Principal Financial Group Inc. Purchases 1,285,894 Shares of Mirion Technologies, Inc. $MIR

Principal Financial Group Inc. raised its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 1,114.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,401,252 shares of the company’s stock after purchasing an additional 1,285,894 shares during the period. Principal Financial Group Inc.’s holdings in Mirion Technologies were worth $32,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of Mirion Technologies by 258.2% during the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock valued at $1,433,000 after acquiring an additional 71,241 shares in the last quarter. AQR Capital Management LLC lifted its stake in Mirion Technologies by 124.3% during the first quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock worth $2,889,000 after purchasing an additional 110,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 valued at $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 grew its stake in shares of Mirion Technologies by 8.8% in 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 acquired a new position in shares of Mirion Technologies in the 2nd quarter worth approximately $483,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Evercore ISI began coverage on Mirion Technologies in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target on the stock. Citigroup lowered their target price 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. JPMorgan Chase & Co. lifted their price target 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. Finally, Morgan Stanley initiated coverage on shares of Mirion Technologies in a research note on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.38.

Insider Activity at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the business’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 value of $8,655,500.00. Following the completion of the transaction, the director owned 3,509,075 shares in the company, valued at $86,779,424.75. The trade was a 9.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.30% of the stock is owned by company insiders.

Mirion Technologies Stock Down 3.3%

Shares of NYSE MIR opened at $23.25 on Friday. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28. The firm’s 50-day simple moving average is $24.98 and its 200 day simple moving average is $23.90. 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 $5.90 billion, a price-to-earnings ratio of 211.42 and a beta of 0.97.

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.