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

Perimeter Solutions, SA (NYSE:PRM) major shareholder Windacre Partnership Llc sold 1,875,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $33.90, for a total transaction of $63,562,500.00. Following the completion of the transaction, the insider owned 16,148,621 shares of the company’s stock, valued at $547,438,251.90. This trade represents a 10.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares 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 shares were sold at an average price of $33.00, for a total transaction of $14,437,500.00.
• On Friday, June 26th, Windacre Partnership Llc sold 3,393,479 shares of Perimeter Solutions stock. The stock was sold at an average price of $34.66, for a total transaction of $117,617,982.14.

Perimeter Solutions Price Performance

NYSE PRM traded up $3.03 on Tuesday, hitting $35.76. The stock had a trading volume of 2,248,133 shares, compared to its average volume of 1,947,922. Perimeter Solutions, SA has a 52-week low of $13.78 and a 52-week high of $38.17. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.61 and a current ratio of 3.09. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of -26.68 and a beta of 1.92. The firm has a 50-day moving average of $32.69 and a 200-day moving average of $28.38.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley boosted their target price on Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. UBS Group raised their price target on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research upgraded Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, CJS Securities initiated coverage on shares of Perimeter Solutions in a research report on Tuesday, June 9th. They issued a “market outperform” rating and a $48.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $40.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Arax Advisory Partners raised its stake in shares of Perimeter Solutions by 122.8% during the fourth quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock worth $29,000 after acquiring an additional 577 shares in the last quarter. 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 in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of Perimeter Solutions in the 2nd quarter valued at $42,000. Comerica Bank grew its holdings in shares of Perimeter Solutions by 45.0% during the 1st quarter. Comerica Bank now owns 4,267 shares of the company’s stock valued at $43,000 after purchasing an additional 1,324 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Perimeter Solutions by 55.7% in the 4th quarter. Larson Financial Group LLC now owns 2,514 shares of the company’s stock worth $69,000 after purchasing an additional 899 shares during the period. 89.93% of the stock is currently owned by institutional investors.

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.