Perimeter Solutions (NYSE:PRM) Major Shareholder Windacre Partnership Llc Sells 3,393,479 Shares

Perimeter Solutions, SA (NYSE:PRM) major shareholder Windacre Partnership Llc sold 3,393,479 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $34.66, for a total value of $117,617,982.14. Following the completion of the transaction, the insider owned 18,461,121 shares in the company, valued at approximately $639,862,453.86. The trade was a 15.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 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 stock was sold at an average price of $33.90, for a total value of $63,562,500.00.
• On Monday, June 29th, Windacre Partnership Llc sold 437,500 shares of Perimeter Solutions stock. The stock was sold at an average price of $33.00, for a total value of $14,437,500.00.

Perimeter Solutions Stock Performance

Shares of PRM traded up $3.03 during mid-day trading on Tuesday, hitting $35.76. The stock had a trading volume of 2,248,133 shares, compared to its average volume of 1,947,922. Perimeter Solutions, SA has a 52 week low of $13.78 and a 52 week 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 business has a fifty day moving average price of $32.69 and a 200-day moving average price of $28.38. The firm has a market cap 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 results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $125.07 million during the quarter, compared to the consensus estimate of $121.80 million. On average, equities research analysts expect that Perimeter Solutions, SA will post 1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently 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. Wall Street Zen upgraded shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley increased their target price on Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. UBS Group boosted their price objective on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, CJS Securities started coverage on Perimeter Solutions in a research note on Tuesday, June 9th. They issued a “market outperform” rating and a $48.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $40.67.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Abacus Wealth Partners LLC purchased a new stake in shares of Perimeter Solutions in the 4th quarter valued at about $523,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Perimeter Solutions by 239.0% in the 4th 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 raised its holdings in shares of Perimeter Solutions by 395.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 144,893 shares of the company’s stock valued at $3,244,000 after buying an additional 115,653 shares in the last quarter. Quantbot Technologies LP lifted its position in Perimeter Solutions by 1,645.6% in the 3rd quarter. Quantbot Technologies LP now owns 55,876 shares of the company’s stock worth $1,251,000 after buying an additional 52,675 shares during the last quarter. Finally, Argos Wealth Advisors LLC bought a new stake in Perimeter Solutions in the 4th quarter worth approximately $961,000. Institutional investors own 89.93% of the company’s stock.

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.