Bank of New York Mellon Corp Takes Position in Mirion Technologies, Inc. $MIR

Key Points

• Bank of New York Mellon acquired 1.38 million Mirion Technologies shares worth approximately $24.8 million, taking a 0.55% stake. Institutional investors collectively own 78.51% of the company.
• Mirion reported quarterly EPS of $0.12, exceeding estimates by $0.02, while revenue increased 19.7% year over year to $266.8 million. The company reaffirmed fiscal 2026 EPS guidance of $0.48–$0.55.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $26.25, despite several recent target-price cuts.

Bank of New York Mellon Corp purchased a new position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,381,674 shares of the company's stock, valued at approximately $24,773,000. Bank of New York Mellon Corp owned about 0.55% of Mirion Technologies as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MIR. Stephens Investment Management Group LLC purchased a new stake in Mirion Technologies in the 4th quarter valued at approximately $18,969,000. Tredje AP fonden purchased a new position in Mirion Technologies during the fourth quarter worth $6,576,000. First National Advisers LLC purchased a new position in Mirion Technologies during the fourth quarter worth $2,604,000. Rockefeller Capital Management L.P. raised its holdings in shares of Mirion Technologies by 17.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,139,037 shares of the company's stock worth $26,676,000 after acquiring an additional 167,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Mirion Technologies by 3.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company's stock worth $122,920,000 after acquiring an additional 193,914 shares during the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Price Performance

MIR stock opened at $14.40 on Monday. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 144.00 and a beta of 1.05. The company has a quick ratio of 2.63, a current ratio of 3.20 and a debt-to-equity ratio of 0.64. Mirion Technologies, Inc. has a 52-week low of $14.11 and a 52-week high of $30.28. The stock's fifty day simple moving average is $16.20 and its 200-day simple moving average is $18.22.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Mirion Technologies had a return on equity of 6.59% and a net margin of 2.39%.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 prior year, the firm posted $0.11 earnings per share. The business's quarterly revenue was up 19.7% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities research analysts expect that Mirion Technologies, Inc. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group reaffirmed a "buy" rating and set a $23.00 price objective on shares of Mirion Technologies in a research note on Wednesday, July 29th. Citigroup cut their target price on shares of Mirion Technologies from $28.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Morgan Stanley reduced their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Monday, July 13th. Weiss Ratings raised shares of Mirion Technologies from a "sell (d)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Finally, B. Riley Financial lowered their price target on shares of Mirion Technologies from $29.00 to $27.00 and set a "buy" rating for the company in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Mirion Technologies has a consensus rating of "Moderate Buy" and an average price target of $26.25.

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.

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