New York State Teachers Retirement System Has $2.29 Million Stock Position in Mirion Technologies, Inc. $MIR

New York State Teachers Retirement System increased its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 79.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 97,836 shares of the company’s stock after purchasing an additional 43,300 shares during the period. New York State Teachers Retirement System’s holdings in Mirion Technologies were worth $2,291,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Mirion Technologies by 258.2% in the first 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 period. AQR Capital Management LLC boosted its stake in shares of 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 acquiring an additional 110,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 acquiring an additional 5,366 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Mirion Technologies by 8.8% during 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 last quarter. Finally, Cetera Investment Advisers bought a new stake in Mirion Technologies in the 2nd quarter valued at $288,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Wall Street Analysts Forecast Growth

MIR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective 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. Melius Research raised shares of Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday. Robert W. Baird decreased their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Finally, Citigroup lowered their price target on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mirion Technologies currently has an average rating of “Moderate Buy” and an average price target of $27.13.

Mirion Technologies Stock Performance

Shares of NYSE:MIR opened at $18.97 on Friday. The company’s 50 day moving average price is $19.73 and its two-hundred day moving average price is $23.05. Mirion Technologies, Inc. has a 12-month low of $16.06 and a 12-month high of $30.28. The firm has a market cap of $4.75 billion, a PE ratio of 189.68 and a beta of 1.07. 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 released its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $257.60 million during the quarter, compared to the consensus estimate of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities research analysts predict that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Christopher A. Moore sold 8,400 shares of the company’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 completion of the sale, the chief accounting officer directly owned 22,157 shares in the company, valued at approximately $435,163.48. This represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is owned by corporate insiders.

About Mirion Technologies

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.