SG Americas Securities LLC Boosts Stock Holdings in Perimeter Solutions, SA $PRM

SG Americas Securities LLC grew its holdings in Perimeter Solutions, SA (NYSE:PRM) by 39.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,712 shares of the company’s stock after purchasing an additional 22,093 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of Perimeter Solutions worth $1,740,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brown Lisle Cummings Inc. purchased a new position in Perimeter Solutions during the third quarter valued at approximately $45,000. EverSource Wealth Advisors LLC purchased a new stake in Perimeter Solutions during the second quarter worth $42,000. Cullen Frost Bankers Inc. boosted 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 acquiring an additional 1,928 shares in the last quarter. GAMMA Investing LLC boosted its position in Perimeter Solutions by 16.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,577 shares of the company’s stock valued at $80,000 after acquiring an additional 504 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Perimeter Solutions by 45.0% in the 1st quarter. Comerica Bank now owns 4,267 shares of the company’s stock valued at $43,000 after acquiring an additional 1,324 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Insider Buying and Selling

In other Perimeter Solutions news, CFO Kyle Sable sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $28.47, for a total transaction of $2,847,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 10.00% of the stock is owned by company insiders.

Perimeter Solutions Trading Up 3.4%

Shares of NYSE:PRM opened at $29.33 on Friday. The business’s 50-day moving average is $27.55 and its 200 day moving average is $22.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.22 and a quick ratio of 1.72. Perimeter Solutions, SA has a 1 year low of $8.76 and a 1 year high of $29.88. The firm has a market capitalization of $4.34 billion, a P/E ratio of 69.83 and a beta of 1.97.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.14. Perimeter Solutions had a return on equity of 17.33% and a net margin of 12.26%.The business had revenue of $315.44 million during the quarter, compared to the consensus estimate of $238.27 million. On average, research analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. UBS Group cut Perimeter Solutions from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $30.00 to $31.00 in a research note on Monday. Morgan Stanley set a $35.00 target price on shares of Perimeter Solutions in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Perimeter Solutions in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Perimeter Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.00.

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.