Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stake in Mirion Technologies, Inc. $MIR

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 76.8% during the third quarter, HoldingsChannel reports. The fund owned 417,790 shares of the company’s stock after buying an additional 181,450 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Mirion Technologies were worth $9,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MIR. Royal Bank of Canada boosted its position in shares of Mirion Technologies by 258.2% during the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock worth $1,433,000 after purchasing an additional 71,241 shares in the last quarter. AQR Capital Management LLC boosted its holdings 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 buying an additional 110,399 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Mirion Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock worth $1,783,000 after buying an additional 5,366 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Mirion Technologies by 8.8% during 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 buying an additional 34,973 shares during the period. Finally, Intech Investment Management LLC increased its holdings in Mirion Technologies by 38.0% in the first quarter. Intech Investment Management LLC now owns 127,952 shares of the company’s stock valued at $1,855,000 after buying an additional 35,218 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of NYSE:MIR opened at $26.02 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.32 and a current ratio of 4.83. The business’s fifty day moving average price is $25.02 and its two-hundred day moving average price is $23.28. The stock has a market cap of $6.60 billion, a PE ratio of 236.53 and a beta of 0.95. Mirion Technologies, Inc. has a one year low of $12.00 and a one year high of $30.28.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $223.10 million for the quarter, compared to the consensus estimate of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The business’s revenue was up 7.9% on a year-over-year basis. 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. On average, analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on MIR. Weiss Ratings reissued a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th. Evercore ISI initiated coverage on Mirion Technologies in a research report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 target price on the stock. Robert W. Baird upped 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. Citigroup dropped their price target on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. 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 stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $28.29.

Insider Transactions at Mirion Technologies

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

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.