Thrivent Financial for Lutherans Makes New Investment in Mirion Technologies, Inc. $MIR

Thrivent Financial for Lutherans acquired a new position in Mirion Technologies, Inc. (NYSE:MIR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 179,781 shares of the company’s stock, valued at approximately $4,182,000. Thrivent Financial for Lutherans owned approximately 0.08% of Mirion Technologies at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Royal Bank of Canada increased its stake 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 buying an additional 71,241 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Mirion Technologies by 124.3% in the first quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock worth $2,889,000 after acquiring an additional 110,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 purchasing an additional 5,366 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Mirion Technologies by 8.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company’s stock valued at $6,301,000 after purchasing an additional 34,973 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in Mirion Technologies in the 2nd quarter worth approximately $483,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

Mirion Technologies stock opened at $24.07 on Friday. The company’s 50-day moving average price is $24.94 and its 200-day moving average price is $23.93. 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 company has a market cap of $6.11 billion, a PE ratio of 218.84 and a beta of 0.97. Mirion Technologies, Inc. has a twelve month low of $12.00 and a twelve month high of $30.28.

Insider Transactions at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value 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 $86,779,424.75. This trade represents a 9.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MIR has been the subject of a number of research analyst reports. Evercore initiated coverage on shares of Mirion Technologies in a report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price objective for the company. Morgan Stanley assumed coverage on shares of Mirion Technologies in a research note on Friday, January 23rd. They set an “equal weight” rating and a $29.00 target price for the company. Citigroup reduced their price target on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $28.38.

Mirion Technologies Profile

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.