Nordea Investment Management AB Purchases 17,295 Shares of Perimeter Solutions, SA $PRM

Nordea Investment Management AB lifted its position in Perimeter Solutions, SA (NYSE:PRM) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 555,662 shares of the company’s stock after purchasing an additional 17,295 shares during the quarter. Nordea Investment Management AB owned about 0.38% of Perimeter Solutions worth $12,102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue purchased a new stake in shares of Perimeter Solutions during the 3rd quarter valued at $140,000. SG Americas Securities LLC grew its stake in shares of Perimeter Solutions by 39.7% during the third quarter. SG Americas Securities LLC now owns 77,712 shares of the company’s stock valued at $1,740,000 after buying an additional 22,093 shares during the last quarter. Longboard Asset Management LP bought a new position in shares of Perimeter Solutions during the third quarter valued at about $231,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Perimeter Solutions by 25.2% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 41,200 shares of the company’s stock worth $922,000 after buying an additional 8,300 shares during the period. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of Perimeter Solutions in the 3rd quarter valued at about $45,000. 89.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PRM shares. Zacks Research cut Perimeter Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Perimeter Solutions in a research report on Wednesday, October 8th. Morgan Stanley set a $35.00 price objective on shares of Perimeter Solutions in a research report on Monday, December 15th. Finally, UBS Group downgraded shares of Perimeter Solutions from a “buy” rating to a “neutral” rating and upped their price objective for the company from $30.00 to $31.00 in a research note on Monday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Perimeter Solutions has a consensus rating of “Hold” and a consensus target price of $33.00.

Perimeter Solutions Stock Up 3.4%

Shares of Perimeter Solutions stock opened at $29.33 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. Perimeter Solutions, SA has a 12-month low of $8.76 and a 12-month high of $29.88. The company has a market cap of $4.34 billion, a P/E ratio of 69.83 and a beta of 1.97. The company’s fifty day simple moving average is $27.55 and its two-hundred day simple moving average is $22.56.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, October 30th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. Perimeter Solutions had a net margin of 12.26% and a return on equity of 17.33%. The firm had revenue of $315.44 million for the quarter, compared to analyst estimates of $238.27 million. Research analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Activity at Perimeter Solutions

In related news, CFO Kyle Sable sold 100,000 shares of Perimeter Solutions stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $28.47, for a total transaction of $2,847,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 10.00% of the stock is currently owned by insiders.

About Perimeter Solutions

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.