TD Asset Management Inc Reduces Stock Position in Mirion Technologies, Inc. $MIR

TD Asset Management Inc decreased its position in Mirion Technologies, Inc. (NYSE:MIR) by 28.5% in the 4th quarter, HoldingsChannel reports. The firm owned 348,074 shares of the company’s stock after selling 138,870 shares during the period. TD Asset Management Inc’s holdings in Mirion Technologies were worth $8,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MIR. Marietta Investment Partners LLC acquired a new stake in shares of Mirion Technologies during the 4th quarter worth about $467,000. CIBC Asset Management Inc acquired a new position in shares of Mirion Technologies in the fourth quarter valued at approximately $230,000. Bank of New York Mellon Corp lifted its stake in shares of Mirion Technologies by 126.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,076,945 shares of the company’s stock valued at $72,062,000 after buying an additional 1,716,020 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Mirion Technologies by 3.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company’s stock valued at $122,920,000 after buying an additional 193,914 shares during the period. Finally, SCP Investment LP acquired a new stake in Mirion Technologies during the fourth quarter worth approximately $422,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MIR has been the subject of several recent analyst reports. Citigroup lowered 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 note on Thursday, April 30th. Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Morgan Stanley decreased their price objective on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 11th. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.13.

Insider Activity

In related news, CAO Christopher A. Moore sold 8,400 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total value of $164,976.00. Following the sale, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by insiders.

Mirion Technologies Price Performance

MIR opened at $16.98 on Wednesday. Mirion Technologies, Inc. has a 52-week low of $16.43 and a 52-week high of $30.28. The company has a 50 day moving average of $18.73 and a two-hundred day moving average of $21.73. The company has a market cap of $4.25 billion, a P/E ratio of 169.81 and a beta of 1.03. 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 posted its earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (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 analyst estimates of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, analysts expect that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

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.