Vanguard Group Inc. Has $337.24 Million Stock Holdings in Mirion Technologies, Inc. $MIR

Key Points

• Vanguard Group Inc. reduced its stake in Mirion Technologies by 2.7%, selling 651,754 shares and now owns approximately 10.01% of the company.
• Mirion's stock has recently been rated with a consensus "Buy" rating from analysts, with price targets ranging from $22.00 to $24.00.
• The company reported earnings of $0.11 per share for the last quarter, surpassing expectations and showing a revenue increase of 7.6% year-over-year.

Vanguard Group Inc. lowered its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,258,048 shares of the company's stock after selling 651,754 shares during the period. Vanguard Group Inc. owned 10.01% of Mirion Technologies worth $337,242,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV boosted its position in Mirion Technologies by 31.0% during the first quarter. KBC Group NV now owns 10,485 shares of the company's stock worth $152,000 after purchasing an additional 2,483 shares during the period. Principal Financial Group Inc. boosted its position in shares of Mirion Technologies by 14.9% in the first quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock valued at $204,000 after acquiring an additional 1,820 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Mirion Technologies in the fourth quarter valued at approximately $480,000. Xponance Inc. boosted its position in shares of Mirion Technologies by 5.7% in the first quarter. Xponance Inc. now owns 15,793 shares of the company's stock valued at $229,000 after acquiring an additional 851 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Mirion Technologies by 3,556.6% in the first quarter. Victory Capital Management Inc. now owns 1,004,697 shares of the company's stock valued at $14,568,000 after acquiring an additional 977,221 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on MIR shares. Citigroup raised their target price on Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Wall Street Zen cut Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. B. Riley reaffirmed a "buy" rating and issued a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Finally, Robert W. Baird raised their target price on Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and four 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 an average price target of $22.25.

Mirion Technologies Price Performance

Shares of NYSE:MIR traded up $0.22 during midday trading on Wednesday, reaching $20.01. The company's stock had a trading volume of 907,724 shares, compared to its average volume of 2,524,873. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $22.80. The company has a market capitalization of $4.68 billion, a P/E ratio of 666.33 and a beta of 0.83. 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 fifty day simple moving average is $20.97 and its 200-day simple moving average is $17.63.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping 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 company's revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, equities research analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

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.