Swiss National Bank Grows Position in Mirion Technologies, Inc. $MIR

Key Points

• The Swiss National Bank increased its stake in **Mirion Technologies, Inc.** by 4.4%, acquiring an additional 16,400 shares, bringing its total holdings to approximately **393,200 shares** valued at **$5.7 million**.
• CEO **Thomas D. Logan** sold **325,000 shares** of **Mirion Technologies**, resulting in a **7.99% decrease** in his ownership, while Director **Lawrence D. Kingsley** sold **500,000 shares**, a significant reduction of **89.08%** in his holdings.

Swiss National Bank boosted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 393,200 shares of the company's stock after buying an additional 16,400 shares during the period. Swiss National Bank owned approximately 0.17% of Mirion Technologies worth $5,701,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Xponance Inc. increased its position in 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 in the last quarter. Envestnet Asset Management Inc. increased its position in Mirion Technologies by 4.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock valued at $338,000 after buying an additional 865 shares in the last quarter. Principal Financial Group Inc. increased its position in Mirion Technologies by 14.9% during the 1st quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock valued at $204,000 after buying an additional 1,820 shares in the last quarter. KBC Group NV increased its position in 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 buying an additional 2,483 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Mirion Technologies by 4.7% during the 1st quarter. Arizona State Retirement System now owns 58,214 shares of the company's stock valued at $844,000 after buying an additional 2,608 shares in the last quarter. Institutional investors own 78.51% of the company's stock.

Mirion Technologies Stock Performance

Shares of MIR traded up $0.5950 during trading hours on Friday, hitting $20.8050. The stock had a trading volume of 1,751,758 shares, compared to its average volume of 2,949,296. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01. Mirion Technologies, Inc. has a 12 month low of $9.11 and a 12 month high of $22.80. The firm has a market capitalization of $4.87 billion, a PE ratio of 693.50 and a beta of 0.83. The stock has a fifty day moving average price of $20.99 and a 200 day moving average price of $17.73.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $216.78 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. Mirion Technologies's revenue was up 7.6% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Insider Activity at Mirion Technologies

In related news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction 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 completion of the sale, the chief executive officer owned 3,742,305 shares of the company's stock, valued at $79,748,519.55. The trade was 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 link. 6.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MIR shares. Robert W. Baird raised their price objective on Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Citigroup raised 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. Wall Street Zen lowered Mirion Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, B. Riley reissued 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. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $22.25.

About Mirion Technologies

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.