Schwartz Investment Counsel Inc. Cuts Stake in Mirion Technologies, Inc. $MIR

by · The Cerbat Gem

Schwartz Investment Counsel Inc. cut its position in Mirion Technologies, Inc. (NYSE:MIR – Free Report) by 10.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 854,300 shares of the company’s stock after selling 100,000 shares during the period. Schwartz Investment Counsel Inc. owned approximately 0.37% of Mirion Technologies worth $19,871,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank raised its holdings in Mirion Technologies by 887.4% in the 3rd quarter. Amalgamated Bank now owns 69,729 shares of the company’s stock worth $1,622,000 after acquiring an additional 62,667 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Mirion Technologies by 40.6% in 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 in the last quarter. Maryland State Retirement & Pension System bought a new stake in shares of Mirion Technologies in the 3rd quarter worth $824,000. Wolff Wiese Magana LLC purchased a new position in shares of Mirion Technologies in the third quarter worth $26,000. Finally, Conestoga Capital Advisors LLC bought a new position in shares of Mirion Technologies during the third quarter valued at $31,443,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Insider Buying and Selling

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the company’s stock in a transaction dated 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 owned 3,509,075 shares in the company, valued at $86,779,424.75. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MIR shares. Citigroup decreased their target price on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, December 8th. JPMorgan Chase & Co. boosted 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. Northland Securities increased their price objective on shares of Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Finally, Robert W. Baird increased their price target on Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Mirion Technologies currently has an average rating of “Buy” and an average target price of $28.29.

Read Our Latest Analysis on Mirion Technologies

Mirion Technologies Stock Performance

Shares of NYSE MIR opened at $26.97 on Monday. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 245.20 and a beta of 0.95. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $24.88 and a 200 day moving average of $23.48.

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 business had revenue of $223.10 million for 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 company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, research analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Mirion Technologies Company Profile

(Free Report)

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.

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