Equitable Trust Co. increased its position in shares of Perimeter Solutions, SA (NYSE:PRM – Free Report) by 26.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,917,211 shares of the company’s stock after buying an additional 399,409 shares during the period. Equitable Trust Co. owned about 1.22% of Perimeter Solutions worth $8,819,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Perimeter Solutions by 213.6% in the first quarter. JPMorgan Chase & Co. now owns 94,180 shares of the company’s stock valued at $1,140,000 after purchasing an additional 64,150 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Perimeter Solutions by 7.4% in the first quarter. Raymond James & Associates now owns 41,146 shares of the company’s stock valued at $498,000 after acquiring an additional 2,845 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Perimeter Solutions in the first quarter valued at approximately $124,000. Renaissance Technologies LLC acquired a new stake in shares of Perimeter Solutions in the first quarter valued at approximately $936,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Perimeter Solutions in the first quarter valued at approximately $372,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.
Perimeter Solutions Stock Performance
Shares of NYSE PRM traded up $0.19 during mid-day trading on Friday, hitting $7.79. 410,843 shares of the company were exchanged, compared to its average volume of 876,269. The company has a quick ratio of 1.91, a current ratio of 4.56 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $6.07 and a 200-day simple moving average of $4.75. Perimeter Solutions, SA has a 1-year low of $2.79 and a 1-year high of $8.41. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 19.48 and a beta of 1.99.
Perimeter Solutions (NYSE:PRM – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. Perimeter Solutions had a return on equity of 1.78% and a net margin of 20.95%. The firm had revenue of $59.46 million during the quarter, compared to the consensus estimate of $45.00 million. On average, sell-side analysts forecast that Perimeter Solutions, SA will post 0.27 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, UBS Group increased their price objective on Perimeter Solutions from $6.50 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, March 26th.
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.