Principal Financial Group Inc. Grows Stock Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Principal Financial Group Inc. grew its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 14.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,057 shares of the company’s stock after buying an additional 1,820 shares during the quarter. Principal Financial Group Inc.’s holdings in Mirion Technologies were worth $204,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC grew its position in Mirion Technologies by 2,310.3% in the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company’s stock valued at $106,000 after buying an additional 6,977 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Mirion Technologies by 162.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company’s stock valued at $116,000 after buying an additional 4,120 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Mirion Technologies in the 4th quarter valued at about $120,000. KBC Group NV grew its position in Mirion Technologies by 31.0% in the 1st quarter. KBC Group NV now owns 10,485 shares of the company’s stock valued at $152,000 after buying an additional 2,483 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new position in Mirion Technologies in the 4th quarter valued at about $187,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. B. Riley cut their price target on shares of Mirion Technologies from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Citigroup raised their target price on shares of Mirion Technologies from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Robert W. Baird raised their target price on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $21.00.

Insider Transactions at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the sale, the director directly owned 61,287 shares in the company, valued at approximately $1,099,488.78. The trade was a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Mirion Technologies Stock Performance

Shares of NYSE:MIR opened at $21.79 on Monday. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of -363.17 and a beta of 0.83. The firm’s 50 day simple moving average is $19.76 and its 200 day simple moving average is $16.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.23 and a quick ratio of 1.69. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $22.21.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. Mirion Technologies had a negative net margin of 1.16% and a positive return on equity of 6.07%. The company had revenue of $202.00 million during the quarter, compared to analysts’ expectations of $199.34 million. During the same period last year, the business earned $0.06 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Mirion Technologies 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.