Universal Beteiligungs und Servicegesellschaft mbH Purchases 38,703 Shares of Perimeter Solutions, SA $PRM

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Perimeter Solutions, SA (NYSE:PRM) by 239.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 54,900 shares of the company’s stock after buying an additional 38,703 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Perimeter Solutions were worth $1,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Comerica Bank lifted its stake in shares of Perimeter Solutions by 12.2% in the third quarter. Comerica Bank now owns 5,019 shares of the company’s stock worth $112,000 after acquiring an additional 547 shares during the period. GAMMA Investing LLC lifted its stake in shares of Perimeter Solutions by 30.7% in the fourth quarter. GAMMA Investing LLC now owns 4,675 shares of the company’s stock worth $129,000 after acquiring an additional 1,098 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Perimeter Solutions in the third quarter worth approximately $27,000. TD Private Client Wealth LLC lifted its stake 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 worth $47,000 after acquiring an additional 1,972 shares during the period. Finally, Ancora Advisors LLC lifted its stake in shares of Perimeter Solutions by 219.0% in the third quarter. Ancora Advisors LLC now owns 3,190 shares of the company’s stock worth $71,000 after acquiring an additional 2,190 shares during the period. 89.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PRM. Weiss Ratings lowered Perimeter Solutions from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday, March 2nd. UBS Group raised Perimeter Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $30.00 in a research note on Tuesday, March 31st. Finally, Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Perimeter Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

Insider Activity at Perimeter Solutions

In other news, Director William N. Thorndike, Jr. sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $23.63, for a total transaction of $2,363,000.00. Following the completion of the sale, the director owned 8,635,656 shares in the company, valued at $204,060,551.28. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 450,000 shares of company stock worth $10,722,750 in the last ninety days. Insiders own 10.00% of the company’s stock.

Perimeter Solutions Trading Up 0.7%

NYSE PRM opened at $30.50 on Friday. The company has a market cap of $4.98 billion, a price-to-earnings ratio of -21.48 and a beta of 1.93. Perimeter Solutions, SA has a 52 week low of $10.23 and a 52 week high of $31.92. The business has a 50 day moving average price of $25.21 and a 200-day moving average price of $26.04. The company has a quick ratio of 2.42, a current ratio of 3.22 and a debt-to-equity ratio of 0.60.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Friday, February 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. The firm had revenue of $102.75 million during the quarter, compared to the consensus estimate of $94.05 million. Perimeter Solutions had a positive return on equity of 17.82% and a negative net margin of 31.61%. As a group, equities analysts expect that Perimeter Solutions, SA will post 1.47 earnings per share 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.