Windacre Partnership Llc Sells 3,393,479 Shares of Perimeter Solutions (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) major shareholder Windacre Partnership Llc sold 3,393,479 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $34.66, for a total value of $117,617,982.14. Following the completion of the sale, the insider directly owned 18,461,121 shares in the company, valued at approximately $639,862,453.86. The trade was a 15.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Tuesday, June 30th, Windacre Partnership Llc sold 1,875,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $33.90, for a total value of $63,562,500.00.
• 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.

Perimeter Solutions Stock Performance

Shares of Perimeter Solutions stock opened at $34.59 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.09 and a quick ratio of 1.61. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of -25.81 and a beta of 1.89. The business has a 50-day moving average of $32.80 and a 200 day moving average of $28.42. Perimeter Solutions, SA has a 12 month low of $14.39 and a 12 month high of $38.17.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on PRM shares. CJS Securities began coverage on shares of Perimeter Solutions in a research note on Tuesday, June 9th. They issued a “market outperform” rating and a $48.00 price target for the company. Zacks Research upgraded Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Morgan Stanley boosted their target price on Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. UBS Group upped 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. Finally, Weiss Ratings raised Perimeter Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Perimeter Solutions presently has a consensus rating of “Buy” and a consensus target price of $40.67.

Institutional Trading of Perimeter Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Perimeter Solutions by 20.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,295 shares of the company’s stock valued at $56,000 after purchasing an additional 383 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Perimeter Solutions by 51.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock worth $31,000 after buying an additional 389 shares during the period. Allworth Financial LP lifted its stake in Perimeter Solutions by 14.1% in the fourth quarter. Allworth Financial LP now owns 4,100 shares of the company’s stock valued at $113,000 after buying an additional 508 shares during the last quarter. Comerica Bank boosted its holdings in shares of Perimeter Solutions by 12.2% in the third quarter. Comerica Bank now owns 5,019 shares of the company’s stock valued at $112,000 after acquiring an additional 547 shares during the period. Finally, Arax Advisory Partners grew its position in shares of Perimeter Solutions by 122.8% during the fourth quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock worth $29,000 after acquiring an additional 577 shares during the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors.

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.