Principal Financial Group Inc. Sells 49,130 Shares of Perimeter Solutions, SA (NYSE:PRM)

Principal Financial Group Inc. lowered its position in Perimeter Solutions, SA (NYSE:PRM) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,533,725 shares of the company’s stock after selling 49,130 shares during the quarter. Principal Financial Group Inc. owned approximately 7.20% of Perimeter Solutions worth $141,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. CWM LLC boosted its stake in shares of Perimeter Solutions by 22.8% in the 3rd quarter. CWM LLC now owns 12,251 shares of the company’s stock valued at $165,000 after purchasing an additional 2,276 shares in the last quarter. Bleakley Financial Group LLC boosted its position in Perimeter Solutions by 14.8% during the third quarter. Bleakley Financial Group LLC now owns 26,602 shares of the company’s stock valued at $358,000 after buying an additional 3,421 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Perimeter Solutions by 2.6% during the third quarter. PNC Financial Services Group Inc. now owns 139,335 shares of the company’s stock valued at $1,874,000 after buying an additional 3,544 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Perimeter Solutions by 5.9% in the third quarter. Natixis Advisors LLC now owns 64,923 shares of the company’s stock worth $873,000 after buying an additional 3,595 shares during the period. Finally, Quarry LP bought a new stake in shares of Perimeter Solutions in the 3rd quarter valued at about $52,000. 89.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.81, for a total transaction of $640,500.00. Following the sale, the director now owns 173,449 shares of the company’s stock, valued at approximately $2,221,881.69. The trade was a 22.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Haitham Khouri sold 80,156 shares of the stock in a transaction dated 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. The trade was a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 210,156 shares of company stock worth $2,579,197. 8.70% of the stock is currently owned by company insiders.

Perimeter Solutions Trading Up 1.7 %

Shares of PRM opened at $12.93 on Friday. The stock has a market capitalization of $1.89 billion, a P/E ratio of -11.44 and a beta of 1.93. Perimeter Solutions, SA has a twelve month low of $3.88 and a twelve month 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. The firm has a fifty day simple moving average of $13.08 and a two-hundred day simple moving average of $11.05.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.22). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The firm had revenue of $288.42 million for the quarter, compared to analysts’ expectations of $265.30 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, research analysts anticipate that Perimeter Solutions, SA will post -1.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their price target on Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th.

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.