Knights of Columbus Asset Advisors LLC Makes New Investment in Perimeter Solutions, SA $PRM

Knights of Columbus Asset Advisors LLC bought a new position in Perimeter Solutions, SA (NYSE:PRM) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 94,143 shares of the company’s stock, valued at approximately $2,478,000. Knights of Columbus Asset Advisors LLC owned 0.06% of Perimeter Solutions at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Management Professionals Inc. bought a new stake in Perimeter Solutions in the 2nd quarter valued at $26,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Perimeter Solutions by 20.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,295 shares of the company’s stock worth $56,000 after acquiring an additional 383 shares during the period. State of Wyoming lifted its holdings in shares of Perimeter Solutions by 60.8% during the 3rd quarter. State of Wyoming now owns 2,176 shares of the company’s stock worth $57,000 after acquiring an additional 823 shares during the period. Assetmark Inc. lifted its holdings in shares of Perimeter Solutions by 1,512.7% during the 1st quarter. Assetmark Inc. now owns 4,064 shares of the company’s stock worth $99,000 after acquiring an additional 3,812 shares during the period. Finally, Nykredit A S bought a new position in shares of Perimeter Solutions during the 2nd quarter worth about $99,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Analyst Ratings Changes

PRM has been the topic of a number of analyst reports. Zacks Research raised shares of Perimeter Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 15th. UBS Group cut their price target on shares of Perimeter Solutions from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. JPMorgan Chase & Co. cut their price target on shares of Perimeter Solutions from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Finally, Weiss Ratings raised Perimeter Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, October 19th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Perimeter Solutions presently has an average rating of “Moderate Buy” and an average price target of $41.50.

Perimeter Solutions Stock Down 0.2%

Shares of NYSE PRM opened at $30.67 on Thursday. The stock has a market cap of $5.02 billion, a PE ratio of 235.96 and a beta of 1.91. The business has a fifty day moving average of $29.05 and a two-hundred day moving average of $29.63. Perimeter Solutions, SA has a 52-week low of $20.38 and a 52-week high of $38.17. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.93 and a current ratio of 2.79.

Perimeter Solutions (NYSE:PRM) last issued its earnings results on Thursday, November 5th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.11). Perimeter Solutions had a net margin of 6.68% and a return on equity of 19.86%. The firm had revenue of $389.87 million during the quarter, compared to analyst estimates of $381.45 million. As a group, equities research analysts expect that Perimeter Solutions, SA will post 1.44 earnings per share for the current fiscal year.

About Perimeter Solutions

Perimeter Solutions is a global provider of fire safety products and specialty chemicals. Its fire safety business develops products used to prevent and suppress wildfires and to fight structural and industrial fires, including long-term fire retardants, firefighting foams and related agents. Its PHOS-CHEK brand is used in wildfire management. The company also makes lubricant additives, including phosphorus-based products used in industrial and transportation applications. Its products serve customers in multiple regions around the world, including firefighting agencies and operators that rely on specialty chemical solutions.