Royce & Associates LP Boosts Stake in Mirion Technologies, Inc. $MIR

Royce & Associates LP increased its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 93.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 293,918 shares of the company’s stock after purchasing an additional 141,835 shares during the period. Royce & Associates LP’s holdings in Mirion Technologies were worth $6,884,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Mirion Technologies during the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted 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. Global Retirement Partners LLC boosted its position in shares of Mirion Technologies by 78.4% during 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 period. GAMMA Investing LLC boosted its position in shares of Mirion Technologies by 138.5% during the 4th quarter. GAMMA Investing LLC now owns 2,242 shares of the company’s stock worth $53,000 after purchasing an additional 1,302 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Mirion Technologies by 68.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,781 shares of the company’s stock worth $65,000 after purchasing an additional 1,130 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on MIR shares. 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 research report on Thursday, February 12th. Citigroup decreased their price target on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Morgan Stanley decreased their price target on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 11th. Finally, Robert W. Baird decreased their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Mirion Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $27.13.

Insider Activity

In other news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the completion of the sale, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at approximately $435,163.48. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.30% of the company’s stock.

Mirion Technologies Stock Up 0.9%

Shares of Mirion Technologies stock opened at $17.12 on Friday. Mirion Technologies, Inc. has a 52-week low of $16.43 and a 52-week high of $30.28. The company has a 50 day moving average of $18.91 and a 200 day moving average of $22.16. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $4.29 billion, a P/E ratio of 171.21 and a beta of 1.07.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $257.60 million during 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%. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, research analysts forecast that Mirion Technologies, Inc. will post 0.51 EPS 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.