Teacher Retirement System of Texas Increases Stake in Perimeter Solutions, SA (NYSE:PRM)

Teacher Retirement System of Texas grew its position in Perimeter Solutions, SA (NYSE:PRM) by 943.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 205,844 shares of the company’s stock after buying an additional 186,121 shares during the period. Teacher Retirement System of Texas owned approximately 0.14% of Perimeter Solutions worth $2,631,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in Perimeter Solutions in the 3rd quarter worth approximately $52,000. McAdam LLC purchased a new position in shares of Perimeter Solutions in the fourth quarter worth $131,000. Orion Portfolio Solutions LLC bought a new position in shares of Perimeter Solutions during the third quarter valued at $138,000. Cibc World Markets Corp purchased a new stake in shares of Perimeter Solutions during the fourth quarter valued at $160,000. Finally, Verition Fund Management LLC bought a new stake in Perimeter Solutions in the 3rd quarter worth about $252,000. Institutional investors own 89.93% of the company’s stock.

Insiders Place Their Bets

In other news, Director Vivek Raj sold 250,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the transaction, the director now directly owns 471,226 shares in the company, valued at $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.70% of the company’s stock.

Perimeter Solutions Stock Performance

Shares of PRM opened at $10.02 on Thursday. The firm has a market capitalization of $1.50 billion, a P/E ratio of -71.57 and a beta of 1.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. Perimeter Solutions, SA has a one year low of $6.84 and a one year high of $14.44. The business has a fifty day moving average of $11.09 and a 200 day moving average of $12.25.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.21. The business had revenue of $86.23 million for the quarter, compared to the consensus estimate of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. As a group, sell-side analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Wednesday.

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.