Teacher Retirement System of Texas Sells 27,028 Shares of Perimeter Solutions, SA $PRM

Teacher Retirement System of Texas trimmed its position in Perimeter Solutions, SA (NYSE:PRM) by 20.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,866 shares of the company’s stock after selling 27,028 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Perimeter Solutions worth $2,415,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Perimeter Solutions by 16.4% in the third quarter. GAMMA Investing LLC now owns 3,577 shares of the company’s stock worth $80,000 after purchasing an additional 504 shares during the period. Templeton & Phillips Capital Management LLC increased its position in shares of Perimeter Solutions by 0.5% in the 2nd quarter. Templeton & Phillips Capital Management LLC now owns 189,919 shares of the company’s stock valued at $2,644,000 after buying an additional 920 shares in the last quarter. Comerica Bank raised its stake in Perimeter Solutions by 45.0% during the 1st quarter. Comerica Bank now owns 4,267 shares of the company’s stock worth $43,000 after buying an additional 1,324 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in Perimeter Solutions by 161.2% during the second quarter. Cullen Frost Bankers Inc. now owns 3,124 shares of the company’s stock worth $43,000 after acquiring an additional 1,928 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in Perimeter Solutions by 1,450.0% in the third quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock valued at $47,000 after acquiring an additional 1,972 shares during the period. Institutional investors and hedge funds own 89.93% of the company’s stock.

Analysts Set New Price Targets

PRM has been the topic of several recent analyst reports. UBS Group cut Perimeter Solutions from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $30.00 to $31.00 in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Perimeter Solutions in a research note on Thursday, January 22nd. Morgan Stanley set a $35.00 price objective on shares of Perimeter Solutions in a research report on Monday, December 15th. Finally, Zacks Research lowered shares of Perimeter Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Perimeter Solutions currently has an average rating of “Hold” and an average price target of $33.00.

Insider Transactions at Perimeter Solutions

In other news, CFO Kyle Sable sold 100,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $28.47, for a total transaction of $2,847,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 10.00% of the company’s stock.

Perimeter Solutions Price Performance

Shares of PRM opened at $25.96 on Friday. The stock has a market capitalization of $3.84 billion, a P/E ratio of 61.82 and a beta of 1.97. Perimeter Solutions, SA has a twelve month low of $8.76 and a twelve month high of $29.88. The company has a 50 day moving average of $27.98 and a 200-day moving average of $23.42. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 0.61.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.82 EPS for the quarter, topping 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 business had revenue of $315.44 million for the quarter, compared to analyst estimates of $238.27 million. As a group, equities research analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal 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.