Oregon Public Employees Retirement Fund Acquires Shares of 55,200 Mirion Technologies, Inc. $MIR

Oregon Public Employees Retirement Fund bought a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 55,200 shares of the company’s stock, valued at approximately $1,284,000.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Mirion Technologies by 258.2% in the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock worth $1,433,000 after acquiring an additional 71,241 shares during the last quarter. AQR Capital Management LLC boosted its position in Mirion Technologies by 124.3% during the first quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock worth $2,889,000 after purchasing an additional 110,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Mirion Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock worth $1,783,000 after purchasing an additional 5,366 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Mirion Technologies by 8.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company’s stock worth $6,301,000 after purchasing an additional 34,973 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Mirion Technologies in the first quarter valued at approximately $280,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

NYSE:MIR opened at $27.04 on Friday. The stock has a market cap of $6.86 billion, a P/E ratio of 245.81 and a beta of 0.95. The company has a quick ratio of 4.32, a current ratio of 4.83 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $24.89 and its two-hundred day moving average price is $23.41. Mirion Technologies, Inc. has a twelve month low of $12.00 and a twelve month high of $30.28.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $223.10 million for 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%. Mirion Technologies’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, equities analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the completion of the sale, the director directly owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. The trade was a 9.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

MIR has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Evercore ISI assumed coverage on Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target for the company. Robert W. Baird boosted their price objective on Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Northland Securities raised their target price on Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Citigroup decreased their price target on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $28.29.

About Mirion Technologies

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.