First Trust Advisors LP lessened its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR – Free Report) by 57.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,993 shares of the company’s stock after selling 201,111 shares during the quarter. First Trust Advisors LP’s holdings in Mirion Technologies were worth $2,733,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MIR. Advisory Services Network LLC bought a new position in shares of Mirion Technologies in the third quarter valued at $25,000. UMB Bank n.a. increased its position in shares of Mirion Technologies by 175.4% during the fourth quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after acquiring an additional 856 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Mirion Technologies by 470.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after acquiring an additional 1,354 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Mirion Technologies by 58.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after acquiring an additional 631 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Mirion Technologies by 78.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after acquiring an additional 887 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on MIR shares. The Goldman Sachs Group reiterated a “buy” rating and set a $23.00 price target on shares of Mirion Technologies in a research note on Wednesday, July 29th. Weiss Ratings raised Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday. B. Riley Financial dropped their target price on Mirion Technologies from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Citigroup cut their target price on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Morgan Stanley decreased 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 research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.25.
Mirion Technologies Trading Up 4.4%
NYSE:MIR opened at $15.68 on Friday. Mirion Technologies, Inc. has a 52 week low of $14.11 and a 52 week high of $30.28. The firm has a 50-day moving average price of $16.88 and a two-hundred day moving average price of $19.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.63 and a current ratio of 3.20. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 156.81 and a beta of 1.05.
Mirion Technologies (NYSE:MIR – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $266.80 million for the quarter, compared to the consensus estimate 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 was up 19.7% compared to the same quarter last year. 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. On average, equities analysts expect that Mirion Technologies, Inc. will post 0.54 earnings per share for the current fiscal year.
Mirion Technologies Company 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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