 429,989 shares of the company’s stock, valued at approximately $5,181,367.45. The trade was a 15.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 210,156 shares of company stock valued at $2,579,197. Corporate insiders own 8.70% of the company’s stock.

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.