Knights of Columbus Asset Advisors LLC Acquires New Stake in Perimeter Solutions, SA $PRM

Knights of Columbus Asset Advisors LLC bought a new stake in Perimeter Solutions, SA (NYSE:PRM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 94,143 shares of the company’s stock, valued at approximately $2,478,000.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings 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 worth $56,000 after acquiring an additional 383 shares in the last quarter. GAMMA Investing LLC increased its holdings in Perimeter Solutions by 9.0% during the 2nd quarter. GAMMA Investing LLC now owns 5,127 shares of the company’s stock valued at $183,000 after purchasing an additional 425 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Perimeter Solutions during the 2nd quarter valued at $26,000. State of Wyoming increased its holdings in Perimeter Solutions by 60.8% during the 3rd quarter. State of Wyoming now owns 2,176 shares of the company’s stock valued at $57,000 after purchasing an additional 823 shares in the last quarter. Finally, Keybank National Association OH raised its position in Perimeter Solutions by 11.9% in the 3rd quarter. Keybank National Association OH now owns 8,581 shares of the company’s stock valued at $226,000 after purchasing an additional 915 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Trading Down 0.2%

Shares of NYSE PRM opened at $30.67 on Thursday. Perimeter Solutions, SA has a 1-year low of $20.38 and a 1-year high of $38.17. The company has a 50-day moving average of $29.05 and a two-hundred day moving average of $29.63. The company has a market cap of $5.02 billion, a PE ratio of 235.96 and a beta of 1.91. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.92.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.11). Perimeter Solutions had a net margin of 6.68% and a return on equity of 19.86%. The company had revenue of $389.87 million for the quarter, compared to the consensus estimate of $381.45 million. As a group, equities analysts expect that Perimeter Solutions, SA will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PRM has been the topic of a number of recent analyst reports. Zacks Research raised Perimeter Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 15th. Weiss Ratings upgraded Perimeter Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, October 19th. JPMorgan Chase & Co. decreased their target price on Perimeter Solutions from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Finally, UBS Group lowered their target price on Perimeter Solutions from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.50.

About Perimeter Solutions

Perimeter Solutions is a global provider of fire safety products and specialty chemicals. Its fire safety business develops products used to prevent and suppress wildfires and to fight structural and industrial fires, including long-term fire retardants, firefighting foams and related agents. Its PHOS-CHEK brand is used in wildfire management. The company also makes lubricant additives, including phosphorus-based products used in industrial and transportation applications. Its products serve customers in multiple regions around the world, including firefighting agencies and operators that rely on specialty chemical solutions.