Mirion Technologies, Inc. $MIR Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its position in Mirion Technologies, Inc. (NYSE:MIR) by 8.7% in the 1st quarter, Holdings Channel reports. The fund owned 1,961,404 shares of the company’s stock after selling 186,580 shares during the period. Royal Bank of Canada’s holdings in Mirion Technologies were worth $36,462,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $1,783,000 after buying an additional 5,366 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 worth $6,301,000 after buying an additional 34,973 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Mirion Technologies in the 2nd quarter worth about $288,000. Finally, Invesco Ltd. grew its holdings in 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 buying an additional 2,295,414 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Stock Performance

NYSE MIR opened at $15.68 on Tuesday. The firm has a market capitalization of $3.93 billion, a P/E ratio of 156.83 and a beta of 1.05. Mirion Technologies, Inc. has a 1-year low of $14.11 and a 1-year high of $30.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.20 and a quick ratio of 2.63. The business’s 50-day simple moving average is $17.04 and its 200-day simple moving average is $19.60.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $266.80 million during the quarter, compared to analysts’ expectations of $269.32 million. Mirion Technologies had a return on equity of 6.59% and a net margin of 2.39%.The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities analysts predict that Mirion Technologies, Inc. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on MIR shares. Morgan Stanley dropped their price objective on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, July 13th. B. Riley Financial lowered their target price on shares of Mirion Technologies from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings lowered shares of Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, July 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $23.00 price target on shares of Mirion Technologies in a research note on Wednesday, July 29th. Finally, Citigroup decreased their price target on shares of Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.25.

Insider Transactions at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the sale, the chief accounting officer owned 22,157 shares of the company’s stock, valued at $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

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.