Strs Ohio Takes Position in Mirion Technologies, Inc. $MIR

Key Points

• Strs Ohio acquired 19,300 shares of Mirion Technologies, Inc. valued at approximately $280,000 during Q1, highlighting increased institutional interest in the company.
• Wall Street analysts have a consensus rating of "Buy" on Mirion Technologies, with target prices ranging from $22.00 to $26.00.
• CEO Thomas D. Logan sold 325,000 shares at an average price of $21.31, representing a 7.99% decrease in his holdings, which could indicate skepticism about near-term stock performance.

Strs Ohio acquired a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,300 shares of the company's stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MIR. Ameriprise Financial Inc. bought a new stake in shares of Mirion Technologies in the 4th quarter worth approximately $1,628,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Mirion Technologies by 36.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 399,610 shares of the company's stock worth $6,973,000 after buying an additional 106,773 shares during the period. Mackenzie Financial Corp lifted its position in shares of Mirion Technologies by 73.6% during the 4th quarter. Mackenzie Financial Corp now owns 21,908 shares of the company's stock worth $382,000 after buying an additional 9,291 shares during the period. Integrated Advisors Network LLC raised its position in Mirion Technologies by 70.5% in the 4th quarter. Integrated Advisors Network LLC now owns 18,491 shares of the company's stock valued at $323,000 after purchasing an additional 7,647 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Mirion Technologies by 2,310.3% in the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after purchasing an additional 6,977 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company's stock.

Wall Street Analysts Forecast Growth

MIR has been the subject of several research analyst reports. Citigroup lifted their price objective on Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group boosted their target price on Mirion Technologies from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Robert W. Baird lifted their price objective on 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 cut Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Northland Securities began coverage on Mirion Technologies in a research note on Monday, August 25th. They issued an "outperform" rating and a $26.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. Based on data from MarketBeat, Mirion Technologies presently has a consensus rating of "Buy" and a consensus target price of $23.80.

Insiders Place Their Bets

In related news, CEO Thomas D. Logan sold 325,000 shares of the business's stock in a transaction 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 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 legal filing with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by corporate insiders.

Mirion Technologies Trading Up 0.6%

Shares of NYSE:MIR opened at $24.65 on Wednesday. The company has a market capitalization of $5.77 billion, a P/E ratio of 821.80 and a beta of 0.82. Mirion Technologies, Inc. has a 1 year low of $10.30 and a 1 year high of $25.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01. The business's 50 day simple moving average is $21.71 and its 200 day simple moving average is $18.72.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share 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 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 revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, research analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal 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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