Wellington Management Group LLP Raises Stock Position in Mirion Technologies, Inc. $MIR

Wellington Management Group LLP boosted its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 31.2% in the second quarter, HoldingsChannel reports. The fund owned 1,098,987 shares of the company’s stock after purchasing an additional 261,175 shares during the quarter. Wellington Management Group LLP’s holdings in Mirion Technologies were worth $19,705,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MIR. UBS Group AG increased its holdings in shares of Mirion Technologies by 181.4% during the third quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock valued at $111,574,000 after acquiring an additional 3,092,136 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Mirion Technologies during the 1st quarter worth approximately $49,261,000. TCW Group Inc. purchased a new stake in Mirion Technologies during the 4th quarter worth approximately $57,439,000. Invesco Ltd. increased its stake in 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 purchasing an additional 2,295,414 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Mirion Technologies by 126.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,076,945 shares of the company’s stock worth $72,062,000 after buying an additional 1,716,020 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Trading Up 0.2%

Mirion Technologies stock opened at $16.97 on Monday. The firm has a market cap of $4.23 billion, a PE ratio of 169.70 and a beta of 1.05. Mirion Technologies, Inc. has a 12 month low of $14.11 and a 12 month high of $30.28. The stock’s 50 day simple moving average is $15.95 and its two-hundred day simple moving average is $18.00. The company has a current ratio of 3.20, a quick ratio of 2.63 and a debt-to-equity ratio of 0.64.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, beating 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 firm had revenue of $266.80 million during the quarter, compared to analyst estimates of $269.32 million. During the same period in the previous year, the firm earned $0.11 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Analysts anticipate that Mirion Technologies, Inc. will post 0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

MIR has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $23.00 price objective on shares of Mirion Technologies in a report on Wednesday, July 29th. Citigroup reduced their target price on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Jefferies Financial Group started coverage on Mirion Technologies in a research note on Thursday. They set a “buy” rating and a $20.00 price target on the stock. Morgan Stanley cut their price objective on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, July 13th. Finally, B. Riley Financial reduced their price objective on Mirion Technologies from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.56.

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.