Key Points
- Director Lawrence Kingsley sold 300,000 shares on Nov. 21 at an average of $23.83 for about $7.149M, leaving him with 3.9M shares (a 7.14% reduction).
- Shares jumped about 5.5% to $23.82 on heavy volume; Mirion has a market cap of $6.05B, reported Q3 EPS of $0.12, and set FY2025 guidance of $0.480–$0.520 per share.
- Institutional buying has grown (Vanguard now owns 30.4M shares, up 28%), and analysts maintain a consensus "Buy" rating with a consensus target of $28.50.
Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) Director Lawrence Kingsley sold 300,000 shares of Mirion Technologies stock in a transaction that occurred on 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 in the company, valued at approximately $92,937,000. This represents a 7.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Mirion Technologies Stock Up 5.5%
NYSE MIR traded up $1.25 during trading on Friday, hitting $23.82. The stock had a trading volume of 5,388,056 shares, compared to its average volume of 4,554,087. Mirion Technologies, Inc. has a 12 month low of $12.00 and a 12 month high of $30.28. 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 company's 50-day moving average price is $24.76 and its two-hundred day moving average price is $21.83. The company has a market capitalization of $6.05 billion, a PE ratio of 216.57 and a beta of 0.88.
Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings results 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 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 business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current year.
Institutional Investors Weigh In On Mirion Technologies
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Mirion Technologies by 28.0% during the third quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company's stock worth $707,530,000 after buying an additional 6,651,735 shares during the last quarter. Two Creeks Capital Management LP acquired a new stake in shares of Mirion Technologies in the third quarter valued at approximately $83,707,000. UBS Group AG boosted its stake in shares of Mirion Technologies by 181.4% during the 3rd quarter. UBS Group AG now owns 4,796,833 shares of the company's stock worth $111,574,000 after acquiring an additional 3,092,136 shares during the period. Invesco Ltd. increased its holdings in shares of Mirion Technologies by 713.2% during the 2nd quarter. Invesco Ltd. now owns 2,617,252 shares of the company's stock worth $56,349,000 after acquiring an additional 2,295,414 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Mirion Technologies during the 2nd quarter worth approximately $34,269,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Northland Capmk upgraded shares of Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Northland Securities upped their target price on Mirion Technologies from $26.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Wall Street Zen downgraded Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Robert W. Baird boosted their price target on Mirion Technologies from $23.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $28.50.
View Our Latest Stock Analysis on Mirion Technologies
About Mirion Technologies
(
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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.
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