Principal Financial Group Inc. Purchases 306,407 Shares of Mirion Technologies, Inc. $MIR

Principal Financial Group Inc. increased its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 21.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,707,659 shares of the company’s stock after acquiring an additional 306,407 shares during the quarter. Principal Financial Group Inc.’s holdings in Mirion Technologies were worth $39,993,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Mirion Technologies by 28.0% in the third quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock worth $707,530,000 after acquiring an additional 6,651,735 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Mirion Technologies by 174,900.0% in the third quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock worth $407,050,000 after acquiring an additional 17,490,000 shares during the last quarter. Cooperman Leon G lifted its holdings in shares of Mirion Technologies by 17.7% in the third quarter. Cooperman Leon G now owns 8,383,441 shares of the company’s stock worth $194,999,000 after acquiring an additional 1,258,441 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Mirion Technologies by 40.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,391,772 shares of the company’s stock worth $125,413,000 after acquiring an additional 1,558,104 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Mirion Technologies by 1.2% in the fourth quarter. UBS Group AG now owns 4,852,587 shares of the company’s stock worth $113,648,000 after acquiring an additional 55,754 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

Insider Activity

In other news, CAO Christopher A. Moore sold 8,400 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the transaction, the chief accounting officer owned 22,157 shares of the company’s stock, valued at $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 6.30% of the stock is owned by corporate insiders.

Mirion Technologies Stock Performance

Mirion Technologies stock opened at $18.97 on Friday. The business has a 50 day moving average of $19.73 and a 200-day moving average of $23.05. Mirion Technologies, Inc. has a 1 year low of $16.06 and a 1 year high of $30.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. The company has a market capitalization of $4.75 billion, a P/E ratio of 189.68 and a beta of 1.07.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company had revenue of $257.60 million during the quarter, compared to the consensus estimate of $244.78 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The firm’s revenue was up 27.5% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, equities research analysts predict that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Melius Research raised shares of Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. Morgan Stanley dropped their target price on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, March 11th. JPMorgan Chase & Co. dropped their target price on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, March 26th. Finally, The Goldman Sachs Group dropped their target price on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.13.

Mirion Technologies Company Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.