29,804 Shares in Perimeter Solutions, SA $PRM Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of Perimeter Solutions, SA (NYSE:PRMFree Report) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 29,804 shares of the company’s stock, valued at approximately $728,000.

A number of other large investors also recently bought and sold shares of PRM. Vanguard Group Inc. boosted its position in Perimeter Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 8,570,699 shares of the company’s stock worth $235,951,000 after purchasing an additional 156,788 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Perimeter Solutions by 4.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,145,141 shares of the company’s stock worth $115,188,000 after purchasing an additional 221,290 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Perimeter Solutions by 54.9% during the 4th quarter. Janus Henderson Group PLC now owns 3,691,773 shares of the company’s stock valued at $101,634,000 after purchasing an additional 1,308,602 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Perimeter Solutions by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 3,421,820 shares of the company’s stock valued at $94,218,000 after purchasing an additional 122,435 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Perimeter Solutions by 1.9% during the 4th quarter. State Street Corp now owns 3,200,527 shares of the company’s stock valued at $88,111,000 after purchasing an additional 59,597 shares in the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Perimeter Solutions

In related news, major shareholder Windacre Partnership Llc sold 3,393,479 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $34.66, for a total transaction of $117,617,982.14. Following the completion of the transaction, the insider owned 18,461,121 shares in the company, valued at $639,862,453.86. This represents a 15.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $4,728,000.00. Following the completion of the transaction, the chief financial officer directly owned 20,000 shares in the company, valued at $630,400. This represents a 88.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 6,385,514 shares of company stock valued at $217,464,393. 13.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PRM. JPMorgan Chase & Co. initiated coverage on shares of Perimeter Solutions in a report on Thursday. They set an “overweight” rating and a $50.00 price target on the stock. 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. Wall Street Zen downgraded shares of Perimeter Solutions from a “buy” rating to a “hold” rating in a research report on Sunday. UBS Group upped 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. Finally, CJS Securities assumed coverage on shares of Perimeter Solutions in a research note on Tuesday, June 9th. They set a “market outperform” rating and a $48.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $43.00.

Read Our Latest Report on PRM

Perimeter Solutions Stock Down 0.1%

Perimeter Solutions stock opened at $34.29 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.09 and a quick ratio of 1.61. The stock has a market capitalization of $5.59 billion, a PE ratio of -25.59 and a beta of 1.90. The business has a 50 day simple moving average of $33.27 and a 200-day simple moving average of $28.72. Perimeter Solutions, SA has a 12 month low of $15.43 and a 12 month high of $38.17.

Perimeter Solutions (NYSE:PRMGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%.The firm had revenue of $125.07 million for the quarter, compared to analyst estimates of $121.80 million. On average, analysts anticipate that Perimeter Solutions, SA will post 1.78 EPS for the current fiscal year.

Perimeter Solutions Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Perimeter Solutions (NYSE:PRM)

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