Vanguard Group Inc. Raises Holdings in Mirion Technologies, Inc. $MIR

Vanguard Group Inc. lifted its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 28.0% during the third quarter, Holdings Channel reports. The firm owned 30,418,327 shares of the company’s stock after acquiring an additional 6,651,735 shares during the quarter. Vanguard Group Inc. owned approximately 0.13% of Mirion Technologies worth $707,530,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in MIR. Invesco Ltd. increased its position in Mirion Technologies by 713.2% during the second quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock worth $56,349,000 after buying an additional 2,295,414 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of Mirion Technologies in the second quarter valued at approximately $34,269,000. Massachusetts Financial Services Co. MA grew its position in shares of Mirion Technologies by 40.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,391,772 shares of the company’s stock worth $125,413,000 after acquiring an additional 1,558,104 shares during the last quarter. Hood River Capital Management LLC acquired a new position in shares of Mirion Technologies in the 2nd quarter valued at $31,655,000. Finally, Conestoga Capital Advisors LLC purchased a new stake in Mirion Technologies in the 3rd quarter valued at $31,443,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on MIR. Evercore started coverage on Mirion Technologies in a report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. The Goldman Sachs Group dropped their target price on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Citigroup lowered their price objective 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, Morgan Stanley began coverage on shares of Mirion Technologies in a research report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $28.38.

Mirion Technologies Trading Down 3.8%

NYSE:MIR opened at $20.48 on Tuesday. The stock has a fifty day moving average price of $24.24 and a two-hundred day moving average price of $23.98. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 186.20 and a beta of 0.97. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.34 and a current ratio of 2.83. Mirion Technologies, Inc. has a 1 year low of $12.00 and a 1 year high of $30.28.

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

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 shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the transaction, the director directly owned 3,509,075 shares in the company, valued at approximately $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 can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

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.