1,591,688 Shares in Mirion Technologies, Inc. $MIR Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the second quarter, HoldingsChannel reports. The fund acquired 1,591,688 shares of the company’s stock, valued at approximately $34,269,000.

A number of other large investors also recently bought and sold shares of MIR. T. Rowe Price Investment Management Inc. lifted its stake in shares of Mirion Technologies by 1.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,710,389 shares of the company’s stock worth $300,301,000 after acquiring an additional 322,243 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Mirion Technologies by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,363,954 shares of the company’s stock worth $106,779,000 after acquiring an additional 178,260 shares during the period. Alyeska Investment Group L.P. raised its holdings in Mirion Technologies by 10.3% during the first quarter. Alyeska Investment Group L.P. now owns 4,150,262 shares of the company’s stock worth $60,179,000 after purchasing an additional 388,947 shares in the last quarter. American Century Companies Inc. lifted its position in Mirion Technologies by 43.9% in the first quarter. American Century Companies Inc. now owns 3,432,814 shares of the company’s stock valued at $49,776,000 after purchasing an additional 1,047,781 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in Mirion Technologies by 1.3% in the first quarter. Lord Abbett & CO. LLC now owns 2,399,864 shares of the company’s stock valued at $34,798,000 after purchasing an additional 31,130 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Insider Buying and Selling

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 300,000 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $23.83, for a total transaction of $7,149,000.00. Following the sale, the director owned 3,900,000 shares in the company, valued at approximately $92,937,000. This represents a 7.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MIR. Wall Street Zen cut Mirion Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Citigroup upped their price objective on Mirion Technologies from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Robert W. Baird raised their target price on Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Northland Securities upped their price target on shares of Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $28.57.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $26.31 on Friday. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $24.95 and its 200 day moving average price is $22.18. Mirion Technologies, Inc. has a 52 week low of $12.00 and a 52 week high of $30.28. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 239.19 and a beta of 0.88.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $222.17 million. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, research analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share 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.