Campbell & CO Investment Adviser LLC Trims Stock Position in Perimeter Solutions, SA $PRM

Campbell & CO Investment Adviser LLC cut its holdings in shares of Perimeter Solutions, SA (NYSE:PRM) by 44.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,930 shares of the company’s stock after selling 56,179 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Perimeter Solutions were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Comerica Bank raised its stake in shares of Perimeter Solutions by 45.0% during the 1st quarter. Comerica Bank now owns 4,267 shares of the company’s stock valued at $43,000 after buying an additional 1,324 shares during the last quarter. Royal Bank of Canada grew its holdings in Perimeter Solutions by 100.0% during the first quarter. Royal Bank of Canada now owns 80,608 shares of the company’s stock worth $812,000 after acquiring an additional 40,294 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Perimeter Solutions by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company’s stock valued at $801,000 after acquiring an additional 3,428 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Perimeter Solutions by 4.8% in the first 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 acquiring an additional 14,949 shares during the period. Finally, Strs Ohio purchased a new stake in Perimeter Solutions in the 1st quarter worth approximately $328,000. 89.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Perimeter Solutions

In other Perimeter Solutions news, CFO Kyle Sable sold 100,000 shares of the business’s 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.00% of the company’s stock.

Perimeter Solutions Price Performance

Shares of NYSE PRM opened at $28.65 on Friday. The firm has a market cap of $4.24 billion, a PE ratio of 68.20 and a beta of 1.97. The firm has a fifty day moving average of $27.63 and a 200 day moving average of $22.72. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.22. Perimeter Solutions, SA has a one year low of $8.76 and a one year high of $29.88.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $238.27 million. As a group, research analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Perimeter Solutions in a report on Wednesday, October 8th. UBS Group cut shares of 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. 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 research note 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. According to data from MarketBeat, Perimeter Solutions currently has an average rating of “Hold” and a consensus target price of $33.00.

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.