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

Perimeter Solutions, SA (NYSE:PRM) major shareholder Windacre Partnership Llc sold 1,875,000 shares of the company’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 transaction, the insider directly owned 16,148,621 shares in the company, valued at $547,438,251.90. The trade was a 10.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock 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 stock was sold at an average price of $33.00, for a total value of $14,437,500.00.
• 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 transaction of $117,617,982.14.

Perimeter Solutions Trading Down 3.0%

Shares of PRM stock opened at $34.59 on Thursday. The firm’s 50-day simple moving average is $32.80 and its 200-day simple moving average is $28.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.09 and a quick ratio of 1.61. Perimeter Solutions, SA has a 1-year low of $14.39 and a 1-year high of $38.17. The firm has a market cap of $5.64 billion, a P/E ratio of -25.81 and a beta of 1.89.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PRM shares. UBS Group boosted their price objective on shares of Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Zacks Research upgraded Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. 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 for the company. Weiss Ratings upgraded Perimeter Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen upgraded Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $40.67.

Institutional Trading of Perimeter Solutions

A number of institutional investors have recently added to or reduced their stakes in PRM. Comerica Bank boosted its position in shares of Perimeter Solutions by 45.0% in the first quarter. Comerica Bank now owns 4,267 shares of the company’s stock worth $43,000 after buying an additional 1,324 shares during the period. Royal Bank of Canada raised its holdings in shares of Perimeter Solutions by 100.0% during the 1st quarter. Royal Bank of Canada now owns 80,608 shares of the company’s stock valued at $812,000 after buying an additional 40,294 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Perimeter Solutions by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company’s stock worth $801,000 after acquiring an additional 3,428 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Perimeter Solutions by 4.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,188 shares of the company’s stock worth $3,305,000 after acquiring an additional 14,949 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in Perimeter Solutions in the 2nd quarter worth approximately $2,128,000. 89.93% of the stock is owned by hedge funds and other 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.