Intech Investment Management LLC Lowers Stock Holdings in Mirion Technologies, Inc. $MIR

Intech Investment Management LLC lowered its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 26.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,526 shares of the company’s stock after selling 33,426 shares during the period. Intech Investment Management LLC’s holdings in Mirion Technologies were worth $2,199,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Wolff Wiese Magana LLC bought a new stake in Mirion Technologies in the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC bought a new stake in shares of Mirion Technologies in the 3rd quarter worth approximately $30,000. Fortress Investment Group LLC bought a new stake in shares of Mirion Technologies in the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after purchasing an additional 1,354 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Mirion Technologies by 96.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock valued at $38,000 after purchasing an additional 811 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total value of $8,655,500.00. Following the sale, the director owned 3,509,075 shares in the company, valued at $86,779,424.75. The trade was a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by company insiders.

Mirion Technologies Stock Down 1.6%

Shares of NYSE:MIR opened at $21.92 on Wednesday. Mirion Technologies, Inc. has a 1 year low of $12.00 and a 1 year high of $30.28. The company has a market cap of $5.49 billion, a PE ratio of 199.29 and a beta of 0.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34. The stock’s 50-day moving average is $24.02 and its 200 day moving average is $23.99.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The business had revenue of $277.40 million during the quarter, compared to analysts’ expectations of $281.17 million. During the same quarter last year, the business posted $0.17 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on MIR. Morgan Stanley began coverage on shares of Mirion Technologies in a research note on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 price target for the company. Citigroup lowered their target price on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. The Goldman Sachs Group reduced their price target on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Evercore assumed coverage on Mirion Technologies in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.38.

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.