Royce & Associates LP Has $3.54 Million Stock Holdings in Mirion Technologies, Inc. $MIR

Royce & Associates LP lessened its position in Mirion Technologies, Inc. (NYSE:MIR) by 80.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,083 shares of the company’s stock after selling 638,011 shares during the period. Royce & Associates LP owned about 0.06% of Mirion Technologies worth $3,537,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Mirion Technologies by 28.0% during the 3rd quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock worth $707,530,000 after buying an additional 6,651,735 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Mirion Technologies by 40.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,391,772 shares of the company’s stock valued at $125,413,000 after acquiring an additional 1,558,104 shares during the period. Invesco Ltd. boosted its position in shares of Mirion Technologies by 713.2% in the second 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 period. Raymond James Financial Inc. grew its stake in shares of Mirion Technologies by 14.8% in the second quarter. Raymond James Financial Inc. now owns 1,972,536 shares of the company’s stock valued at $42,469,000 after acquiring an additional 254,688 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in Mirion Technologies during the second quarter worth about $34,269,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Trading Down 1.3%

Shares of MIR stock opened at $21.32 on Friday. The firm has a market cap of $5.34 billion, a P/E ratio of 193.84 and a beta of 0.99. The company has a 50 day moving average of $23.92 and a 200-day moving average of $23.96. The company has a quick ratio of 2.34, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $277.40 million for the quarter, compared to the consensus estimate of $281.17 million. Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the sale, the director owned 3,509,075 shares in the company, valued at $86,779,424.75. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Mirion Technologies in a research report on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 price target for the company. The Goldman Sachs Group cut 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, February 12th. Evercore began coverage on shares of Mirion Technologies in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective on the stock. Finally, Citigroup lowered their target price on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mirion Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $28.38.

Mirion Technologies Company 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.