Massachusetts Financial Services Co. MA Sells 1,728,293 Shares of Mirion Technologies, Inc. $MIR

Key Points

• Massachusetts Financial Services cut its Mirion stake by 32.1%, selling 1,728,293 shares and leaving it with 3,663,479 shares (about 1.44% of the company) valued at ~$85.8 million.
• Analysts remain generally positive with a consensus rating of “Moderate Buy” and a consensus target of $27.25, though several firms (Baird, Citi, JPMorgan, Goldman) have trimmed price targets recently; ratings split includes 1 Strong Buy, 7 Buy and 2 Hold.
• Mirion trades around $19.33 (market cap ~$4.84B) with a high PE (~175.7); the company slightly missed quarterly EPS and revenue estimates and set FY2026 guidance of 0.500–0.570 EPS.

Massachusetts Financial Services Co. MA reduced its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 32.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,663,479 shares of the company's stock after selling 1,728,293 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.44% of Mirion Technologies worth $85,799,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MIR. Royal Bank of Canada grew its stake in shares of Mirion Technologies by 258.2% during the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company's stock valued at $1,433,000 after purchasing an additional 71,241 shares during the period. AQR Capital Management LLC grew its stake in shares of Mirion Technologies by 124.3% during the 1st quarter. AQR Capital Management LLC now owns 199,211 shares of the company's stock valued at $2,889,000 after purchasing an additional 110,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Mirion Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company's stock valued at $1,783,000 after purchasing an additional 5,366 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Mirion Technologies by 8.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company's stock valued at $6,301,000 after purchasing an additional 34,973 shares during the period. Finally, Cetera Investment Advisers bought a new stake in shares of Mirion Technologies during the 2nd quarter valued at about $288,000. 78.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MIR has been the subject of a number of recent research reports. Robert W. Baird cut their price target on Mirion Technologies from $29.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, March 30th. Citigroup lowered their price objective on Mirion Technologies from $32.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. Melius Research raised Mirion Technologies to a "strong-buy" rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. lowered their price objective on Mirion Technologies from $30.00 to $27.00 and set an "overweight" rating on the stock in a research report on Thursday, March 26th. Finally, The Goldman Sachs Group reduced their price objective on shares of Mirion Technologies from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $27.25.

Mirion Technologies Stock Up 0.3%

Shares of MIR opened at $19.33 on Tuesday. The business's 50 day moving average is $20.67 and its 200 day moving average is $23.51. The company has a market capitalization of $4.84 billion, a PE ratio of 175.71 and a beta of 1.09. Mirion Technologies, Inc. has a 12-month low of $13.14 and a 12-month high of $30.28. The company has a current ratio of 2.83, a quick ratio of 2.34 and a debt-to-equity ratio of 0.62.

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

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.

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