UBS Group AG Decreases Stock Position in Perimeter Solutions, SA $PRM

UBS Group AG cut its stake in Perimeter Solutions, SA (NYSE:PRM) by 40.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 339,607 shares of the company’s stock after selling 227,715 shares during the period. UBS Group AG’s holdings in Perimeter Solutions were worth $9,349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in Perimeter Solutions in the third quarter valued at $27,000. TD Private Client Wealth LLC boosted its holdings in 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 during the period. EverSource Wealth Advisors LLC purchased a new position in Perimeter Solutions in the second quarter valued at $42,000. Ancora Advisors LLC lifted its holdings in Perimeter Solutions by 219.0% during the 3rd quarter. Ancora Advisors LLC now owns 3,190 shares of the company’s stock worth $71,000 after buying an additional 2,190 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Perimeter Solutions by 321.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,618 shares of the company’s stock worth $77,000 after buying an additional 2,759 shares during the last quarter. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Perimeter Solutions Stock Down 2.3%

PRM opened at $33.21 on Friday. The business has a 50 day moving average price of $26.41 and a two-hundred day moving average price of $26.64. The company has a quick ratio of 2.42, a current ratio of 3.09 and a debt-to-equity ratio of 1.01. The company has a market cap of $5.42 billion, a PE ratio of -24.78 and a beta of 1.93. Perimeter Solutions, SA has a 52 week low of $11.55 and a 52 week high of $34.89.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $125.07 million during the quarter, compared to the consensus estimate of $121.80 million. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%. As a group, research analysts anticipate that Perimeter Solutions, SA will post 1.91 EPS for the current year.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, Director William N. Thorndike, Jr. sold 100,000 shares of the company’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 directly owned 8,635,656 shares of the company’s stock, valued at $204,060,551.28. This represents a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kyle Sable sold 49,540 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $33.09, for a total value of $1,639,278.60. Following the sale, the chief financial officer directly owned 49,540 shares of the company’s stock, valued at approximately $1,639,278.60. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 900,000 shares of company stock valued at $25,285,053 in the last ninety days. Insiders own 13.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group lifted their price target on Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Morgan Stanley lifted their price target on Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Finally, Weiss Ratings raised Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Perimeter Solutions has an average rating of “Moderate Buy” and a consensus price target of $37.00.

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.