Perimeter Solutions (NYSE:PRM) Major Shareholder Windacre Partnership Llc Sells 437,500 Shares

Perimeter Solutions, SA (NYSE:PRM) major shareholder Windacre Partnership Llc sold 437,500 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $33.00, for a total value of $14,437,500.00. Following the completion of the sale, the insider owned 18,023,621 shares in the company, valued at approximately $594,779,493. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 shares were sold at an average price of $34.66, for a total transaction of $117,617,982.14.

Perimeter Solutions Price Performance

Shares of PRM traded up $3.03 during midday trading on Tuesday, reaching $35.76. The stock had a trading volume of 2,248,133 shares, compared to its average volume of 1,947,922. 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 firm’s 50 day moving average price is $32.69 and its 200-day moving average price is $28.38. Perimeter Solutions, SA has a 52 week low of $13.78 and a 52 week high of $38.17. 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) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $125.07 million during 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, analysts forecast that Perimeter Solutions, SA will post 1.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Perimeter Solutions

A number of institutional investors have recently bought and sold shares of the business. Abacus Wealth Partners LLC acquired a new stake in shares of Perimeter Solutions during the 4th quarter valued at about $523,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Perimeter Solutions by 239.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,900 shares of the company’s stock worth $1,524,000 after purchasing an additional 38,703 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in Perimeter Solutions by 395.5% during the third quarter. Tudor Investment Corp ET AL now owns 144,893 shares of the company’s stock worth $3,244,000 after purchasing an additional 115,653 shares during the period. Quantbot Technologies LP lifted its stake in Perimeter Solutions by 1,645.6% during the third quarter. Quantbot Technologies LP now owns 55,876 shares of the company’s stock worth $1,251,000 after purchasing an additional 52,675 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Perimeter Solutions by 197.2% during the fourth quarter. SG Americas Securities LLC now owns 230,940 shares of the company’s stock valued at $6,358,000 after purchasing an additional 153,228 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on PRM shares. Weiss Ratings upgraded shares of Perimeter Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Morgan Stanley lifted their target price on shares of Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. UBS Group boosted their price target 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 initiated coverage on shares of Perimeter Solutions in a research note on Tuesday, June 9th. They issued a “market outperform” rating and a $48.00 price target on the stock. Finally, Wall Street Zen upgraded Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Perimeter Solutions has a consensus rating of “Buy” and an average price target of $40.67.

About Perimeter Solutions

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.