Teacher Retirement System of Texas Raises Holdings in Perimeter Solutions, SA (NYSE:PRM)

Teacher Retirement System of Texas grew its position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 21.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,091 shares of the company's stock after buying an additional 43,247 shares during the quarter. Teacher Retirement System of Texas owned 0.17% of Perimeter Solutions worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in Perimeter Solutions in the 1st quarter worth $123,000. Bessemer Group Inc. raised its holdings in Perimeter Solutions by 4.4% in the 1st quarter. Bessemer Group Inc. now owns 964,058 shares of the company's stock worth $9,707,000 after purchasing an additional 40,247 shares during the period. Davidson Kahn Capital Management LLC raised its holdings in Perimeter Solutions by 64.1% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 271,550 shares of the company's stock worth $2,735,000 after purchasing an additional 106,112 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Perimeter Solutions by 15.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 54,573 shares of the company's stock worth $550,000 after purchasing an additional 7,347 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Perimeter Solutions in the 1st quarter worth $3,479,000. 89.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PRM has been the topic of a number of recent research reports. UBS Group raised their target price on Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday. Morgan Stanley decreased their target price on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Finally, Wall Street Zen raised Perimeter Solutions from a "hold" rating to a "buy" rating in a report on Saturday.

Perimeter Solutions Price Performance

PRM stock traded down $0.08 during trading on Friday, reaching $16.22. The company's stock had a trading volume of 923,496 shares, compared to its average volume of 1,008,113. Perimeter Solutions, SA has a 1 year low of $7.83 and a 1 year high of $16.33. The company has a quick ratio of 3.56, a current ratio of 5.23 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $2.40 billion, a P/E ratio of 20.53 and a beta of 1.95. The company's fifty day moving average is $13.02 and its 200-day moving average is $11.70.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $72.03 million during the quarter, compared to analyst estimates of $75.00 million. On average, research analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.