State of New Jersey Common Pension Fund D Sells 20,876 Shares of Mirion Technologies, Inc. $MIR

State of New Jersey Common Pension Fund D reduced its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 16.5% in the second quarter, HoldingsChannel reports. The firm owned 105,811 shares of the company’s stock after selling 20,876 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Mirion Technologies were worth $2,278,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MIR. AlphaQuest LLC increased its holdings in shares of Mirion Technologies by 360,400.0% during the first quarter. AlphaQuest LLC now owns 3,605 shares of the company’s stock valued at $52,000 after acquiring an additional 3,604 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Mirion Technologies in the 1st quarter valued at $68,000. Smartleaf Asset Management LLC grew its stake in Mirion Technologies by 582.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company’s stock valued at $76,000 after purchasing an additional 4,442 shares during the period. CWM LLC raised its stake in shares of Mirion Technologies by 1,026.3% in the first quarter. CWM LLC now owns 6,431 shares of the company’s stock valued at $93,000 after buying an additional 5,860 shares during the period. Finally, Corient IA LLC bought a new stake in shares of Mirion Technologies in the first quarter valued at $145,000. 78.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Wall Street Zen lowered Mirion Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Citigroup boosted their target price on Mirion Technologies from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. started coverage on Mirion Technologies in a research note on Friday, September 26th. They issued an “overweight” rating and a $28.00 target price on the stock. Finally, Northland Capmk upgraded Mirion Technologies to a “strong-buy” rating in a research note on Sunday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $26.33.

Insiders Place Their Bets

In related news, CEO Thomas D. Logan sold 325,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the completion of the transaction, the chief executive officer owned 3,742,305 shares of the company’s stock, valued at $79,748,519.55. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by company insiders.

Mirion Technologies Trading Up 2.5%

Shares of MIR stock opened at $25.16 on Wednesday. The stock has a market capitalization of $5.89 billion, a PE ratio of 838.73 and a beta of 0.88. Mirion Technologies, Inc. has a 1-year low of $12.00 and a 1-year high of $26.12. The business has a 50-day moving average of $22.83 and a 200 day moving average of $20.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The business had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $222.17 million. During the same quarter last year, the business posted $0.08 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

About Mirion Technologies

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.