Perimeter Solutions, SA $PRM Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp raised its holdings in Perimeter Solutions, SA (NYSE:PRM) by 36.9% during the third quarter, HoldingsChannel.com reports. The fund owned 236,966 shares of the company’s stock after purchasing an additional 63,832 shares during the period. King Luther Capital Management Corp’s holdings in Perimeter Solutions were worth $6,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Knights of Columbus Asset Advisors LLC bought a new position in shares of Perimeter Solutions in the third quarter worth about $2,478,000. Keybank National Association OH boosted its position in Perimeter Solutions by 11.9% in the third quarter. Keybank National Association OH now owns 8,581 shares of the company’s stock valued at $226,000 after buying an additional 915 shares in the last quarter. Ethic Inc. acquired a new stake in Perimeter Solutions in the third quarter valued at approximately $477,000. Pictet Asset Management Holding SA lifted its stake in shares of Perimeter Solutions by 7.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 23,889 shares of the company’s stock valued at $629,000 after acquiring an additional 1,575 shares during the last quarter. Finally, CenterBook Partners LP boosted its holdings in shares of Perimeter Solutions by 139.9% during the 3rd quarter. CenterBook Partners LP now owns 387,773 shares of the company’s stock valued at $10,206,000 after acquiring an additional 226,103 shares in the last quarter. Institutional investors own 89.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PRM has been the subject of a number of recent research reports. 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 report on Tuesday, September 29th. JPMorgan Chase & Co. cut their price target on Perimeter Solutions from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings upgraded Perimeter Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, October 19th. Finally, Zacks Research raised Perimeter Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Perimeter Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

Perimeter Solutions Price Performance

PRM stock opened at $29.70 on Friday. The company has a market capitalization of $4.86 billion, a P/E ratio of 228.45 and a beta of 1.91. The company has a fifty day moving average price of $29.02 and a 200-day moving average price of $29.64. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.93 and a current ratio of 2.79. Perimeter Solutions, SA has a 52-week low of $20.38 and a 52-week high of $38.17.

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

Perimeter Solutions Profile

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.