Quantbot Technologies LP Raises Stock Holdings in Perimeter Solutions, SA $PRM

Quantbot Technologies LP boosted its position in Perimeter Solutions, SA (NYSE:PRM) by 1,645.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,876 shares of the company’s stock after purchasing an additional 52,675 shares during the quarter. Quantbot Technologies LP’s holdings in Perimeter Solutions were worth $1,251,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Choreo LLC purchased a new stake in shares of Perimeter Solutions in the 3rd quarter worth about $219,000. Fox Run Management L.L.C. bought a new stake in Perimeter Solutions during the third quarter worth about $268,000. Willow Creek Wealth Management Inc. purchased a new stake in Perimeter Solutions in the third quarter worth about $214,000. AXQ Capital LP bought a new position in shares of Perimeter Solutions during the third quarter valued at approximately $237,000. Finally, Hillsdale Investment Management Inc. increased its stake in shares of Perimeter Solutions by 1.9% during the third quarter. Hillsdale Investment Management Inc. now owns 344,840 shares of the company’s stock valued at $7,721,000 after purchasing an additional 6,370 shares in the last quarter. Institutional investors own 89.93% of the company’s stock.

Insider Transactions at Perimeter Solutions

In other news, CFO Kyle Sable sold 100,000 shares of the firm’s 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 SEC, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Perimeter Solutions Stock Performance

Shares of PRM opened at $24.34 on Friday. The company has a market cap of $3.64 billion, a price-to-earnings ratio of -17.14 and a beta of 1.98. The business’s fifty day simple moving average is $26.97 and its two-hundred day simple moving average is $24.98. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $29.88. The company has a current ratio of 3.22, a quick ratio of 1.72 and a debt-to-equity ratio of 0.60.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Perimeter Solutions had a positive return on equity of 17.82% and a negative net margin of 31.61%.The firm had revenue of $102.75 million for the quarter, compared to the consensus estimate of $94.05 million. Research analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PRM shares. UBS Group dropped their price target on Perimeter Solutions from $31.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday. Zacks Research cut Perimeter Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Morgan Stanley set a $35.00 price target on Perimeter Solutions in a report on Monday, December 15th. Finally, Weiss Ratings cut shares of Perimeter Solutions from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.50.

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.