Gitterman Wealth Management LLC Buys 2,057 Shares of Perimeter Solutions, SA (NYSE:PRM)

Gitterman Wealth Management LLC grew its stake in shares of Perimeter Solutions, SA (NYSE:PRM) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,167 shares of the company’s stock after acquiring an additional 2,057 shares during the period. Gitterman Wealth Management LLC’s holdings in Perimeter Solutions were worth $93,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PRM. Wellington Management Group LLP increased its position in shares of Perimeter Solutions by 54.2% in the third quarter. Wellington Management Group LLP now owns 1,454,117 shares of the company’s stock worth $6,602,000 after purchasing an additional 511,188 shares during the period. Equitable Trust Co. boosted its position in shares of Perimeter Solutions by 26.3% during the 4th quarter. Equitable Trust Co. now owns 1,917,211 shares of the company’s stock worth $8,819,000 after acquiring an additional 399,409 shares in the last quarter. Motley Fool Asset Management LLC bought a new position in Perimeter Solutions in the third quarter valued at approximately $467,000. SG Americas Securities LLC raised its position in Perimeter Solutions by 560.5% during the third quarter. SG Americas Securities LLC now owns 73,471 shares of the company’s stock valued at $334,000 after purchasing an additional 62,348 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Perimeter Solutions in the 3rd quarter valued at $206,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group boosted their price target on Perimeter Solutions from $6.50 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, March 26th.

Perimeter Solutions Price Performance

PRM stock traded up $0.09 during trading on Friday, reaching $7.06. 347,898 shares of the company were exchanged, compared to its average volume of 659,663. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 17.65 and a beta of 1.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.56 and a quick ratio of 1.91. The company has a 50-day moving average of $6.70 and a two-hundred day moving average of $5.03. Perimeter Solutions, SA has a twelve month low of $2.79 and a twelve month high of $8.41.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. Perimeter Solutions had a net margin of 20.95% and a return on equity of 1.78%. The company had revenue of $59.46 million during the quarter, compared to the consensus estimate of $45.00 million. As a group, equities analysts predict that Perimeter Solutions, SA will post 0.29 earnings per share for the current fiscal year.

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.