KFG Wealth Management LLC Increases Holdings in Perimeter Solutions, SA $PRM

KFG Wealth Management LLC raised its holdings in shares of Perimeter Solutions, SA (NYSE:PRM) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 686,892 shares of the company’s stock after purchasing an additional 16,203 shares during the period. Perimeter Solutions accounts for about 2.1% of KFG Wealth Management LLC’s holdings, making the stock its 11th largest holding. KFG Wealth Management LLC’s holdings in Perimeter Solutions were worth $18,704,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Abacus Wealth Partners LLC bought a new position in shares of Perimeter Solutions in the 4th quarter worth about $523,000. Bessemer Group Inc. lifted its position in Perimeter Solutions by 61.2% during the 1st quarter. Bessemer Group Inc. now owns 1,064,925 shares of the company’s stock valued at $26,006,000 after acquiring an additional 404,417 shares during the period. Sei Investments Co. boosted its stake in Perimeter Solutions by 100.1% during the first quarter. Sei Investments Co. now owns 90,407 shares of the company’s stock worth $2,208,000 after acquiring an additional 45,227 shares in the last quarter. Argos Wealth Advisors LLC bought a new stake in Perimeter Solutions during the fourth quarter worth about $961,000. Finally, Bank of America Corp DE grew its holdings in Perimeter Solutions by 4.8% in the first quarter. Bank of America Corp DE now owns 1,738,095 shares of the company’s stock worth $42,444,000 after purchasing an additional 79,083 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Insider Activity

In other news, major shareholder Windacre Partnership Llc sold 1,875,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $33.90, for a total transaction of $63,562,500.00. Following the sale, the insider owned 16,148,621 shares of the company’s stock, valued at $547,438,251.90. This trade represents a 10.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 5,705,979 shares of company stock worth $195,617,982. Company insiders own 13.10% of the company’s stock.

Perimeter Solutions Trading Up 2.4%

Shares of NYSE:PRM opened at $31.08 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 0.93. Perimeter Solutions, SA has a 1 year low of $19.70 and a 1 year high of $38.17. The company has a market cap of $5.09 billion, a P/E ratio of -13.94 and a beta of 1.90. The stock’s fifty day moving average price is $33.45 and its 200-day moving average price is $30.18.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Friday, July 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). Perimeter Solutions had a positive return on equity of 19.15% and a negative net margin of 44.86%.The business had revenue of $213.81 million during the quarter, compared to the consensus estimate of $216.89 million. Sell-side analysts expect that Perimeter Solutions, SA will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Perimeter Solutions from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Zacks Research downgraded Perimeter Solutions from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. 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 note on Monday, May 11th. Weiss Ratings downgraded Perimeter Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Finally, UBS Group lifted their price target on Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $41.75.

Perimeter Solutions 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.