Petrus Trust Company LTA Sells 813,419 Shares of Perimeter Solutions, SA $PRM

Key Points

• Petrus Trust Company LTA has reduced its holdings in Perimeter Solutions, SA by 51.3%, selling 813,419 shares and now owning a total of 770,674 shares.
• Insider transactions include Windacre Partnership Master Fu purchasing 254,600 shares at an average cost of $13.98 per share, increasing their ownership to approximately 21,854,600 shares.
• Analysts have mixed views on Perimeter Solutions, with one brokerage downgrading it from "buy" to "hold", while Morgan Stanley and UBS raised their target prices to $25.00 and $20.00 respectively.

Petrus Trust Company LTA decreased its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 51.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 770,674 shares of the company's stock after selling 813,419 shares during the period. Perimeter Solutions makes up about 0.7% of Petrus Trust Company LTA's portfolio, making the stock its 22nd largest position. Petrus Trust Company LTA owned approximately 0.52% of Perimeter Solutions worth $7,761,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Comerica Bank acquired a new position in Perimeter Solutions during the fourth quarter worth $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 buying 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. purchased a new stake in shares of Perimeter Solutions in the first quarter valued at about $104,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Perimeter Solutions in the fourth quarter valued at about $136,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Perimeter Solutions Stock Performance

NYSE PRM traded up $0.29 during trading hours on Thursday, reaching $22.31. 493,573 shares of the company were exchanged, compared to its average volume of 1,180,150. 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 stock has a market capitalization of $3.27 billion, a P/E ratio of 51.94 and a beta of 2.00. Perimeter Solutions, SA has a 1 year low of $8.76 and a 1 year high of $23.79. The business's 50 day simple moving average is $18.28 and its 200-day simple moving average is $13.55.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.11. The firm had revenue of $162.64 million during the quarter, compared to analyst estimates of $108.91 million. Perimeter Solutions had a net margin of 13.05% and a negative return on equity of 1.11%. On average, equities research analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the business's stock in a transaction on Friday, June 27th. The stock was purchased at an average price of $13.98 per share, for a total transaction 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 trade represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Emery sold 300,000 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $22.28, for a total transaction of $6,684,000.00. The disclosure for this sale can be found here. Company insiders own 10.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.