VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 34,550 Perimeter Solutions, SA $PRM

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Perimeter Solutions, SA (NYSE:PRM) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 34,550 shares of the company’s stock, valued at approximately $1,232,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of Perimeter Solutions by 20.0% in the first 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. boosted its position in shares of 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. GAMMA Investing LLC grew its holdings in Perimeter Solutions by 9.0% in the 2nd quarter. GAMMA Investing LLC now owns 5,127 shares of the company’s stock worth $183,000 after buying an additional 425 shares in the last quarter. Allworth Financial LP grew its holdings in Perimeter Solutions by 14.1% in the 4th quarter. Allworth Financial LP now owns 4,100 shares of the company’s stock worth $113,000 after buying an additional 508 shares in the last quarter. Finally, Comerica Bank increased its position in Perimeter Solutions by 12.2% in the 3rd 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. 89.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PRM has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Perimeter Solutions from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. CJS Securities began coverage on Perimeter Solutions in a report on Tuesday, June 9th. They set a “market outperform” rating and a $48.00 price target on the stock. Weiss Ratings downgraded shares of Perimeter Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Wall Street Zen cut shares of Perimeter Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Zacks Research downgraded shares of Perimeter Solutions from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Perimeter Solutions currently has a consensus rating of “Hold” and a consensus price target of $41.75.

Perimeter Solutions Stock Up 3.7%

Shares of PRM stock opened at $31.67 on Friday. Perimeter Solutions, SA has a 1 year low of $19.70 and a 1 year high of $38.17. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.93 and a current ratio of 1.57. The business’s fifty day moving average is $33.03 and its 200-day moving average is $30.41. The stock has a market cap of $5.18 billion, a PE ratio of -14.20 and a beta of 1.90.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Friday, July 31st. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $213.81 million for the quarter, compared to the consensus estimate of $216.89 million. Perimeter Solutions had a negative net margin of 44.86% and a positive return on equity of 19.15%. Equities analysts expect that Perimeter Solutions, SA will post 1.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Perimeter Solutions news, major shareholder Windacre Partnership Llc sold 1,875,000 shares of Perimeter Solutions stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $33.90, for a total value of $63,562,500.00. Following the transaction, the insider owned 16,148,621 shares in the company, valued at approximately $547,438,251.90. The trade was a 10.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 5,705,979 shares of company stock worth $195,617,982 in the last ninety days. Company insiders own 13.10% of the company’s stock.

Perimeter Solutions Company Profile

Perimeter Solutions, Inc is a specialty chemicals and fire-safety company that develops, manufactures and supplies products used in wildfire control, industrial fire protection and chemical applications. The company serves customers across North America and international markets through a portfolio of fire-safety and specialty chemical products.

Its fire-safety business provides firefighting foams, fire retardants and related solutions for wildland firefighting, aviation, military, industrial and municipal applications.