Perimeter Solutions, SA $PRM Stock: King Luther Capital Management Corp Grows Holdings

King Luther Capital Management Corp increased its holdings in Perimeter Solutions, SA (NYSE:PRM) by 36.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,966 shares of the company’s stock after buying an additional 63,832 shares during the period. King Luther Capital Management Corp owned 0.14% of Perimeter Solutions worth $6,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Knights of Columbus Asset Advisors LLC acquired a new stake in Perimeter Solutions during the third quarter worth approximately $2,478,000. Keybank National Association OH raised its holdings in Perimeter Solutions by 11.9% in the 3rd quarter. Keybank National Association OH now owns 8,581 shares of the company’s stock valued at $226,000 after acquiring an additional 915 shares in the last quarter. Ethic Inc. acquired a new position in Perimeter Solutions in the 3rd quarter valued at $477,000. Pictet Asset Management Holding SA lifted its position in shares of Perimeter Solutions by 7.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 23,889 shares of the company’s stock valued at $629,000 after acquiring an additional 1,575 shares during the period. Finally, CenterBook Partners LP lifted its position in shares of Perimeter Solutions by 139.9% during the 3rd quarter. CenterBook Partners LP now owns 387,773 shares of the company’s stock valued at $10,206,000 after acquiring an additional 226,103 shares during the period. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Stock Performance

NYSE PRM opened at $29.70 on Friday. The firm’s 50 day simple moving average is $29.02 and its 200 day simple moving average is $29.64. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 228.45 and a beta of 1.91. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.92. Perimeter Solutions, SA has a 1 year low of $20.38 and a 1 year high of $38.17.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $381.45 million. As a group, research analysts expect that Perimeter Solutions, SA will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.