150,000 Shares in Perimeter Solutions, SA (NYSE:PRM) Purchased by Pacific Capital Partners Ltd

Key Points

• Pacific Capital Partners Ltd acquired 150,000 shares of Perimeter Solutions, SA, valued at approximately $1.51 million, making it the 28th largest holding in their portfolio.
• The stock has seen significant interest from institutional investors, with 89.93% of Perimeter Solutions currently owned by them following several large purchases in the first quarter.
• Analyst ratings vary, with UBS raising their price target to $20 and Morgan Stanley lowering it to $17, while Wall Street Zen downgraded the stock from "buy" to "hold".

Pacific Capital Partners Ltd acquired a new stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 150,000 shares of the company's stock, valued at approximately $1,510,000. Perimeter Solutions comprises 1.0% of Pacific Capital Partners Ltd's portfolio, making the stock its 28th biggest position. Pacific Capital Partners Ltd owned about 0.10% of Perimeter Solutions at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Comerica Bank purchased a new position in Perimeter Solutions during the 4th quarter worth approximately $38,000. Harbor Investment Advisory LLC raised its holdings in Perimeter Solutions by 25.6% during the first quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock worth $94,000 after purchasing an additional 1,899 shares during the last quarter. Xponance Inc. acquired a new position in Perimeter Solutions during the first quarter worth $101,000. Gilbert & Cook Inc. acquired a new position in shares of Perimeter Solutions in the first quarter worth $104,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Perimeter Solutions in the first quarter worth $123,000. Hedge funds and other institutional investors own 89.93% of the company's stock.

Perimeter Solutions Trading Down 3.1%

Perimeter Solutions stock traded down $0.50 during trading on Friday, hitting $15.63. The company's stock had a trading volume of 1,103,299 shares, compared to its average volume of 1,056,563. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 19.79 and a beta of 1.96. The stock's fifty day moving average is $14.53 and its 200 day moving average is $12.11. Perimeter Solutions, SA has a 1-year low of $8.26 and a 1-year high of $17.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.56 and a current ratio of 5.23.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. Perimeter Solutions had a negative return on equity of 4.33% and a net margin of 23.23%. The firm had revenue of $72.03 million during the quarter, compared to the consensus estimate of $75.00 million. As a group, equities research analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Activity

In other news, Director Vivek Raj sold 32,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $11.70, for a total value of $374,400.00. Following the completion of the sale, the director owned 68,132 shares of the company's stock, valued at $797,144.40. This represents a 31.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was bought at an average cost of $13.98 per share, with a total value of $3,559,308.00. Following the transaction, the insider directly owned 21,854,600 shares of the company's stock, valued at approximately $305,527,308. This trade represents a 1.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 303,094 shares of company stock valued at $3,587,021 in the last ninety days. Company insiders own 10.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen cut Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. UBS Group boosted their price target on Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Morgan Stanley dropped their target price on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 16th.

Perimeter Solutions Profile

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.