Bessemer Group Inc. Reduces Position in Perimeter Solutions, SA $PRM

Bessemer Group Inc. trimmed its holdings in Perimeter Solutions, SA (NYSE:PRM) by 34.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 658,937 shares of the company’s stock after selling 348,031 shares during the period. Bessemer Group Inc. owned 0.45% of Perimeter Solutions worth $14,753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PRM. Jones Financial Companies Lllp purchased a new stake in Perimeter Solutions during the 3rd quarter valued at about $27,000. Brown Lisle Cummings Inc. acquired a new position in shares of Perimeter Solutions during the 3rd quarter worth approximately $45,000. TD Private Client Wealth LLC grew its position in shares of Perimeter Solutions by 1,450.0% in the third quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock valued at $47,000 after purchasing an additional 1,972 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Perimeter Solutions in the second quarter valued at approximately $42,000. Finally, Cullen Frost Bankers Inc. lifted its position in Perimeter Solutions by 161.2% during the second quarter. Cullen Frost Bankers Inc. now owns 3,124 shares of the company’s stock worth $43,000 after buying an additional 1,928 shares in the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Perimeter Solutions

In related news, CFO Kyle Sable sold 100,000 shares of Perimeter Solutions stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $28.47, for a total value of $2,847,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Perimeter Solutions Trading Up 3.2%

NYSE PRM opened at $26.99 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.22 and a quick ratio of 1.72. The stock has a market capitalization of $3.99 billion, a P/E ratio of 64.26 and a beta of 1.96. The firm’s 50-day moving average is $27.88 and its two-hundred day moving average is $23.82. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $29.88.

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.