Perimeter Solutions, SA (NYSE:PRM – Get Free Report) major shareholder Windacre Partnership Llc sold 437,500 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $33.00, for a total transaction of $14,437,500.00. Following the sale, the insider owned 18,023,621 shares in the company, valued at approximately $594,779,493. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Windacre Partnership Llc also recently made the following trade(s):
- On Tuesday, June 30th, Windacre Partnership Llc sold 1,875,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $33.90, for a total transaction of $63,562,500.00.
- On Friday, June 26th, Windacre Partnership Llc sold 3,393,479 shares of Perimeter Solutions stock. The stock was sold at an average price of $34.66, for a total transaction of $117,617,982.14.
Perimeter Solutions Price Performance
PRM stock opened at $34.59 on Thursday. The stock has a 50-day moving average price of $32.80 and a two-hundred day moving average price of $28.42. Perimeter Solutions, SA has a 1 year low of $14.39 and a 1 year high of $38.17. The stock has a market cap of $5.64 billion, a PE ratio of -25.81 and a beta of 1.89. The company has a current ratio of 3.09, a quick ratio of 1.61 and a debt-to-equity ratio of 1.01.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on PRM. Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Morgan Stanley lifted their price objective on shares of Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, May 11th. UBS Group boosted their price objective on shares of Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings raised shares of Perimeter Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $40.67.
Read Our Latest Report on Perimeter Solutions
Institutional Trading of Perimeter Solutions
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank boosted its position in Perimeter Solutions by 45.0% during the first quarter. Comerica Bank now owns 4,267 shares of the company’s stock valued at $43,000 after purchasing an additional 1,324 shares during the last quarter. Royal Bank of Canada increased its position in shares of Perimeter Solutions by 100.0% during the 1st quarter. Royal Bank of Canada now owns 80,608 shares of the company’s stock worth $812,000 after purchasing an additional 40,294 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Perimeter Solutions by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company’s stock worth $801,000 after purchasing an additional 3,428 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Perimeter Solutions by 4.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,188 shares of the company’s stock worth $3,305,000 after purchasing an additional 14,949 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Perimeter Solutions during the 2nd quarter worth approximately $2,128,000. Institutional investors own 89.93% of the company’s stock.
About Perimeter Solutions
Perimeter Solutions Ltd. (NYSE: PRM) is a global specialty chemicals company focused on delivering performance-driven solutions for the oil and gas, coatings, plastics, water treatment and packaging markets. Established as an independent publicly traded company in December 2019 following its spin-off from NewMarket Corporation, Perimeter Solutions has positioned itself as a leading provider of highly engineered chemical products designed to optimize upstream oil recovery, protect infrastructure and enhance the performance of industrial processes.
The company’s core product portfolio spans several key segments.
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