Perimeter Solutions, SA (NYSE:PRM) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in Perimeter Solutions, SA (NYSE:PRM) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,620 shares of the company’s stock after selling 3,715 shares during the quarter. PNC Financial Services Group Inc. owned about 0.09% of Perimeter Solutions worth $1,733,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PRM. Proficio Capital Partners LLC acquired a new stake in shares of Perimeter Solutions in the 4th quarter worth approximately $301,000. Victory Capital Management Inc. acquired a new stake in Perimeter Solutions in the fourth quarter worth approximately $984,000. Charles Schwab Investment Management Inc. boosted its stake in Perimeter Solutions by 6.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,287,825 shares of the company’s stock valued at $16,458,000 after purchasing an additional 82,163 shares in the last quarter. Versor Investments LP acquired a new position in shares of Perimeter Solutions during the 4th quarter valued at $253,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Perimeter Solutions by 21.8% in the 4th quarter. Bank of New York Mellon Corp now owns 442,278 shares of the company’s stock worth $5,652,000 after buying an additional 79,241 shares in the last quarter. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Trading Up 1.8 %

Shares of PRM stock opened at $9.20 on Friday. The stock has a 50-day simple moving average of $11.61 and a 200 day simple moving average of $12.37. The stock has a market capitalization of $1.38 billion, a P/E ratio of -65.67 and a beta of 1.93. Perimeter Solutions, SA has a fifty-two week low of $6.01 and a fifty-two week high of $14.44. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The company had revenue of $86.23 million during the quarter, compared to the consensus estimate of $77.01 million. On average, sell-side analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

About Perimeter Solutions

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.