California State Teachers Retirement System Grows Stock Holdings in Perimeter Solutions, SA $PRM

California State Teachers Retirement System grew its position in Perimeter Solutions, SA (NYSE:PRM) by 24.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 164,346 shares of the company’s stock after acquiring an additional 32,073 shares during the period. California State Teachers Retirement System’s holdings in Perimeter Solutions were worth $4,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PRM. Abacus Wealth Partners LLC acquired a new position in Perimeter Solutions in the 4th quarter valued at about $523,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Perimeter Solutions by 239.0% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,900 shares of the company’s stock worth $1,524,000 after purchasing an additional 38,703 shares during the period. Tudor Investment Corp ET AL lifted its position in shares of Perimeter Solutions by 395.5% during the third quarter. Tudor Investment Corp ET AL now owns 144,893 shares of the company’s stock worth $3,244,000 after purchasing an additional 115,653 shares in the last quarter. Argos Wealth Advisors LLC acquired a new stake in shares of Perimeter Solutions during the fourth quarter worth about $961,000. Finally, Bessemer Group Inc. boosted its stake in shares of Perimeter Solutions by 61.2% in the first quarter. Bessemer Group Inc. now owns 1,064,925 shares of the company’s stock valued at $26,006,000 after purchasing an additional 404,417 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Insider Activity

In other news, major shareholder Windacre Partnership Llc sold 1,875,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $33.90, for a total value of $63,562,500.00. Following the sale, the insider directly owned 16,148,621 shares in the company, valued at approximately $547,438,251.90. This trade represents a 10.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Emery sold 53,537 shares of Perimeter Solutions stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $33.45, for a total transaction of $1,790,812.65. Following the sale, the insider directly owned 53,537 shares of the company’s stock, valued at approximately $1,790,812.65. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,189,014 shares of company stock valued at $211,248,393 over the last quarter. Company insiders own 13.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PRM. UBS Group lifted their price objective on shares of Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Morgan Stanley increased their target price on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Weiss Ratings raised shares of Perimeter Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th. Zacks Research downgraded shares of Perimeter Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. cut their price objective on Perimeter Solutions from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Perimeter Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $41.75.

Perimeter Solutions Stock Down 5.6%

PRM stock opened at $35.25 on Friday. The company’s 50 day moving average price is $34.19 and its 200 day moving average price is $29.54. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.61 and a current ratio of 1.57. Perimeter Solutions, SA has a fifty-two week low of $16.96 and a fifty-two week high of $38.17. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of -15.81 and a beta of 1.91.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Perimeter Solutions had a positive return on equity of 19.15% and a negative net margin of 44.86%.The firm had revenue of $213.81 million during the quarter, compared to analysts’ expectations of $216.89 million. On average, equities research analysts anticipate that Perimeter Solutions, SA will post 1.58 EPS for the current fiscal year.

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.