Madison Asset Management LLC Raises Stock Holdings in Mirion Technologies, Inc. $MIR

Madison Asset Management LLC raised its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 119.5% during the 1st quarter, Holdings Channel reports. The firm owned 124,323 shares of the company’s stock after buying an additional 67,679 shares during the quarter. Madison Asset Management LLC’s holdings in Mirion Technologies were worth $2,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Mirion Technologies by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company’s stock worth $87,240,000 after buying an additional 591,730 shares during the period. KBC Group NV grew its stake in Mirion Technologies by 1,907.1% in the 1st quarter. KBC Group NV now owns 153,925 shares of the company’s stock valued at $2,861,000 after acquiring an additional 146,256 shares during the period. Swiss National Bank increased its holdings in Mirion Technologies by 0.4% in the 1st quarter. Swiss National Bank now owns 465,900 shares of the company’s stock worth $8,661,000 after acquiring an additional 1,700 shares in the last quarter. Assetmark Inc. raised its position in Mirion Technologies by 8,123.8% during the first quarter. Assetmark Inc. now owns 3,454 shares of the company’s stock worth $64,000 after acquiring an additional 3,412 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Mirion Technologies by 2.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,059,030 shares of the company’s stock worth $19,762,000 after acquiring an additional 28,800 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. 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, July 10th. Weiss Ratings cut Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Morgan Stanley cut their price objective on 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. Finally, Robert W. Baird reduced their target price on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.38.

Insider Transactions at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,400 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction 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 approximately $435,163.48. This represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Mirion Technologies Trading Up 3.1%

Shares of MIR opened at $16.26 on Wednesday. Mirion Technologies, Inc. has a 52-week low of $15.57 and a 52-week high of $30.28. The stock has a market cap of $4.07 billion, a PE ratio of 162.64 and a beta of 1.03. The firm’s fifty day moving average is $17.45 and its two-hundred day moving average is $20.17. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $257.60 million during the quarter, compared to analysts’ expectations of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Research analysts forecast 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.