SG Americas Securities LLC Buys 153,228 Shares of Perimeter Solutions, SA $PRM

Key Points

• SG Americas Securities LLC boosted its Q4 stake by 197.2%, buying 153,228 shares to own 230,940 shares (≈0.16%) of Perimeter Solutions, a position valued at about $6.36 million, while institutional investors hold roughly 89.93% of the stock.
• Analyst views are mixed: UBS upgraded to a Buy with a $30 target and Morgan Stanley set a $35 target, but the consensus rating is "Hold" with an average price target of $32.50 amid downgrades from Zacks and Weiss.
• Insiders have been selling, including Director William N. Thorndike Jr.'s 100,000-share sale at $23.63; insiders sold 450,000 shares in the quarter overall and still own about 10% of the company.

SG Americas Securities LLC boosted its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 197.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,940 shares of the company's stock after acquiring an additional 153,228 shares during the quarter. SG Americas Securities LLC owned 0.16% of Perimeter Solutions worth $6,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Comerica Bank boosted its stake in shares of Perimeter Solutions by 45.0% during the first quarter. Comerica Bank now owns 4,267 shares of the company's stock valued at $43,000 after purchasing an additional 1,324 shares during the period. Royal Bank of Canada increased its stake in shares of Perimeter Solutions by 100.0% in the first quarter. Royal Bank of Canada now owns 80,608 shares of the company's stock worth $812,000 after buying an additional 40,294 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Perimeter Solutions by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company's stock valued at $801,000 after buying an additional 3,428 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Perimeter Solutions by 4.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,188 shares of the company's stock valued at $3,305,000 after buying an additional 14,949 shares during the last quarter. Finally, Swiss National Bank boosted its position in Perimeter Solutions by 0.9% during the 2nd quarter. Swiss National Bank now owns 271,700 shares of the company's stock valued at $3,782,000 after buying an additional 2,400 shares during the period. 89.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PRM. UBS Group upgraded shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $30.00 in a research report on Tuesday. Morgan Stanley set a $35.00 target price on Perimeter Solutions in a research note on Monday, December 15th. Zacks Research downgraded Perimeter Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 17th. Finally, Weiss Ratings lowered Perimeter Solutions from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Perimeter Solutions currently has an average rating of "Hold" and an average target price of $32.50.

Insiders Place Their Bets

In other Perimeter Solutions news, Director William N. Thorndike, Jr. sold 100,000 shares of Perimeter Solutions stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $23.63, for a total transaction of $2,363,000.00. Following the sale, the director directly owned 8,635,656 shares of the company's stock, valued at approximately $204,060,551.28. The trade was a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 450,000 shares of company stock worth $10,722,750. Insiders own 10.00% of the company's stock.

Perimeter Solutions Stock Up 14.3%

Shares of NYSE PRM opened at $24.33 on Wednesday. The firm has a fifty day simple moving average of $24.82 and a two-hundred day simple moving average of $25.17. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $29.88. The company has a current ratio of 3.22, a quick ratio of 2.42 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $3.64 billion, a PE ratio of -17.13 and a beta of 1.98.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its earnings results on Friday, February 27th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. Perimeter Solutions had a negative net margin of 31.61% and a positive return on equity of 17.82%. The firm had revenue of $102.75 million for the quarter, compared to analyst estimates of $94.05 million. Equities analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Perimeter Solutions 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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