Equitable Trust Co. Sells 191,626 Shares of Perimeter Solutions, SA $PRM

Equitable Trust Co. lessened its stake in Perimeter Solutions, SA (NYSE:PRM) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,061,715 shares of the company’s stock after selling 191,626 shares during the quarter. Perimeter Solutions comprises about 2.1% of Equitable Trust Co.’s holdings, making the stock its 10th largest holding. Equitable Trust Co. owned approximately 1.39% of Perimeter Solutions worth $46,162,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of Perimeter Solutions in the third quarter valued at $27,000. Brown Lisle Cummings Inc. acquired a new position in Perimeter Solutions in the 3rd quarter worth $45,000. TD Private Client Wealth LLC boosted its position in Perimeter Solutions by 1,450.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock valued at $47,000 after buying an additional 1,972 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Perimeter Solutions during the second quarter valued at about $42,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Perimeter Solutions in a report on Thursday, January 22nd. Zacks Research lowered Perimeter Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. UBS Group cut Perimeter Solutions from a “buy” rating to a “neutral” rating and increased their target price for the company from $30.00 to $31.00 in a research note on Monday, January 12th. Finally, Morgan Stanley set a $35.00 price target on shares of Perimeter Solutions in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Perimeter Solutions presently has an average rating of “Hold” and an average price target of $33.00.

Insider Buying and Selling

In other Perimeter Solutions news, CFO Kyle Sable sold 100,000 shares of the business’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

Perimeter Solutions Price Performance

Shares of PRM opened at $26.64 on Monday. Perimeter Solutions, SA has a 52 week low of $8.76 and a 52 week high of $29.88. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 63.42 and a beta of 1.96. The stock has a 50 day moving average of $27.57 and a 200-day moving average of $24.66.

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.