Wells Fargo & Company MN Has $5.07 Million Position in Perimeter Solutions, SA (NYSE:PRM)

Wells Fargo & Company MN raised its position in Perimeter Solutions, SA (NYSE:PRM) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,631 shares of the company’s stock after buying an additional 17,406 shares during the quarter. Wells Fargo & Company MN’s holdings in Perimeter Solutions were worth $5,069,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PRM. McAdam LLC bought a new position in Perimeter Solutions during the fourth quarter worth about $131,000. Orion Portfolio Solutions LLC grew its position in shares of Perimeter Solutions by 14.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company’s stock worth $151,000 after purchasing an additional 1,519 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Perimeter Solutions during the fourth quarter worth approximately $160,000. Lingohr Asset Management GmbH acquired a new stake in shares of Perimeter Solutions in the fourth quarter valued at approximately $203,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Perimeter Solutions in the fourth quarter valued at approximately $227,000. Institutional investors own 89.93% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director Vivek Raj sold 250,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the transaction, the director now owns 471,226 shares of the company’s stock, valued at approximately $4,321,142.42. This represents a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.70% of the company’s stock.

Perimeter Solutions Trading Down 1.0 %

PRM opened at $9.81 on Monday. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -70.04 and a beta of 1.88. 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, SA has a twelve month low of $6.84 and a twelve month high of $14.44. The company has a 50-day simple moving average of $9.99 and a 200 day simple moving average of $11.91.

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, topping the consensus estimate of ($0.10) by $0.21. The business 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%. Analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

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.