Dimensional Fund Advisors LP Increases Stock Holdings in Mirion Technologies, Inc. $MIR

Key Points

• Dimensional Fund Advisors LP increased its stake in Mirion Technologies by 2.5%, acquiring an additional 178,260 shares, bringing their total ownership to approximately 3.18% valued at around $106.8 million.
• Multiple institutional investors have made significant changes to their positions in Mirion Technologies, with Victory Capital Management Inc. boosting its stake by 3,556.6% during the first quarter.
• Wall Street analysts have a consensus rating of "Buy" for Mirion Technologies, with an average price target set at $22.25, reflecting confidence in the company’s growth potential.

Dimensional Fund Advisors LP lifted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,363,954 shares of the company's stock after acquiring an additional 178,260 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.18% of Mirion Technologies worth $106,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Lord Abbett & CO. LLC raised its position in shares of Mirion Technologies by 1.3% during the first quarter. Lord Abbett & CO. LLC now owns 2,399,864 shares of the company's stock worth $34,798,000 after acquiring an additional 31,130 shares during the last quarter. Nuveen LLC bought a new position in shares of Mirion Technologies during the first quarter worth about $20,132,000. Swiss National Bank raised its position in shares of Mirion Technologies by 4.4% during the first quarter. Swiss National Bank now owns 393,200 shares of the company's stock worth $5,701,000 after acquiring an additional 16,400 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Mirion Technologies by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,641,075 shares of the company's stock worth $23,796,000 after purchasing an additional 41,864 shares in the last quarter. Finally, Alberta Investment Management Corp increased its holdings in Mirion Technologies by 17.1% in the first quarter. Alberta Investment Management Corp now owns 180,520 shares of the company's stock worth $2,618,000 after purchasing an additional 26,360 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on MIR. Wall Street Zen downgraded Mirion Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Northland Securities began coverage on Mirion Technologies in a report on Monday. They issued an "outperform" rating and a $26.00 target price for the company. Northland Capmk upgraded Mirion Technologies to a "strong-buy" rating in a report on Sunday. B. Riley reiterated a "buy" rating and issued a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Finally, Citigroup lifted their target price on Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, Mirion Technologies presently has a consensus rating of "Buy" and an average target price of $23.00.

Mirion Technologies Stock Down 2.3%

Shares of NYSE MIR traded down $0.49 during midday trading on Wednesday, hitting $20.46. 909,758 shares of the stock traded hands, compared to its average volume of 2,511,893. The company has a market cap of $4.79 billion, a PE ratio of 681.00 and a beta of 0.83. Mirion Technologies, Inc. has a one year low of $9.11 and a one year high of $22.80. The business has a 50 day moving average price of $21.01 and a two-hundred day moving average price of $17.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $222.90 million during the quarter, compared to the consensus estimate of $216.78 million. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, equities analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Insider Activity at Mirion Technologies

In related news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies 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 transaction, the chief executive officer owned 3,742,305 shares of the company's stock, valued at $79,748,519.55. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by corporate insiders.

Mirion Technologies 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.