TD Asset Management Inc Increases Stake in Mirion Technologies, Inc. $MIR

Key Points

• TD Asset Management Inc has increased its stake in Mirion Technologies by 3.8%, now owning 0.19% of the company valued at $9.27 million.
• CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies at an average price of $21.31, reducing his ownership by 7.99%.
• Mirion Technologies reported earnings of $0.11 EPS, surpassing expectations, and provided FY 2025 guidance of 0.480-0.520 EPS.

TD Asset Management Inc grew its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 430,758 shares of the company's stock after acquiring an additional 15,724 shares during the period. TD Asset Management Inc owned 0.19% of Mirion Technologies worth $9,274,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. AlphaQuest LLC increased its stake in shares of Mirion Technologies by 360,400.0% in 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Mirion Technologies in the first quarter worth about $68,000. Smartleaf Asset Management LLC raised its stake in shares of Mirion Technologies by 582.2% in the first quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company's stock worth $76,000 after buying an additional 4,442 shares during the period. CWM LLC lifted its position in shares of Mirion Technologies by 1,026.3% during the 1st quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after buying an additional 5,860 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Mirion Technologies by 2,310.3% during the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after acquiring an additional 6,977 shares during the period. Institutional investors own 78.51% of the company's stock.

Insider Activity

In other news, CEO Thomas D. Logan sold 325,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. This represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is owned by company insiders.

Mirion Technologies Stock Performance

Shares of NYSE MIR opened at $24.19 on Monday. The company has a market cap of $5.66 billion, a P/E ratio of 806.33 and a beta of 0.88. Mirion Technologies, Inc. has a 52-week low of $12.00 and a 52-week high of $25.54. 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 $22.36 and its two-hundred day moving average is $19.85.

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 for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $222.90 million during 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%.The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. 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 fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on MIR. Robert W. Baird lifted their price target on shares of Mirion Technologies from $23.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, September 29th. B. Riley restated a "buy" rating and set a $22.00 target price (up previously from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Northland Securities increased their price target on Mirion Technologies from $26.00 to $29.00 and gave the stock an "outperform" rating in a research note on Monday, September 29th. Wall Street Zen downgraded Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, The Goldman Sachs Group upped their price objective on Mirion Technologies from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $26.33.

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.

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