Handelsbanken Fonder AB purchased a new stake in shares of Perimeter Solutions, SA (NYSE:PRM – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,600 shares of the company’s stock, valued at approximately $1,393,000.
A number of other large investors also recently modified their holdings of PRM. Comerica Bank increased its holdings in shares of 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 period. Royal Bank of Canada increased its holdings in shares of Perimeter Solutions by 100.0% during the first quarter. Royal Bank of Canada now owns 80,608 shares of the company’s stock valued at $812,000 after purchasing an additional 40,294 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Perimeter Solutions by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company’s stock valued at $801,000 after purchasing an additional 3,428 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Perimeter Solutions by 4.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,188 shares of the company’s stock valued at $3,305,000 after purchasing an additional 14,949 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of Perimeter Solutions during the second quarter valued at $2,128,000. 89.93% of the stock is owned by institutional investors and hedge funds.
Perimeter Solutions Trading Up 0.1%
Shares of PRM stock opened at $31.15 on Tuesday. The stock has a 50-day simple moving average of $27.47 and a 200 day simple moving average of $27.06. Perimeter Solutions, SA has a fifty-two week low of $11.58 and a fifty-two week high of $34.89. The stock has a market capitalization of $5.08 billion, a P/E ratio of -23.24 and a beta of 1.93. The company has a quick ratio of 1.61, a current ratio of 3.09 and a debt-to-equity ratio of 1.01.
Insider Transactions at Perimeter Solutions
In related news, CEO Haitham Khouri sold 117,511 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $31.19, for a total transaction of $3,665,168.09. Following the completion of the transaction, the chief executive officer owned 1,874,615 shares of the company’s stock, valued at $58,469,241.85. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kyle Sable sold 150,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $31.52, for a total value of $4,728,000.00. Following the transaction, the chief financial officer directly owned 20,000 shares of the company’s stock, valued at $630,400. This represents a 88.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,129,535 shares of company stock worth $32,569,161. Corporate insiders own 13.10% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on PRM shares. Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. UBS Group raised their price target on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Weiss Ratings raised Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Finally, Morgan Stanley raised their price target on Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.
Get Our Latest Analysis on Perimeter Solutions
Perimeter Solutions Company Profile
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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