Teacher Retirement System of Texas Buys 186,121 Shares of Perimeter Solutions, SA (NYSE:PRM)

Teacher Retirement System of Texas increased its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 943.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,844 shares of the company's stock after purchasing an additional 186,121 shares during the quarter. Teacher Retirement System of Texas owned about 0.14% of Perimeter Solutions worth $2,631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Primecap Management Co. CA increased its stake in shares of Perimeter Solutions by 5.8% in the 4th quarter. Primecap Management Co. CA now owns 1,953,126 shares of the company's stock valued at $24,961,000 after buying an additional 107,435 shares during the period. Cibc World Markets Corp acquired a new stake in Perimeter Solutions in the fourth quarter worth about $160,000. Corient Private Wealth LLC acquired a new stake in Perimeter Solutions in the fourth quarter worth about $41,780,000. Natixis Advisors LLC raised its holdings in Perimeter Solutions by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 67,406 shares of the company's stock worth $861,000 after purchasing an additional 2,483 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in Perimeter Solutions during the 4th quarter valued at about $553,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions 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 completion of the transaction, the director now directly owns 471,226 shares of the company's stock, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.70% of the company's stock.

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Perimeter Solutions Trading Down 3.2 %

Shares of NYSE:PRM traded down $0.34 during midday trading on Friday, hitting $10.28. The company had a trading volume of 1,756,685 shares, compared to its average volume of 876,382. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a 12 month low of $6.84 and a 12 month high of $14.44. The firm has a fifty day simple moving average of $10.97 and a 200 day simple moving average of $12.25. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -73.39 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.21. The company had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. On average, analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target for the company in a research report 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.