Mirion Technologies, Inc. (NYSE:MIR) Shares Acquired by Royce & Associates LP

Key Points

• Royce & Associates LP increased its stake in Mirion Technologies by 47.6%, acquiring an additional 215,643 shares, bringing its total to 668,643 shares valued at approximately $9.7 million.
• Insider trading was notable as Director Lawrence D. Kingsley sold 500,000 shares for $8.97 million, resulting in an 89.08% decrease in his ownership of the stock.
• Analysts have raised price targets for Mirion Technologies, with B. Riley and Robert W. Baird setting targets at $22.00, up from previous estimates, reflecting a consensus "buy" rating for the stock.

Royce & Associates LP lifted its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 47.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 668,643 shares of the company's stock after acquiring an additional 215,643 shares during the quarter. Royce & Associates LP owned 0.29% of Mirion Technologies worth $9,695,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Mirion Technologies by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 23,909,802 shares of the company's stock valued at $417,226,000 after acquiring an additional 227,178 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Mirion Technologies by 1.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 20,388,146 shares of the company's stock worth $355,774,000 after buying an additional 216,258 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Mirion Technologies by 2.8% during the 4th quarter. Janus Henderson Group PLC now owns 8,330,495 shares of the company's stock worth $145,367,000 after buying an additional 229,718 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Mirion Technologies by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,185,694 shares of the company's stock worth $125,391,000 after buying an additional 171,918 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Mirion Technologies by 45.9% during the 1st quarter. Brown Advisory Inc. now owns 5,560,461 shares of the company's stock worth $80,627,000 after buying an additional 1,748,437 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Stock Down 0.5%

NYSE:MIR traded down $0.12 on Tuesday, reaching $22.18. The stock had a trading volume of 570,983 shares, compared to its average volume of 2,452,293. The company has a current ratio of 2.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $20.30 and a 200 day moving average of $17.10. The stock has a market cap of $5.14 billion, a P/E ratio of -369.67 and a beta of 0.83. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $22.68.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Mirion Technologies had a negative net margin of 1.16% and a positive return on equity of 6.07%. The business had revenue of $202.00 million for the quarter, compared to analysts' expectations of $199.34 million. During the same quarter last year, the company posted $0.06 earnings per share. The company's quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MIR shares. Citigroup upped their price objective on Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, July 14th. B. Riley reaffirmed a "buy" rating and set a $22.00 price target (up from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Finally, Robert W. Baird upped their price target on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Mirion Technologies has an average rating of "Buy" and an average target price of $22.25.

Insiders Place Their Bets

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the sale, the director owned 61,287 shares in the company, valued at $1,099,488.78. This represents a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by company 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.