Teachers Retirement System of The State of Kentucky Invests $1.22 Million in Mirion Technologies, Inc. $MIR

Teachers Retirement System of The State of Kentucky acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,500 shares of the company’s stock, valued at approximately $1,221,000.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 acquiring an additional 6,651,735 shares during the last quarter. Invesco Ltd. raised its stake in shares of Mirion Technologies by 713.2% in the 2nd quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock valued at $56,349,000 after acquiring an additional 2,295,414 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Mirion Technologies in the 2nd quarter worth approximately $34,269,000. Massachusetts Financial Services Co. MA boosted its position in shares of Mirion Technologies by 40.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,391,772 shares of the company’s stock worth $125,413,000 after purchasing an additional 1,558,104 shares during the period. Finally, Hood River Capital Management LLC acquired a new stake in Mirion Technologies in the 2nd quarter valued at approximately $31,655,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

MIR has been the subject of several research analyst reports. Morgan Stanley assumed coverage on Mirion Technologies in a research report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price target for the company. The Goldman Sachs Group lowered their target price on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Citigroup reduced their price target on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Evercore assumed coverage on shares of Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.38.

Insider Buying and Selling

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the sale, the director owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is owned by corporate insiders.

Mirion Technologies Price Performance

Shares of MIR opened at $21.32 on Friday. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 193.84 and a beta of 0.99. The firm’s fifty day simple moving average is $23.92 and its 200-day simple moving average is $23.96. Mirion Technologies, Inc. has a twelve month low of $12.00 and a twelve month high of $30.28. The company has a current ratio of 2.83, a quick ratio of 2.34 and a debt-to-equity ratio of 0.62.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Mirion Technologies had a net margin of 3.11% and a return on equity of 6.97%. The business had revenue of $277.40 million during the quarter, compared to analyst estimates of $281.17 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Equities analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

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.