Perimeter Solutions (NYSE:PRM) Major Shareholder Windacre Partnership Llc Sells 1,875,000 Shares

Perimeter Solutions, SA (NYSE:PRM) major shareholder Windacre Partnership Llc sold 1,875,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $33.90, for a total value 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. The trade was a 10.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 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 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.
• 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

PRM opened at $35.76 on Wednesday. Perimeter Solutions, SA has a twelve month low of $13.78 and a twelve month high of $38.17. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of -26.68 and a beta of 1.92. The company has a current ratio of 3.09, a quick ratio of 1.61 and a debt-to-equity ratio of 1.01. The company has a fifty day simple moving average of $32.69 and a 200 day simple moving average of $28.38.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Perimeter Solutions had a negative net margin of 26.93% and a positive return on equity of 18.29%. The firm had revenue of $125.07 million for the quarter, compared to analysts’ expectations of $121.80 million. Equities research analysts expect that Perimeter Solutions, SA will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PRM shares. Wall Street Zen upgraded Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research upgraded Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. CJS Securities started coverage on Perimeter Solutions in a research note on Tuesday, June 9th. They set a “market outperform” rating and a $48.00 target price for the company. Weiss Ratings raised shares of Perimeter Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Finally, UBS Group raised their price objective on shares of Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $40.67.

Institutional Trading of Perimeter Solutions

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Perimeter Solutions by 4.8% during the first quarter. Bank of America Corp DE now owns 1,738,095 shares of the company’s stock worth $42,444,000 after buying an additional 79,083 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Perimeter Solutions by 8.6% in the first quarter. Janus Henderson Group PLC now owns 4,007,536 shares of the company’s stock valued at $97,863,000 after buying an additional 315,763 shares during the period. Amundi acquired a new position in shares of Perimeter Solutions in the 1st quarter valued at $482,000. EverSource Wealth Advisors LLC boosted its holdings in Perimeter Solutions by 20.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,295 shares of the company’s stock worth $56,000 after buying an additional 383 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Perimeter Solutions by 24.2% during the 1st quarter. California State Teachers Retirement System now owns 164,346 shares of the company’s stock worth $4,013,000 after acquiring an additional 32,073 shares during the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

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.