TD Waterhouse Canada Inc. Purchases 148,529 Shares of Perimeter Solutions, SA $PRM

TD Waterhouse Canada Inc. lifted its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 245.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,129 shares of the company’s stock after purchasing an additional 148,529 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Perimeter Solutions were worth $5,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in shares of Perimeter Solutions in the third quarter valued at $27,000. EverSource Wealth Advisors LLC acquired a new stake in Perimeter Solutions during the second quarter worth $42,000. Comerica Bank boosted its stake in Perimeter Solutions by 45.0% during the first quarter. Comerica Bank now owns 4,267 shares of the company’s stock worth $43,000 after buying an additional 1,324 shares in the last quarter. TD Private Client Wealth LLC increased its holdings 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 period. Finally, Ancora Advisors LLC increased its holdings in Perimeter Solutions by 219.0% in the 3rd quarter. Ancora Advisors LLC now owns 3,190 shares of the company’s stock valued at $71,000 after buying an additional 2,190 shares during the period. 89.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PRM has been the subject of a number of analyst reports. Zacks Research raised shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. UBS Group raised shares of Perimeter Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $30.00 in a research note on Tuesday, March 31st. Finally, Weiss Ratings lowered shares of Perimeter Solutions from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Perimeter Solutions has a consensus rating of “Moderate Buy” and an average target price of $32.50.

Perimeter Solutions Price Performance

Shares of PRM stock opened at $29.37 on Wednesday. The stock’s fifty day simple moving average is $24.62 and its 200 day simple moving average is $25.63. Perimeter Solutions, SA has a one year low of $9.75 and a one year high of $29.88. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of -20.68 and a beta of 1.90. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 2.42.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Friday, February 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. The firm had revenue of $102.75 million during the quarter, compared to analyst estimates of $94.05 million. Perimeter Solutions had a positive return on equity of 17.82% and a negative net margin of 31.61%. On average, analysts expect that Perimeter Solutions, SA will post 1.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Perimeter Solutions

In related news, Director William N. Thorndike, Jr. sold 100,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $23.63, for a total transaction of $2,363,000.00. Following the completion of the sale, the director owned 8,635,656 shares in the company, valued at $204,060,551.28. This trade represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 450,000 shares of company stock valued at $10,722,750. 10.00% of the stock is currently owned by corporate insiders.

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.