Public Sector Pension Investment Board Makes New Investment in Mirion Technologies, Inc. $MIR

Public Sector Pension Investment Board bought a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 956,160 shares of the company’s stock, valued at approximately $22,240,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its position in shares of Mirion Technologies by 258.2% in the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock worth $1,433,000 after acquiring an additional 71,241 shares in the last quarter. AQR Capital Management LLC lifted its stake in Mirion Technologies by 124.3% during the first quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock worth $2,889,000 after purchasing an additional 110,399 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Mirion Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock worth $1,783,000 after purchasing an additional 5,366 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Mirion Technologies by 8.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company’s stock valued at $6,301,000 after purchasing an additional 34,973 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Mirion Technologies during the second quarter worth $483,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. The Goldman Sachs Group decreased their price target on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Citigroup dropped their price target on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley assumed coverage on Mirion Technologies in a report on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 price target on the stock. Finally, Evercore initiated coverage on Mirion Technologies in a research note on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.38.

Insider Buying and Selling

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. This represents a 9.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.30% of the company’s stock.

Mirion Technologies Price Performance

Shares of NYSE:MIR opened at $22.54 on Friday. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 204.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.84 and a quick ratio of 4.32. Mirion Technologies, Inc. has a 12 month low of $12.00 and a 12 month high of $30.28. The stock’s 50 day moving average price is $24.68 and its 200 day moving average price is $23.94.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Mirion Technologies had a net margin of 3.11% and a return on equity of 6.97%. The firm had revenue of $277.40 million for the quarter, compared to analyst estimates of $281.17 million. During the same quarter last year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal 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.