Mirion Technologies, Inc. $MIR Stake Reduced by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. has reduced its stake in Mirion Technologies by 37.3%, holding 37,539 shares valued at approximately $808,000 after selling 22,356 shares in the second quarter.
• CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies, resulting in a 7.99% decrease in his ownership, with a remaining valuation of around $79.7 million.
• Analysts have set a target price range for Mirion Technologies between $25.00 and $29.00, with multiple firms rating the stock as “buy” or “outperform.”

Vontobel Holding Ltd. cut its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 37.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,539 shares of the company's stock after selling 22,356 shares during the period. Vontobel Holding Ltd.'s holdings in Mirion Technologies were worth $808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Xponance Inc. boosted its stake in Mirion Technologies by 5.7% in the 1st quarter. Xponance Inc. now owns 15,793 shares of the company's stock worth $229,000 after purchasing an additional 851 shares during the period. Principal Financial Group Inc. increased 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 worth $204,000 after buying an additional 1,820 shares during the last quarter. KBC Group NV increased its holdings in shares of Mirion Technologies by 31.0% during the 1st 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 holdings in Mirion Technologies by 4.7% during the first quarter. Arizona State Retirement System now owns 58,214 shares of the company's stock valued at $844,000 after purchasing an additional 2,608 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in Mirion Technologies by 360,400.0% in the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock valued at $52,000 after buying an additional 3,604 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company's stock.

Insider Activity at Mirion Technologies

In related news, CEO Thomas D. Logan sold 325,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer directly owned 3,742,305 shares in the company, valued at $79,748,519.55. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MIR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. started coverage on Mirion Technologies in a report on Friday, September 26th. They issued an "overweight" rating and a $28.00 target price on the stock. Northland Securities lifted their target price on shares of Mirion Technologies from $26.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, September 29th. The Goldman Sachs Group boosted their target price on shares of Mirion Technologies from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Northland Capmk raised Mirion Technologies to a "strong-buy" rating in a report on Sunday, August 24th. Finally, Citigroup upped their price target on shares of Mirion Technologies from $23.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $26.33.

Mirion Technologies Trading Up 5.6%

MIR opened at $24.42 on Tuesday. The firm has a market cap of $5.71 billion, a PE ratio of 814.07 and a beta of 0.88. Mirion Technologies, Inc. has a twelve month low of $12.00 and a twelve month high of $25.16. 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 firm's fifty day moving average is $22.10 and its two-hundred day moving average is $19.56.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The company 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 was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Equities research analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS 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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