Bank of New York Mellon Corp Grows Stake in Mirion Technologies, Inc. (NYSE:MIR)

Bank of New York Mellon Corp grew its position in Mirion Technologies, Inc. (NYSE:MIR) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 669,138 shares of the company’s stock after buying an additional 7,709 shares during the quarter. Bank of New York Mellon Corp owned 0.29% of Mirion Technologies worth $9,703,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of Mirion Technologies by 14.9% in the 1st quarter. Principal Financial Group Inc. now owns 14,057 shares of the company’s stock worth $204,000 after acquiring an additional 1,820 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Mirion Technologies by 86.7% in the first quarter. Teacher Retirement System of Texas now owns 29,565 shares of the company’s stock worth $429,000 after purchasing an additional 13,733 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Mirion Technologies during the first quarter valued at about $1,272,000. Vontobel Holding Ltd. purchased a new stake in shares of Mirion Technologies during the first quarter valued at about $868,000. Finally, KBC Group NV boosted its holdings in shares of 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. Institutional investors own 78.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of Mirion Technologies stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Mirion Technologies Trading Down 0.2%

NYSE MIR opened at $21.74 on Tuesday. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $22.22. The company has a fifty day simple moving average of $19.86 and a two-hundred day simple moving average of $16.92. The company has a current ratio of 2.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. The stock has a market cap of $5.04 billion, a P/E ratio of -362.25 and a beta of 0.83.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Mirion Technologies had a positive return on equity of 6.07% and a negative net margin of 1.16%. The company had revenue of $202.00 million during the quarter, compared to analyst estimates of $199.34 million. During the same quarter last year, the business posted $0.06 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, 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.