New York State Common Retirement Fund Buys 22,689 Shares of Perimeter Solutions, SA $PRM

New York State Common Retirement Fund lifted its stake in Perimeter Solutions, SA (NYSE:PRM) by 56.2% in the third quarter, HoldingsChannel.com reports. The firm owned 63,062 shares of the company’s stock after purchasing an additional 22,689 shares during the quarter. New York State Common Retirement Fund’s holdings in Perimeter Solutions were worth $1,412,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brown Lisle Cummings Inc. bought a new stake in shares of Perimeter Solutions during the third quarter worth $45,000. TD Private Client Wealth LLC increased its position in Perimeter Solutions by 1,450.0% in the third quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock worth $47,000 after purchasing an additional 1,972 shares during the period. EverSource Wealth Advisors LLC bought a new stake in Perimeter Solutions during the 2nd quarter worth about $42,000. Cullen Frost Bankers Inc. lifted its position in Perimeter Solutions by 161.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,124 shares of the company’s stock valued at $43,000 after purchasing an additional 1,928 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Perimeter Solutions by 16.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,577 shares of the company’s stock valued at $80,000 after purchasing an additional 504 shares during the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley set a $35.00 price target on shares of Perimeter Solutions in a research note on Monday, December 15th. UBS Group cut shares of Perimeter Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $30.00 to $31.00 in a research report on Monday, January 12th. Zacks Research lowered Perimeter Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Perimeter Solutions in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.00.

Insider Activity

In related news, CFO Kyle Sable sold 100,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $28.47, for a total transaction of $2,847,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Perimeter Solutions Stock Performance

Shares of Perimeter Solutions stock opened at $27.18 on Tuesday. The stock’s fifty day simple moving average is $27.87 and its 200 day simple moving average is $24.00. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $4.02 billion, a PE ratio of 64.72 and a beta of 1.96. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $29.88.

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.