Madison Asset Management LLC Invests $3.41 Million in Mirion Technologies, Inc. $MIR

Madison Asset Management LLC acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 190,001 shares of the company’s stock, valued at approximately $3,407,000. Madison Asset Management LLC owned about 0.08% of Mirion Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MIR. UBS Group AG grew its holdings in Mirion Technologies by 181.4% in the 3rd quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock worth $111,574,000 after buying an additional 3,092,136 shares in the last quarter. Maverick Capital Ltd. bought a new stake in Mirion Technologies in the first quarter worth about $49,261,000. TCW Group Inc. acquired a new stake in Mirion Technologies during the fourth quarter valued at approximately $57,439,000. Invesco Ltd. lifted its position in shares of Mirion Technologies by 713.2% during the 2nd quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock valued at $56,349,000 after acquiring an additional 2,295,414 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings 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 purchasing an additional 1,716,020 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $23.00 price target on shares of Mirion Technologies in a research report on Wednesday, July 29th. Weiss Ratings raised Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Morgan Stanley reduced 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. B. Riley Financial lowered their target price on Mirion Technologies from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Citigroup dropped their target price on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.25.

Mirion Technologies Trading Down 2.4%

NYSE:MIR opened at $15.22 on Friday. Mirion Technologies, Inc. has a 12 month low of $14.11 and a 12 month high of $30.28. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 152.20 and a beta of 1.05. The company has a quick ratio of 2.63, a current ratio of 3.20 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $16.54 and its 200-day moving average is $18.63.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. The business had revenue of $266.80 million during the quarter, compared to the consensus estimate of $269.32 million. During the same period in the prior year, the firm earned $0.11 EPS. Mirion Technologies’s quarterly revenue was up 19.7% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities analysts anticipate that Mirion Technologies, Inc. will post 0.54 EPS 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.