Catalyst Funds Management Pty Ltd Invests $217,000 in Perimeter Solutions, SA $PRM

by · The Cerbat Gem

Catalyst Funds Management Pty Ltd purchased a new position in shares of Perimeter Solutions, SA (NYSE:PRM – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 15,600 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Perimeter Solutions by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 8,358,929 shares of the company’s stock worth $84,174,000 after buying an additional 147,336 shares during the last quarter. Geode Capital Management LLC raised its holdings in Perimeter Solutions by 3.1% during the second quarter. Geode Capital Management LLC now owns 3,292,279 shares of the company’s stock worth $45,834,000 after purchasing an additional 98,953 shares in the last quarter. Pennant Investors LP lifted its position in Perimeter Solutions by 8.8% in the first quarter. Pennant Investors LP now owns 2,470,000 shares of the company’s stock valued at $24,873,000 after purchasing an additional 200,000 shares during the period. Senator Investment Group LP boosted its holdings in Perimeter Solutions by 14.7% in the 1st quarter. Senator Investment Group LP now owns 2,350,000 shares of the company’s stock valued at $23,664,000 after purchasing an additional 300,882 shares in the last quarter. Finally, Equitable Trust Co. boosted its holdings in Perimeter Solutions by 5.4% in the 2nd quarter. Equitable Trust Co. now owns 2,253,341 shares of the company’s stock valued at $31,367,000 after purchasing an additional 116,220 shares in the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Perimeter Solutions

In other Perimeter Solutions news, insider Jeffrey Emery sold 300,000 shares of Perimeter Solutions stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $22.28, for a total transaction of $6,684,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Vivek Raj sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $22.45, for a total transaction of $561,250.00. Following the sale, the director owned 121,701 shares of the company’s stock, valued at approximately $2,732,187.45. This represents a 17.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 365,000 shares of company stock worth $8,127,250. Company insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

PRM has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Perimeter Solutions in a report on Wednesday, October 8th. UBS Group raised their target price on Perimeter Solutions from $21.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $27.00 price target on shares of Perimeter Solutions in a research note on Friday, October 17th. Finally, Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $26.00.

Get Our Latest Analysis on PRM

Perimeter Solutions Price Performance

Shares of Perimeter Solutions stock opened at $26.34 on Friday. The business’s fifty day moving average price is $23.04 and its 200 day moving average price is $18.34. Perimeter Solutions, SA has a twelve month low of $8.76 and a twelve month high of $27.74. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $3.90 billion, a P/E ratio of 62.72 and a beta of 1.98.

Perimeter Solutions (NYSE:PRM – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.68 by $0.14. The company had revenue of $315.44 million during the quarter, compared to analyst estimates of $238.27 million. Perimeter Solutions had a return on equity of 17.33% and a net margin of 12.26%. As a group, research analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Perimeter Solutions Profile

(Free Report)

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.

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