New York State Common Retirement Fund Has $1.41 Million Stock Holdings in Perimeter Solutions, SA $PRM

New York State Common Retirement Fund lifted its holdings in shares of Perimeter Solutions, SA (NYSE:PRM) by 56.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,062 shares of the company’s stock after purchasing an additional 22,689 shares during the quarter. New York State Common Retirement Fund’s holdings in Perimeter Solutions were worth $1,412,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. TD Waterhouse Canada Inc. grew its holdings in Perimeter Solutions by 15.2% during the third quarter. TD Waterhouse Canada Inc. now owns 60,600 shares of the company’s stock valued at $1,328,000 after purchasing an additional 7,980 shares during the last quarter. Federated Hermes Inc. raised its holdings in Perimeter Solutions by 52,387.7% in the 3rd quarter. Federated Hermes Inc. now owns 298,130 shares of the company’s stock worth $6,675,000 after acquiring an additional 297,562 shares during the period. TD Private Client Wealth LLC raised its holdings in Perimeter Solutions by 1,450.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock worth $47,000 after acquiring an additional 1,972 shares during the period. Nordea Investment Management AB lifted its position in Perimeter Solutions by 3.2% during the 3rd quarter. Nordea Investment Management AB now owns 555,662 shares of the company’s stock worth $12,102,000 after acquiring an additional 17,295 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Perimeter Solutions during the third quarter valued at about $140,000. Institutional investors own 89.93% of the company’s stock.

Insider Activity

In related news, CFO Kyle Sable sold 100,000 shares of Perimeter Solutions stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $28.47, for a total transaction of $2,847,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. UBS Group cut Perimeter Solutions from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $30.00 to $31.00 in a research report on Monday, January 12th. Morgan Stanley set a $35.00 price target on Perimeter Solutions in a report on Monday, December 15th. Zacks Research cut Perimeter Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Perimeter Solutions in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.00.

Perimeter Solutions Stock Performance

NYSE PRM opened at $27.18 on Tuesday. Perimeter Solutions, SA has a twelve month low of $8.76 and a twelve month high of $29.88. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 0.61. The company’s 50-day simple moving average is $27.87 and its 200 day simple moving average is $24.00. The stock has a market cap of $4.02 billion, a P/E ratio of 64.72 and a beta of 1.96.

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.