546,020 Perimeter Solutions, SA $PRM Shares Acquired by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lifted its stake in shares of Perimeter Solutions, SA (NYSE:PRM) by 101.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,081,985 shares of the company’s stock after acquiring an additional 546,020 shares during the period. Conestoga Capital Advisors LLC’s holdings in Perimeter Solutions were worth $28,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PRM. Principal Financial Group Inc. grew its holdings in shares of Perimeter Solutions by 15.0% in the first quarter. Principal Financial Group Inc. now owns 12,513,159 shares of the company’s stock valued at $305,572,000 after purchasing an additional 1,634,158 shares during the period. Dimensional Fund Advisors LP increased its position in Perimeter Solutions by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,763,465 shares of the company’s stock worth $116,286,000 after purchasing an additional 27,643 shares during the last quarter. Janus Henderson Group PLC raised its stake in Perimeter Solutions by 8.6% during the first quarter. Janus Henderson Group PLC now owns 4,007,536 shares of the company’s stock worth $97,863,000 after purchasing an additional 315,763 shares during the period. Bank of America Corp DE raised its stake in Perimeter Solutions by 4.8% during the first quarter. Bank of America Corp DE now owns 1,738,095 shares of the company’s stock worth $42,444,000 after purchasing an additional 79,083 shares during the period. Finally, Bessemer Group Inc. raised its stake in Perimeter Solutions by 61.2% during the first quarter. Bessemer Group Inc. now owns 1,064,925 shares of the company’s stock worth $26,006,000 after purchasing an additional 404,417 shares during the period. Institutional investors and hedge funds own 89.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PRM. UBS Group decreased their target price on shares of Perimeter Solutions from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Wall Street Zen lowered shares of Perimeter Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded Perimeter Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, October 19th. JPMorgan Chase & Co. lowered their price objective on Perimeter Solutions from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Finally, Zacks Research raised Perimeter Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.50.

Perimeter Solutions Stock Down 1.5%

Shares of PRM opened at $28.10 on Thursday. The stock has a market capitalization of $4.60 billion, a PE ratio of -12.60 and a beta of 1.91. Perimeter Solutions, SA has a 1 year low of $20.38 and a 1 year high of $38.17. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.93 and a current ratio of 1.57. The company’s 50-day simple moving average is $29.12 and its 200-day simple moving average is $29.59.

Perimeter Solutions Profile

Perimeter Solutions, Inc (NYSE:PRM) is a specialty chemicals and fire-safety company that develops and supplies products used to prevent, control and suppress fires, as well as chemicals used in industrial applications. Its operations are organized primarily around fire-safety products and performance chemicals.

The company’s fire-safety portfolio includes PHOS-CHEK-branded wildfire retardants, firefighting foams, gels and other suppression products. These solutions are used by government agencies, fire departments, aviation and industrial customers, and other organizations involved in wildfire response, emergency preparedness and fire protection.

Perimeter Solutions also produces phosphorus-based specialty chemicals, including phosphorus pentasulfide, which is used in applications such as lubricant additives and other industrial processes.