Wealth Enhancement Advisory Services LLC Has $894,000 Stock Holdings in Perimeter Solutions, SA $PRM

Wealth Enhancement Advisory Services LLC trimmed its stake in shares of Perimeter Solutions, SA (NYSE:PRM) by 88.1% during the third quarter, Holdings Channel reports. The firm owned 40,269 shares of the company’s stock after selling 299,280 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Perimeter Solutions were worth $894,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PRM. TD Private Client Wealth LLC grew its stake in shares of Perimeter Solutions by 1,450.0% during 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. Nordea Investment Management AB boosted its holdings in Perimeter Solutions by 3.2% during the third quarter. Nordea Investment Management AB now owns 555,662 shares of the company’s stock worth $12,102,000 after buying an additional 17,295 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Perimeter Solutions during the third quarter worth about $140,000. SG Americas Securities LLC increased its stake in shares of Perimeter Solutions by 39.7% in the 3rd quarter. SG Americas Securities LLC now owns 77,712 shares of the company’s stock valued at $1,740,000 after acquiring an additional 22,093 shares during the last quarter. Finally, Longboard Asset Management LP bought a new stake in Perimeter Solutions in the third quarter valued at approximately $231,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Perimeter Solutions Stock Up 1.5%

Perimeter Solutions stock opened at $26.61 on Wednesday. Perimeter Solutions, SA has a one year low of $8.76 and a one year high of $29.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.22. The firm has a market capitalization of $3.94 billion, a P/E ratio of 63.35 and a beta of 1.96. The company has a 50-day simple moving average of $27.95 and a 200-day simple moving average of $23.72.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group downgraded shares of Perimeter Solutions from a “buy” rating to a “neutral” rating and raised their target price for the stock from $30.00 to $31.00 in a report on Monday, January 12th. Zacks Research downgraded Perimeter Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Perimeter Solutions in a report on Thursday, January 22nd. Finally, Morgan Stanley set a $35.00 price target on Perimeter Solutions in a research report on Monday, December 15th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.00.

Insider Buying and Selling

In other Perimeter Solutions news, CFO Kyle Sable sold 100,000 shares of the stock in a transaction 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 through this hyperlink. Insiders own 10.00% of the company’s stock.

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.