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 that occurred 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 of the company's stock, valued at $594,779,493. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases 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 Trading Up 9.2%
Shares of NYSE:PRM opened at $35.76 on Wednesday. The business's 50 day simple moving average is $32.69 and its 200 day simple moving average is $28.38. Perimeter Solutions, SA has a 1 year low of $13.78 and a 1 year high of $38.17. 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 company has a market capitalization of $5.83 billion, a P/E ratio of -26.68 and a beta of 1.92.
Perimeter Solutions (NYSE:PRM - Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $125.07 million for the quarter, compared to analyst estimates of $121.80 million. Perimeter Solutions had a negative net margin of 26.93% and a positive return on equity of 18.29%. On average, research analysts anticipate that Perimeter Solutions, SA will post 1.78 EPS for the current fiscal year.
Institutional Investors Weigh In On Perimeter Solutions
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arax Advisory Partners grew its holdings in shares of Perimeter Solutions by 122.8% in the fourth quarter. Arax Advisory Partners now owns 1,047 shares of the company's stock valued at $29,000 after acquiring an additional 577 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Perimeter Solutions by 51.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company's stock worth $31,000 after purchasing an additional 389 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Perimeter Solutions in the second quarter worth $42,000. Comerica Bank grew its stake in Perimeter Solutions by 45.0% in the 1st 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. Finally, Larson Financial Group LLC grew its stake in Perimeter Solutions by 55.7% in the 4th quarter. Larson Financial Group LLC now owns 2,514 shares of the company's stock valued at $69,000 after purchasing an additional 899 shares during the period. Hedge funds and other institutional investors own 89.93% of the company's stock.
Wall Street Analysts Forecast Growth
PRM has been the subject of several research reports. Zacks Research upgraded Perimeter Solutions from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 14th. Wall Street Zen raised Perimeter Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. UBS Group raised their price objective on shares of Perimeter Solutions from $30.00 to $34.00 and gave the company a "buy" rating in a report on Thursday, May 7th. CJS Securities began coverage on shares of Perimeter Solutions in a research report on Tuesday, June 9th. They set a "market outperform" rating and a $48.00 target price on the stock. Finally, Weiss Ratings raised shares of Perimeter Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $40.67.
View Our Latest Report on Perimeter Solutions
Perimeter Solutions Company Profile
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Get 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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