Perimeter Solutions, SA $PRM Shares Acquired by Guardian Wealth Advisors LLC NC

Key Points

• Guardian Wealth Advisors LLC NC increased its Perimeter Solutions stake by 166.7% in the second quarter, owning 115,498 shares valued at approximately $3.19 million. Institutional investors collectively hold 89.93% of PRM’s outstanding stock.
• Analyst sentiment is mixed: JPMorgan and Morgan Stanley maintain “overweight” ratings, while others downgraded the stock. The overall consensus is “Hold,” with an average price target of $41.75.
• Perimeter Solutions reported quarterly EPS of $0.35, missing the $0.43 consensus estimate, while revenue of $213.81 million also fell short of expectations. Shares opened at $31.91, compared with a 52-week range of $19.70 to $38.17.

Guardian Wealth Advisors LLC NC raised its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 166.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,498 shares of the company's stock after buying an additional 72,196 shares during the period. Guardian Wealth Advisors LLC NC owned about 0.07% of Perimeter Solutions worth $3,185,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PRM. Financial Management Professionals Inc. acquired a new stake in shares of Perimeter Solutions during the 2nd quarter valued at $26,000. Arax Advisory Partners grew its holdings in shares of Perimeter Solutions by 122.8% in the 4th quarter. Arax Advisory Partners now owns 1,047 shares of the company's stock worth $29,000 after acquiring an additional 577 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Perimeter Solutions by 51.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company's stock worth $31,000 after acquiring an additional 389 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Perimeter Solutions during the second quarter worth $42,000. Finally, Comerica Bank raised its position in shares of Perimeter Solutions by 45.0% during the first quarter. Comerica Bank now owns 4,267 shares of the company's stock worth $43,000 after purchasing an additional 1,324 shares during the period. Institutional investors and hedge funds own 89.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. cut their price objective on Perimeter Solutions from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, August 3rd. Weiss Ratings lowered shares of Perimeter Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 12th. Morgan Stanley lifted their target price on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, May 11th. Finally, Zacks Research lowered shares of Perimeter Solutions from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $41.75.

Insider Buying and Selling

In other news, major shareholder Windacre Partnership Llc sold 3,393,479 shares of the firm's stock in a transaction on Friday, June 26th. The shares were sold at an average price of $34.66, for a total transaction of $117,617,982.14. Following the transaction, the insider owned 18,461,121 shares in the company, valued at approximately $639,862,453.86. This trade represents a 15.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 5,705,979 shares of company stock valued at $195,617,982 in the last 90 days. Corporate insiders own 13.10% of the company's stock.

Perimeter Solutions Stock Performance

Shares of PRM stock opened at $31.91 on Monday. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of -14.31 and a beta of 1.90. Perimeter Solutions, SA has a 1-year low of $19.70 and a 1-year high of $38.17. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.19. The stock's fifty day simple moving average is $33.30 and its 200-day simple moving average is $30.27.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08). The company had revenue of $213.81 million during the quarter, compared to analysts' expectations of $216.89 million. Perimeter Solutions had a positive return on equity of 19.15% and a negative net margin of 44.86%. On average, sell-side analysts predict that Perimeter Solutions, SA will post 1.54 earnings per share for the current fiscal year.

Perimeter Solutions Company Profile

Perimeter Solutions Ltd. NYSE: PRM is a global specialty chemicals company focused on delivering performance-driven solutions for the oil and gas, coatings, plastics, water treatment and packaging markets. Established as an independent publicly traded company in December 2019 following its spin-off from NewMarket Corporation, Perimeter Solutions has positioned itself as a leading provider of highly engineered chemical products designed to optimize upstream oil recovery, protect infrastructure and enhance the performance of industrial processes.

The company's core product portfolio spans several key segments.

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