Select Equity Group L.P. Has $33.24 Million Position in Mirion Technologies, Inc. $MIR

Key Points

• Select Equity Group L.P. reduced its holdings in Mirion Technologies by 0.9%, owning approximately 2.29 million shares worth $33.24 million as of its latest SEC filing.
• Several institutional investors, including Xponance Inc. and Principal Financial Group Inc., have increased their stakes in Mirion Technologies during the first quarter, indicating strong investor interest.
• Analysts generally favor the stock with a consensus rating of "Buy" and an average target price of $23.00, despite a recent downgrade from "buy" to "hold" by Wall Street Zen.

Select Equity Group L.P. cut its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 0.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,292,236 shares of the company's stock after selling 21,183 shares during the quarter. Select Equity Group L.P. owned 0.99% of Mirion Technologies worth $33,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MIR. Xponance Inc. lifted its holdings 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 buying an additional 851 shares during the last quarter. Principal Financial Group Inc. raised its position in Mirion Technologies by 14.9% during the first 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 in the last quarter. KBC Group NV lifted its stake 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 acquiring an additional 2,483 shares during the last quarter. Arizona State Retirement System grew its position in Mirion Technologies by 4.7% in the first quarter. Arizona State Retirement System now owns 58,214 shares of the company's stock worth $844,000 after acquiring an additional 2,608 shares in the last quarter. Finally, AlphaQuest LLC increased its stake in shares of Mirion Technologies by 360,400.0% during the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock worth $52,000 after purchasing an additional 3,604 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MIR shares. Northland Capmk upgraded Mirion Technologies to a "strong-buy" rating in a report on Sunday, August 24th. Robert W. Baird boosted their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Wall Street Zen lowered shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. B. Riley reiterated a "buy" rating and issued a $22.00 target price (up previously from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Finally, Citigroup upped their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, Mirion Technologies currently has an average rating of "Buy" and an average price target of $23.00.

Insider Activity at Mirion Technologies

In other 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 transaction of $6,925,750.00. Following the completion of the sale, the chief executive officer owned 3,742,305 shares in the company, valued at $79,748,519.55. The trade was a 7.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.30% of the company's stock.

Mirion Technologies Price Performance

NYSE MIR traded down $0.79 during trading on Wednesday, reaching $21.31. 4,710,321 shares of the company traded hands, compared to its average volume of 2,763,053. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54. The stock's 50 day moving average price is $21.14 and its two-hundred day moving average price is $18.15. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $23.58. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 710.43 and a beta of 0.82.

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

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.