Mirion Technologies, Inc. $MIR Stock Holdings Lessened by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 30.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,196,049 shares of the company’s stock after selling 511,610 shares during the period. Principal Financial Group Inc.’s holdings in Mirion Technologies were worth $22,235,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Mirion Technologies in the third quarter worth about $25,000. UMB Bank n.a. raised its position in shares of Mirion Technologies by 175.4% during the 4th quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after purchasing an additional 856 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after purchasing an additional 1,354 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Mirion Technologies by 58.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after purchasing an additional 631 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Mirion Technologies by 78.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after purchasing an additional 887 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $16.26 on Wednesday. The stock has a market cap of $4.07 billion, a P/E ratio of 162.64 and a beta of 1.03. The firm’s 50-day simple moving average is $17.45 and its 200 day simple moving average is $20.17. Mirion Technologies, Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $30.28. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $257.60 million for 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%. Mirion Technologies’s revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities analysts expect that Mirion Technologies, Inc. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on MIR shares. JPMorgan Chase & Co. lowered their price objective on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. The Goldman Sachs Group reduced their price target on shares of Mirion Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, July 10th. Morgan Stanley lowered their price target on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, July 13th. Robert W. Baird cut their price objective on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Finally, Citigroup reduced 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. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.38.

Insiders Place Their Bets

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the sale, the chief accounting officer directly owned 22,157 shares in the company, valued at $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by company 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.