Jennison Associates LLC lowered its stake in Mirion Technologies, Inc. (NYSE:MIR – Free Report) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 942,696 shares of the company’s stock after selling 49,887 shares during the period. Jennison Associates LLC’s holdings in Mirion Technologies were worth $17,525,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Royal Bank of Canada grew its position in Mirion Technologies by 258.2% in the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock valued at $1,433,000 after buying an additional 71,241 shares during the last quarter. AQR Capital Management LLC raised its position in Mirion Technologies by 124.3% during the 1st quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock worth $2,889,000 after buying an additional 110,399 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Mirion Technologies by 4.6% during the 1st 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 worth $6,301,000 after acquiring an additional 34,973 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in shares of Mirion Technologies in the second quarter valued at about $288,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on MIR. JPMorgan Chase & Co. dropped their price target on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Weiss Ratings downgraded shares of Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. Robert W. Baird lowered their price objective on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. The Goldman Sachs Group dropped their target price on Mirion Technologies from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Finally, Morgan Stanley reduced their price target on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mirion Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.38.
Mirion Technologies Price Performance
MIR stock opened at $16.26 on Wednesday. The firm has a 50 day moving average of $17.45 and a 200-day moving average of $20.17. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 162.64 and a beta of 1.03. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a 12-month low of $15.57 and a 12-month high of $30.28.
Mirion Technologies (NYSE:MIR – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The business had revenue of $257.60 million for the quarter, compared to analysts’ expectations of $244.78 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The company’s revenue was up 27.5% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, equities analysts expect that Mirion Technologies, Inc. will post 0.54 EPS for the current fiscal year.
Insider Buying and Selling
In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the sale, the chief accounting officer directly owned 22,157 shares in the company, valued at approximately $435,163.48. The trade was a 27.49% 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. 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.
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