Key Points
- CFO Kyle Sable sold 100,000 shares of Perimeter Solutions on December 12 at an average price of $28.47, totaling about $2.847 million, according to an SEC filing.
- The company posted an earnings beat on October 30 with $0.82 EPS versus $0.68 expected and $315.44 million in revenue (vs. $238.27M est.), showing a 12.26% net margin and 17.33% ROE.
- Shares trade near their one‑year high (about $28–$29), the stock has a $4.14 billion market cap, and analysts hold a consensus "Buy" rating with an average price target of $30.
Perimeter Solutions, SA (NYSE:PRM - Get Free Report) CFO Kyle Sable sold 100,000 shares of Perimeter Solutions stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $28.47, for a total value of $2,847,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Perimeter Solutions Trading Down 0.7%
Shares of PRM opened at $27.96 on Wednesday. Perimeter Solutions, SA has a one year low of $8.76 and a one year high of $29.78. The stock has a 50-day moving average price of $25.09 and a 200 day moving average price of $20.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.22. The company has a market capitalization of $4.14 billion, a P/E ratio of 66.58 and a beta of 1.96.
Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.14. The company had revenue of $315.44 million for the quarter, compared to analyst estimates of $238.27 million. Perimeter Solutions had a return on equity of 17.33% and a net margin of 12.26%. Sell-side analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently issued reports on PRM shares. UBS Group upped their price target on shares of Perimeter Solutions from $21.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, September 30th. Zacks Research upgraded shares of Perimeter Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Perimeter Solutions in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $35.00 price objective on Perimeter Solutions in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $30.00.
Read Our Latest Report on PRM
Institutional Trading of Perimeter Solutions
A number of institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp bought a new position in shares of Perimeter Solutions in the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new stake in Perimeter Solutions during the second quarter worth about $42,000. Cullen Frost Bankers Inc. lifted its holdings in Perimeter Solutions by 161.2% in the second quarter. Cullen Frost Bankers Inc. now owns 3,124 shares of the company's stock worth $43,000 after acquiring an additional 1,928 shares during the last quarter. Comerica Bank boosted its stake in Perimeter Solutions by 45.0% in the first quarter. Comerica Bank now owns 4,267 shares of the company's stock valued at $43,000 after acquiring an additional 1,324 shares during the period. Finally, Brown Lisle Cummings Inc. acquired a new position in Perimeter Solutions in the third quarter valued at approximately $45,000. 89.93% of the stock is owned by institutional investors and hedge funds.
Perimeter Solutions Company Profile
(
Get Free Report)
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.
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