Perimeter Solutions, SA (NYSE:PRM) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 21.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 249,091 shares of the company's stock after purchasing 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PRM. Comerica Bank acquired a new stake in shares of Perimeter Solutions in the 4th quarter worth $38,000. Harbor Investment Advisory LLC lifted its position in Perimeter Solutions by 25.6% in the first quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock valued at $94,000 after purchasing an additional 1,899 shares during the period. New York State Teachers Retirement System acquired a new stake in Perimeter Solutions in the first quarter valued at about $123,000. Tower Research Capital LLC TRC boosted its holdings in Perimeter Solutions by 90.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock valued at $136,000 after purchasing an additional 5,054 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Perimeter Solutions during the 4th quarter worth approximately $136,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Perimeter Solutions news, Director Vivek Raj sold 100,000 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $11.78, for a total transaction of $1,178,000.00. Following the completion of the transaction, the director directly owned 168,942 shares in the company, valued at approximately $1,990,136.76. This trade represents a 37.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of Perimeter Solutions stock in a transaction on Friday, June 27th. The stock was acquired at an average cost of $13.98 per share, for a total transaction of $3,559,308.00. Following the acquisition, the insider directly 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. In the last 90 days, insiders sold 303,094 shares of company stock valued at $3,587,021. Company insiders own 10.00% of the company's stock.

Perimeter Solutions Price Performance

Perimeter Solutions stock traded down $0.08 during mid-day trading on Friday, reaching $16.22. The company had a trading volume of 923,496 shares, compared to its average volume of 1,007,261. The stock's 50-day simple moving average is $13.02 and its 200-day simple moving average is $11.71. Perimeter Solutions, SA has a 1 year low of $7.83 and a 1 year high of $16.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.23 and a quick ratio of 3.56. The company has a market capitalization of $2.40 billion, a P/E ratio of 20.53 and a beta of 1.95.

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

Analyst Ratings Changes

PRM has been the subject of a number of analyst reports. Wall Street Zen downgraded Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group increased their price objective on Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley decreased their target price on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th.

Perimeter Solutions Company 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.