Teacher Retirement System of Texas Sells 27,028 Shares of Perimeter Solutions, SA $PRM

Teacher Retirement System of Texas cut its position in Perimeter Solutions, SA (NYSE:PRM) by 20.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 107,866 shares of the company’s stock after selling 27,028 shares during the period. Teacher Retirement System of Texas’ holdings in Perimeter Solutions were worth $2,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PRM. GAMMA Investing LLC lifted its stake in Perimeter Solutions by 16.4% in the third quarter. GAMMA Investing LLC now owns 3,577 shares of the company’s stock valued at $80,000 after acquiring an additional 504 shares during the last quarter. Templeton & Phillips Capital Management LLC lifted its stake in Perimeter Solutions by 0.5% in the 2nd quarter. Templeton & Phillips Capital Management LLC now owns 189,919 shares of the company’s stock valued at $2,644,000 after purchasing an additional 920 shares during the last quarter. Comerica Bank grew its holdings in Perimeter Solutions by 45.0% during the first quarter. Comerica Bank now owns 4,267 shares of the company’s stock worth $43,000 after purchasing an additional 1,324 shares during the period. Cullen Frost Bankers Inc. increased its position in Perimeter Solutions by 161.2% during the second quarter. Cullen Frost Bankers Inc. now owns 3,124 shares of the company’s stock worth $43,000 after buying an additional 1,928 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in Perimeter Solutions by 1,450.0% during the third quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock worth $47,000 after buying an additional 1,972 shares during the last quarter. 89.93% of the stock is owned by institutional investors.

Insider Activity at Perimeter Solutions

In other Perimeter Solutions news, CFO Kyle Sable sold 100,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $28.47, for a total value of $2,847,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 10.00% of the company’s stock.

Perimeter Solutions Stock Down 2.0%

PRM stock opened at $25.96 on Friday. Perimeter Solutions, SA has a fifty-two week low of $8.76 and a fifty-two week high of $29.88. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.22 and a quick ratio of 1.72. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 61.82 and a beta of 1.97. The business’s fifty day moving average price is $27.98 and its two-hundred day moving average price is $23.42.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, October 30th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. Perimeter Solutions had a net margin of 12.26% and a return on equity of 17.33%. The firm had revenue of $315.44 million for the quarter, compared to analyst estimates of $238.27 million. On average, equities analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Perimeter Solutions in a research note on Thursday, January 22nd. Morgan Stanley set a $35.00 price objective on shares of Perimeter Solutions in a research report on Monday, December 15th. UBS Group downgraded shares of Perimeter Solutions from a “buy” rating to a “neutral” rating and upped their price objective for the company from $30.00 to $31.00 in a report on Monday, January 12th. Finally, Zacks Research cut shares of Perimeter Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $33.00.

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.