Perimeter Solutions, SA (NYSE:PRM) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. reduced its stake in shares of Perimeter Solutions, SA (NYSE:PRM) by 30.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,703,158 shares of the company’s stock after selling 1,620,715 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Perimeter Solutions were worth $49,807,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP acquired a new position in Perimeter Solutions in the third quarter valued at $945,000. Dimensional Fund Advisors LP increased its stake in Perimeter Solutions by 59.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock worth $14,708,000 after acquiring an additional 698,622 shares during the last quarter. Maverick Capital Ltd. raised its holdings in shares of Perimeter Solutions by 239.3% in the 2nd quarter. Maverick Capital Ltd. now owns 227,477 shares of the company’s stock worth $1,781,000 after purchasing an additional 160,432 shares during the period. American Century Companies Inc. lifted its stake in shares of Perimeter Solutions by 66.6% in the 2nd quarter. American Century Companies Inc. now owns 123,252 shares of the company’s stock valued at $965,000 after purchasing an additional 49,251 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Perimeter Solutions by 81.6% in the third quarter. SG Americas Securities LLC now owns 48,385 shares of the company’s stock valued at $651,000 after buying an additional 21,735 shares during the period. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Price Performance

Perimeter Solutions stock opened at $13.13 on Monday. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average of $13.07 and a 200-day moving average of $10.41. Perimeter Solutions, SA has a 52 week low of $3.84 and a 52 week 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 (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.22). The firm had revenue of $288.42 million for the quarter, compared to the consensus estimate of $265.30 million. Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. During the same quarter last year, the business earned $0.31 earnings per share. Equities analysts expect that Perimeter Solutions, SA will post 0.62 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Haitham Khouri sold 80,156 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $12.16, for a total transaction of $974,696.96. Following the completion of the transaction, the chief executive officer now directly owns 249,833 shares of the company’s stock, valued at approximately $3,037,969.28. This represents a 24.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PRM has been the subject of several recent research reports. UBS Group increased their price objective on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Morgan Stanley boosted their price objective 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.

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.