Campbell & CO Investment Adviser LLC Makes New Investment in Perimeter Solutions, SA $PRM

Campbell & CO Investment Adviser LLC bought a new stake in Perimeter Solutions, SA (NYSE:PRM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 127,109 shares of the company’s stock, valued at approximately $1,769,000. Campbell & CO Investment Adviser LLC owned 0.09% of Perimeter Solutions as of its most recent SEC filing.

Several other large investors have also modified their holdings of PRM. Cullen Frost Bankers Inc. increased its position in shares of Perimeter Solutions by 161.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,124 shares of the company’s stock worth $43,000 after purchasing an additional 1,928 shares during the last quarter. Comerica Bank lifted its position in Perimeter Solutions by 45.0% in the first 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. Xponance Inc. purchased a new position in Perimeter Solutions during the first quarter worth about $101,000. Gilbert & Cook Inc. acquired a new stake in shares of Perimeter Solutions during the first quarter valued at about $104,000. Finally, AlphaQuest LLC raised its stake in shares of Perimeter Solutions by 65.1% in the 2nd quarter. AlphaQuest LLC now owns 8,235 shares of the company’s stock valued at $115,000 after acquiring an additional 3,246 shares during the period. Institutional investors and hedge funds own 89.93% of the company’s stock.

Insider Buying and Selling

In other Perimeter Solutions news, Director Vivek Raj sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $22.45, for a total value of $561,250.00. Following the sale, the director directly owned 121,701 shares in the company, valued at $2,732,187.45. This trade represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kyle Sable sold 40,000 shares of Perimeter Solutions stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $22.05, for a total value of $882,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 365,000 shares of company stock worth $8,127,250. Corporate insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PRM shares. UBS Group increased their price objective on shares of Perimeter Solutions from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Zacks Research upgraded Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Wall Street Zen cut Perimeter Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Perimeter Solutions in a research note on Wednesday, October 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $27.00 target price on shares of Perimeter Solutions in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $26.00.

Perimeter Solutions Stock Performance

Shares of PRM opened at $25.63 on Tuesday. Perimeter Solutions, SA has a 1 year low of $8.76 and a 1 year high of $27.74. The stock has a market capitalization of $3.79 billion, a PE ratio of 61.02 and a beta of 1.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.22. The stock has a 50-day simple moving average of $22.41 and a 200-day simple moving average of $17.47.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.82 EPS 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 company had revenue of $315.44 million for the quarter, compared to the consensus estimate of $238.27 million. On average, analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Perimeter Solutions Profile

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.