Brown Brothers Harriman & Co. Sells 1,620,715 Shares of Perimeter Solutions, SA (NYSE:PRM)

Brown Brothers Harriman & Co. trimmed its holdings in shares of Perimeter Solutions, SA (NYSE:PRM) by 30.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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. owned approximately 2.55% of Perimeter Solutions worth $49,807,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of Perimeter Solutions during the third quarter valued at about $945,000. Dimensional Fund Advisors LP raised its position in shares of Perimeter Solutions by 59.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock valued at $14,708,000 after purchasing an additional 698,622 shares during the last quarter. Maverick Capital Ltd. boosted its stake in 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 in the last quarter. American Century Companies Inc. grew its position in Perimeter Solutions by 66.6% during the 2nd quarter. American Century Companies Inc. now owns 123,252 shares of the company’s stock worth $965,000 after purchasing an additional 49,251 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Perimeter Solutions by 81.6% during the 3rd quarter. SG Americas Securities LLC now owns 48,385 shares of the company’s stock valued at $651,000 after purchasing an additional 21,735 shares in the last quarter. Institutional investors own 89.93% of the company’s stock.

Insiders Place Their Bets

In other Perimeter Solutions news, CEO Haitham Khouri sold 80,156 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $12.16, for a total transaction of $974,696.96. Following the sale, the chief executive officer now owns 249,833 shares of the company’s stock, valued at approximately $3,037,969.28. This trade 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 this link. 8.70% of the stock is owned by company insiders.

Perimeter Solutions Trading Up 1.2 %

NYSE PRM opened at $13.13 on Monday. Perimeter Solutions, SA has a 1-year low of $3.84 and a 1-year high of $14.44. The stock’s 50 day simple moving average is $13.07 and its 200-day simple moving average is $10.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.22). The firm had revenue of $288.42 million for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.31 EPS. Research analysts anticipate that Perimeter Solutions, SA will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on PRM. UBS Group lifted their price objective on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Morgan Stanley boosted their target price on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research 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.