TimesSquare Capital Management LLC Purchases Shares of 1,013,339 Mirion Technologies, Inc. $MIR

TimesSquare Capital Management LLC acquired a new position in Mirion Technologies, Inc. (NYSE:MIR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,013,339 shares of the company’s stock, valued at approximately $23,570,000. TimesSquare Capital Management LLC owned 0.43% of Mirion Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Wolff Wiese Magana LLC acquired a new stake in Mirion Technologies in the 3rd quarter valued at approximately $26,000. Salomon & Ludwin LLC bought a new stake in shares of Mirion Technologies in the third quarter valued at approximately $30,000. Fortress Investment Group LLC acquired a new stake in shares of Mirion Technologies in the second quarter worth $32,000. EverSource Wealth Advisors LLC increased its position in Mirion Technologies by 470.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after acquiring an additional 1,354 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in 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. Institutional investors and hedge funds own 78.51% of the company’s stock.

Insider Activity at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the completion of the transaction, the director directly owned 3,509,075 shares of the company’s stock, 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 filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Mirion Technologies Stock Performance

NYSE MIR opened at $22.54 on Monday. Mirion Technologies, Inc. has a 1-year low of $12.00 and a 1-year high of $30.28. The company has a 50 day moving average of $24.68 and a 200-day moving average of $23.97. The company has a current ratio of 2.84, a quick ratio of 2.36 and a debt-to-equity ratio of 0.62. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 204.89 and a beta of 0.97.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $281.17 million. During the same quarter last year, the company earned $0.17 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. On average, equities analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.