Repertoire Partners LP Acquires Shares of 51,500 Perimeter Solutions, SA $PRM

Key Points

• Repertoire Partners LP acquired 51,500 shares of Perimeter Solutions, SA, valued at approximately $519,000, making it the firm's 6th largest holding.
• Several institutional investors, including Comerica Bank and Procyon Advisors, have increased their stakes in Perimeter Solutions, indicating growing interest in the company.
• Perimeter Solutions reported better-than-expected earnings, with an EPS of $0.39 for the last quarter, surpassing analysts' estimates of $0.28.

Repertoire Partners LP bought a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,500 shares of the company's stock, valued at approximately $519,000. Perimeter Solutions comprises 0.2% of Repertoire Partners LP's portfolio, making the stock its 6th biggest position.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Perimeter Solutions by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company's stock worth $801,000 after purchasing an additional 3,428 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Perimeter Solutions by 2,927.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 438,784 shares of the company's stock valued at $4,419,000 after purchasing an additional 424,290 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Perimeter Solutions in the first quarter worth about $8,056,000. Maverick Capital Ltd. boosted its stake in shares of Perimeter Solutions by 127.6% during the first quarter. Maverick Capital Ltd. now owns 68,499 shares of the company's stock valued at $690,000 after purchasing an additional 38,404 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Perimeter Solutions by 100.0% in the 1st quarter. Royal Bank of Canada now owns 80,608 shares of the company's stock valued at $812,000 after acquiring an additional 40,294 shares during the period. Institutional investors own 89.93% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PRM shares. Morgan Stanley increased their price objective on Perimeter Solutions from $17.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, August 25th. UBS Group upped their price objective on shares of Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen lowered shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Perimeter Solutions presently has a consensus rating of "Buy" and an average price target of $22.50.

Insider Transactions at Perimeter Solutions

In related news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the firm's stock in a transaction on Friday, June 27th. The shares were bought at an average price of $13.98 per share, with a total value of $3,559,308.00. Following the completion of the transaction, the insider directly owned 21,854,600 shares of the company's stock, valued at $305,527,308. This represents a 1.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kyle Sable sold 40,000 shares of Perimeter Solutions stock in a transaction on Friday, September 5th. The shares were sold at an average price of $22.05, for a total value of $882,000.00. The disclosure for this sale can be found here. Insiders own 10.00% of the company's stock.

Perimeter Solutions Stock Performance

Shares of NYSE:PRM traded up $0.20 during trading on Thursday, hitting $22.22. 1,273,804 shares of the stock traded hands, compared to its average volume of 1,184,640. The company has a quick ratio of 2.60, a current ratio of 4.04 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average price of $18.28 and a two-hundred day moving average price of $13.55. Perimeter Solutions, SA has a 52-week low of $8.76 and a 52-week high of $23.79. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 51.68 and a beta of 2.00.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.28 by $0.11. Perimeter Solutions had a net margin of 13.05% and a negative return on equity of 1.11%. The company had revenue of $162.64 million for the quarter, compared to analyst estimates of $108.91 million. As a group, equities analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

About Perimeter Solutions

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.