Perimeter Solutions, SA $PRM Stock Bought by CenterBook Partners LP

CenterBook Partners LP raised its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 139.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 387,773 shares of the company’s stock after purchasing an additional 226,103 shares during the quarter. CenterBook Partners LP owned approximately 0.24% of Perimeter Solutions worth $10,206,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PRM. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Perimeter Solutions during the 2nd quarter valued at about $1,232,000. Sei Investments Co. increased its holdings in Perimeter Solutions by 100.1% in the first quarter. Sei Investments Co. now owns 90,407 shares of the company’s stock worth $2,208,000 after purchasing an additional 45,227 shares in the last quarter. Bessemer Group Inc. increased its holdings in Perimeter Solutions by 61.2% in the first quarter. Bessemer Group Inc. now owns 1,064,925 shares of the company’s stock worth $26,006,000 after purchasing an additional 404,417 shares in the last quarter. Guardian Wealth Advisors LLC NC lifted its stake in Perimeter Solutions by 166.7% in the second quarter. Guardian Wealth Advisors LLC NC now owns 115,498 shares of the company’s stock valued at $3,185,000 after buying an additional 72,196 shares during the period. Finally, Bank of America Corp DE lifted its stake in Perimeter Solutions by 4.8% in the first quarter. Bank of America Corp DE now owns 1,738,095 shares of the company’s stock valued at $42,444,000 after buying an additional 79,083 shares during the period. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Stock Up 5.0%

NYSE:PRM traded up $1.40 on Friday, hitting $29.54. The stock had a trading volume of 2,151,445 shares, compared to its average volume of 1,125,718. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.19. Perimeter Solutions, SA has a 52 week low of $20.38 and a 52 week high of $38.17. The business’s fifty day moving average is $29.02 and its 200 day moving average is $29.59. The company has a market cap of $4.84 billion, a PE ratio of 227.24 and a beta of 1.91.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.11). Perimeter Solutions had a negative net margin of 44.86% and a positive return on equity of 19.15%. The firm had revenue of $389.87 million for the quarter, compared to the consensus estimate of $381.45 million. On average, equities research analysts expect that Perimeter Solutions, SA will post 1.57 EPS for the current fiscal year.

Key Perimeter Solutions News

Here are the key news stories impacting Perimeter Solutions this week:

• Positive Sentiment: Third-quarter revenue was $389.9 million, above the roughly $381.5 million analyst estimate. Adjusted EBITDA was $223.5 million, which the company attributed to continued execution on its value drivers and recent acquisitions. Company earnings release
• Neutral Sentiment: The company outlined an annual capital-spending plan of $30 million to $40 million. This signals continued investment, though it also means ongoing capital requirements. Capex plan and PDI outlook
• Negative Sentiment: Adjusted EPS of $0.85 fell short of analyst estimates of $0.95–$0.96, tempering the revenue beat. Management also expects a period of “distressed adjusted EBITDA” at PDI, a business-level concern investors may monitor. Q3 earnings miss

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PRM shares. JPMorgan Chase & Co. reduced their price objective on shares of Perimeter Solutions from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Zacks Research upgraded shares of Perimeter Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 15th. Wall Street Zen downgraded shares of Perimeter Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. UBS Group cut their target price on shares of Perimeter Solutions from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. Finally, Weiss Ratings raised shares of Perimeter Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, October 19th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.50.

Perimeter Solutions Company Profile

Perimeter Solutions, Inc (NYSE:PRM) is a specialty chemicals and fire-safety company that develops and supplies products used to prevent, control and suppress fires, as well as chemicals used in industrial applications. Its operations are organized primarily around fire-safety products and performance chemicals.

The company’s fire-safety portfolio includes PHOS-CHEK-branded wildfire retardants, firefighting foams, gels and other suppression products. These solutions are used by government agencies, fire departments, aviation and industrial customers, and other organizations involved in wildfire response, emergency preparedness and fire protection.

Perimeter Solutions also produces phosphorus-based specialty chemicals, including phosphorus pentasulfide, which is used in applications such as lubricant additives and other industrial processes.