Loomis Sayles & Co. L P Invests $34.27 Million in Mirion Technologies, Inc. $MIR

Loomis Sayles & Co. L P bought a new position in shares of Mirion Technologies, Inc. (NYSE:MIR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,591,688 shares of the company’s stock, valued at approximately $34,269,000. Loomis Sayles & Co. L P owned 0.68% of Mirion Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in MIR. T. Rowe Price Investment Management Inc. grew its holdings in Mirion Technologies by 1.6% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mirion Technologies by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,363,954 shares of the company’s stock worth $106,779,000 after purchasing an additional 178,260 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Mirion Technologies by 10.3% during the 1st 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 during the last quarter. American Century Companies Inc. grew its stake in shares of Mirion Technologies by 43.9% during the first quarter. American Century Companies Inc. now owns 3,432,814 shares of the company’s stock worth $49,776,000 after purchasing an additional 1,047,781 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings 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 buying an additional 31,130 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on MIR shares. Northland Capmk upgraded Mirion Technologies to a “strong-buy” rating in a research note on Sunday, August 24th. Wall Street Zen lowered Mirion Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. The Goldman Sachs Group upped their price target on Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. 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 research note on Thursday, October 30th. Finally, Robert W. Baird boosted their price objective on shares of Mirion Technologies from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $28.57.

Insider Activity at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 300,000 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $23.83, for a total value of $7,149,000.00. Following the completion of the sale, the director directly owned 3,900,000 shares of the company’s stock, valued at approximately $92,937,000. This represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.30% of the company’s stock.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $26.31 on Friday. The stock has a market cap of $6.68 billion, a P/E ratio of 239.19 and a beta of 0.88. Mirion Technologies, Inc. has a twelve month low of $12.00 and a twelve month high of $30.28. The stock has a 50 day moving average of $24.95 and a two-hundred day moving average of $22.18. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63.

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. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. The business had revenue of $223.10 million for the quarter, compared to analyst estimates of $222.17 million. During the same period last year, the firm posted $0.08 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, research analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Mirion Technologies Company Profile

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.