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

Perimeter Solutions, SA (NYSE:PRM) major shareholder Windacre Partnership Llc sold 3,393,479 shares of the company’s stock in a transaction dated 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 sale, the insider owned 18,461,121 shares of the company’s stock, valued at $639,862,453.86. This represents a 15.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 transaction 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 transaction of $14,437,500.00.

Perimeter Solutions Stock Performance

PRM stock opened at $35.76 on Wednesday. Perimeter Solutions, SA has a 1-year low of $13.78 and a 1-year high of $38.17. 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 firm has a market cap of $5.83 billion, a PE ratio of -26.68 and a beta of 1.92. The business’s 50-day moving average price is $32.69 and its two-hundred day moving average price is $28.38.

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

Institutional Investors Weigh In On Perimeter Solutions

A number of institutional investors have recently added to or reduced their stakes in PRM. Arax Advisory Partners increased its position in Perimeter Solutions by 122.8% during the 4th quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock valued at $29,000 after purchasing an additional 577 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Perimeter Solutions by 51.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock valued at $31,000 after purchasing an additional 389 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Perimeter Solutions in the 2nd quarter valued at $42,000. Comerica Bank increased its position in shares of Perimeter Solutions by 45.0% during the first quarter. Comerica Bank now owns 4,267 shares of the company’s stock worth $43,000 after buying an additional 1,324 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Perimeter Solutions by 55.7% during the fourth quarter. Larson Financial Group LLC now owns 2,514 shares of the company’s stock worth $69,000 after buying an additional 899 shares during the period. 89.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.