Perimeter Solutions (NYSE:PRM) Major Shareholder Windacre Partnership Llc Sells 437,500 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) major shareholder Windacre Partnership Llc sold 437,500 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $33.00, for a total transaction of $14,437,500.00. Following the completion of the sale, the insider directly owned 18,023,621 shares in the company, valued at approximately $594,779,493. The trade was a 2.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares 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 shares were sold at an average price of $33.90, for a total value of $63,562,500.00.
• 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 value of $117,617,982.14.

Perimeter Solutions Trading Up 9.2%

Shares of NYSE PRM 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 market cap of $5.83 billion, a PE 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 50-day moving average of $32.69 and a two-hundred day moving average of $28.38.

Perimeter Solutions (NYSE:PRM) last issued 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 positive return on equity of 18.29% and a negative net margin of 26.93%.The business had revenue of $125.07 million for the quarter, compared to analyst estimates of $121.80 million. As a group, equities analysts expect that Perimeter Solutions, SA will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PRM has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Weiss Ratings raised Perimeter Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. UBS Group boosted their target price on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. CJS Securities assumed coverage on Perimeter Solutions in a research report on Tuesday, June 9th. They set a “market outperform” rating and a $48.00 price target on the stock. Finally, Zacks Research upgraded Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Perimeter Solutions presently has a consensus rating of “Buy” and an average target price of $40.67.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PRM. Principal Financial Group Inc. raised its position in Perimeter Solutions by 15.0% during the first quarter. Principal Financial Group Inc. now owns 12,513,159 shares of the company’s stock worth $305,572,000 after acquiring an additional 1,634,158 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Perimeter Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 8,570,699 shares of the company’s stock valued at $235,951,000 after acquiring an additional 156,788 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Perimeter Solutions by 4.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,145,141 shares of the company’s stock worth $115,188,000 after purchasing an additional 221,290 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Perimeter Solutions by 8.6% during the 1st quarter. Janus Henderson Group PLC now owns 4,007,536 shares of the company’s stock worth $97,863,000 after purchasing an additional 315,763 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Perimeter Solutions by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 3,421,820 shares of the company’s stock valued at $94,218,000 after purchasing an additional 122,435 shares during the period. 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.