State of Wyoming Has $445,000 Holdings in Perimeter Solutions, SA (NYSE:PRM)

State of Wyoming increased its stake in shares of Perimeter Solutions, SA (NYSE:PRM) by 241.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,827 shares of the company’s stock after purchasing an additional 24,632 shares during the period. State of Wyoming’s holdings in Perimeter Solutions were worth $445,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PRM. Vanguard Group Inc. grew its stake in shares of Perimeter Solutions by 136.8% during the fourth quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company’s stock worth $104,944,000 after purchasing an additional 4,744,069 shares during the period. Corient Private Wealth LLC acquired a new position in Perimeter Solutions in the fourth quarter valued at about $41,780,000. JPMorgan Chase & Co. grew 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. Bessemer Group Inc. grew its stake in Perimeter Solutions by 10,103.3% in the fourth quarter. Bessemer Group Inc. now owns 923,811 shares of the company’s stock valued at $11,806,000 after acquiring an additional 914,757 shares during the period. Finally, Catawba River Capital acquired a new position in Perimeter Solutions in the fourth quarter valued at about $7,658,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Vivek Raj sold 2,284 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total value of $27,910.48. Following the sale, the director now directly owns 468,942 shares in the company, valued at $5,730,471.24. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 352,284 shares of company stock worth $3,512,410 over the last three months. Corporate insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PRM shares. Morgan Stanley decreased their target price on Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group raised Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Wednesday, March 26th.

Perimeter Solutions Stock Performance

Shares of Perimeter Solutions stock opened at $11.81 on Tuesday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -84.35 and a beta of 1.88. The stock’s 50-day moving average is $10.17 and its 200-day moving average is $11.57. Perimeter Solutions, SA has a one year low of $7.00 and a one year high of $14.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.12. The company had revenue of $72.03 million for the quarter, compared to analyst estimates of $75.00 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. Equities analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share 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.