Schwartz Investment Counsel Inc. Purchases 60,000 Shares of Mirion Technologies, Inc. $MIR

Schwartz Investment Counsel Inc. increased its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 7.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 854,300 shares of the company’s stock after acquiring an additional 60,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Mirion Technologies were worth $15,881,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MIR. Royal Bank of Canada increased its stake in Mirion Technologies by 258.2% in the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock worth $1,433,000 after acquiring an additional 71,241 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Mirion Technologies by 124.3% in 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. raised its stake in Mirion Technologies by 4.6% in 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 raised its stake in Mirion Technologies by 8.8% in the first 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 in the last quarter. Finally, Cetera Investment Advisers purchased a new position in Mirion Technologies in the 2nd quarter worth approximately $288,000. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Down 4.6%

MIR stock opened at $16.21 on Tuesday. Mirion Technologies, Inc. has a fifty-two week low of $15.58 and a fifty-two week high of $30.28. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 162.15 and a beta of 1.03. The business’s 50 day moving average price is $17.85 and its two-hundred day moving average price is $20.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The firm’s revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, analysts forecast that Mirion Technologies, Inc. will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on MIR shares. Citigroup cut their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Morgan Stanley decreased their price objective on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday. The Goldman Sachs Group decreased their price target on shares of Mirion Technologies from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.38.

Insider Activity

In related news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction dated 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 transaction, the chief accounting officer directly owned 22,157 shares in the company, valued at $435,163.48. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by 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.