Mirion Technologies, Inc. $MIR Shares Sold by Jennison Associates LLC

Key Points

• Jennison Associates LLC trimmed its stake in Mirion by 5.6% in Q4, selling 58,911 shares and finishing with 992,583 shares (about 0.39% ownership) valued at roughly $23.25 million, while institutional and hedge fund ownership totals about 78.51%.
• Mirion beat the quarter with $0.10 EPS versus $0.09 expected and revenue of $257.6M (up 27.5% year-over-year); management set FY2026 EPS guidance of 0.480–0.550 and analysts forecast about 0.51 EPS.
• Several major firms trimmed price targets (JPMorgan, Citi, Goldman, Morgan Stanley), but analyst sentiment remains mostly positive with an average rating of Moderate Buy and an average price target of $27.13.

Jennison Associates LLC trimmed its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 992,583 shares of the company's stock after selling 58,911 shares during the quarter. Jennison Associates LLC owned about 0.39% of Mirion Technologies worth $23,246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans acquired a new stake in shares of Mirion Technologies during the 3rd quarter worth approximately $4,182,000. Rhumbline Advisers increased its holdings in shares of Mirion Technologies by 91.1% during the 3rd quarter. Rhumbline Advisers now owns 608,834 shares of the company's stock worth $14,161,000 after buying an additional 290,232 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Mirion Technologies during the 3rd quarter worth approximately $2,438,000. New York State Teachers Retirement System purchased a new position in shares of Mirion Technologies during the 3rd quarter worth approximately $1,269,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Mirion Technologies by 76.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 417,790 shares of the company's stock worth $9,718,000 after purchasing an additional 181,450 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $19.63 on Friday. The company has a quick ratio of 2.34, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a 52 week low of $15.55 and a 52 week high of $30.28. The stock has a market capitalization of $4.92 billion, a PE ratio of 196.28 and a beta of 1.07. The firm has a 50 day moving average of $19.78 and a two-hundred day moving average of $23.17.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The company had revenue of $257.60 million during the quarter, compared to analysts' expectations of $244.78 million. During the same quarter last year, the company posted $0.10 EPS. The firm's revenue was up 27.5% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, research analysts predict that Mirion Technologies, Inc. will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MIR. JPMorgan Chase & Co. lowered their price objective on shares of Mirion Technologies from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Thursday, March 26th. Citigroup lowered their price objective 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. The Goldman Sachs Group lowered 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 report on Thursday, February 12th. Melius Research raised shares of Mirion Technologies to a "strong-buy" rating in a research report on Monday, March 23rd. Finally, Morgan Stanley lowered their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.13.

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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