Mirion Technologies, Inc. $MIR Shares Bought by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Mirion Technologies by 1.6%, owning approximately 8.93% of the company, which is valued at around $300 million.
• Equities analysts have raised their price targets for Mirion Technologies, with Citigroup setting a new price objective of $24.00 and B. Riley updating it to $22.00.
• CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies, resulting in a 7.99% decrease in his ownership, now valued at approximately $79.7 million.

T. Rowe Price Investment Management Inc. raised its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,710,389 shares of the company's stock after acquiring an additional 322,243 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 8.93% of Mirion Technologies worth $300,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MIR. Brown Advisory Inc. acquired a new stake in Mirion Technologies in the fourth quarter valued at approximately $66,520,000. Millennium Management LLC boosted its stake in Mirion Technologies by 100.6% in the fourth quarter. Millennium Management LLC now owns 3,105,374 shares of the company's stock valued at $54,189,000 after acquiring an additional 1,557,077 shares in the last quarter. Nuveen LLC acquired a new stake in Mirion Technologies in the first quarter valued at approximately $20,132,000. American Century Companies Inc. increased its holdings in shares of Mirion Technologies by 43.9% during the first quarter. American Century Companies Inc. now owns 3,432,814 shares of the company's stock valued at $49,776,000 after acquiring an additional 1,047,781 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Mirion Technologies by 70.7% during the fourth quarter. Lord Abbett & CO. LLC now owns 2,368,734 shares of the company's stock valued at $41,334,000 after acquiring an additional 981,199 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MIR shares. Citigroup upped their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a report on Monday, July 14th. Robert W. Baird upped their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Wall Street Zen downgraded shares of Mirion Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, B. Riley restated a "buy" rating and set a $22.00 price objective (up previously from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $22.25.

Insider Buying and Selling

In related news, CEO Thomas D. Logan sold 325,000 shares of the company'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 value of $6,925,750.00. Following the sale, the chief executive officer owned 3,742,305 shares in the company, valued at $79,748,519.55. This represents 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 hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $20.2350 on Thursday. The business's 50 day moving average price is $20.97 and its 200 day moving average price is $17.65. The firm has a market cap of $4.73 billion, a P/E ratio of 674.50 and a beta of 0.83. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $22.80. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55.

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

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.

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