113,085 Shares in Perimeter Solutions, SA (NYSE:PRM) Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA acquired a new position in Perimeter Solutions, SA (NYSE:PRM) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 113,085 shares of the company’s stock, valued at approximately $1,445,000.

Several other institutional investors have also recently added to or reduced their stakes in PRM. Vanguard Group Inc. boosted its holdings in shares of Perimeter Solutions by 136.8% in the 4th quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company’s stock valued at $104,944,000 after buying an additional 4,744,069 shares during the period. Corient Private Wealth LLC bought a new position in Perimeter Solutions in the fourth quarter worth about $41,780,000. JPMorgan Chase & Co. boosted its stake in Perimeter Solutions by 19.9% in the fourth quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company’s stock valued at $74,847,000 after acquiring an additional 971,623 shares during the period. Catawba River Capital acquired a new position in Perimeter Solutions in the fourth quarter valued at approximately $7,658,000. Finally, Ieq Capital LLC bought a new position in shares of Perimeter Solutions during the fourth quarter valued at approximately $6,698,000. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Stock Down 2.8 %

PRM stock opened at $9.22 on Wednesday. The stock has a market cap of $1.38 billion, a PE ratio of -65.82 and a beta of 1.88. The firm’s 50-day simple moving average is $10.39 and its 200 day simple moving average is $12.11. Perimeter Solutions, SA has a fifty-two week low of $6.84 and a fifty-two week high of $14.44. 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 (NYSE:PRM) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.21. The company had revenue of $86.23 million for the quarter, compared to analyst estimates 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, sell-side analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, March 26th.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 471,226 shares of the company’s stock, valued at approximately $4,321,142.42. This trade represents a 34.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.70% of the stock is owned by company 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.