Mirion Technologies, Inc. $MIR Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its position in Mirion Technologies, Inc. (NYSE:MIR) by 18.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,400 shares of the company’s stock after purchasing an additional 6,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in Mirion Technologies were worth $956,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV lifted its position in Mirion Technologies by 31.0% in the first quarter. KBC Group NV now owns 10,485 shares of the company’s stock valued at $152,000 after purchasing an additional 2,483 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Mirion Technologies by 169.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 236,340 shares of the company’s stock valued at $5,088,000 after acquiring an additional 148,619 shares during the period. Principal Financial Group Inc. lifted its position in shares of Mirion Technologies by 14.9% during the 1st quarter. Principal Financial Group Inc. now owns 14,057 shares of the company’s stock valued at $204,000 after acquiring an additional 1,820 shares during the period. Intech Investment Management LLC lifted its position in shares of Mirion Technologies by 38.0% during the 1st quarter. Intech Investment Management LLC now owns 127,952 shares of the company’s stock valued at $1,855,000 after acquiring an additional 35,218 shares during the period. Finally, Xponance Inc. lifted its position in shares of Mirion Technologies by 5.7% during the 1st quarter. Xponance Inc. now owns 15,793 shares of the company’s stock valued at $229,000 after acquiring an additional 851 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Mirion Technologies to a “strong-buy” rating in a research report on Sunday, August 24th. JPMorgan Chase & Co. assumed coverage on shares of Mirion Technologies in a research report on Friday, September 26th. They set an “overweight” rating and a $28.00 price target for the company. Robert W. Baird lifted their price target on shares of Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Citigroup lifted their price target on shares of Mirion Technologies from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $26.33.

Mirion Technologies Trading Up 0.3%

Shares of MIR opened at $24.94 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01. The firm has a 50 day simple moving average of $22.23 and a 200-day simple moving average of $19.63. Mirion Technologies, Inc. has a 1-year low of $12.00 and a 1-year high of $25.54. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 831.20 and a beta of 0.88.

Mirion Technologies (NYSE:MIR) last released its earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $222.90 million during the quarter, compared to analysts’ expectations of $216.78 million. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. Mirion Technologies’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Equities analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $21.31, for a total value of $6,925,750.00. Following the completion of the sale, the chief executive officer directly owned 3,742,305 shares of the company’s stock, valued at approximately $79,748,519.55. The trade was a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.30% of the company’s stock.

Mirion Technologies Company Profile

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.