Royce & Associates LP Increases Position in Mirion Technologies, Inc. $MIR

Key Points

• Royce & Associates LP increased its Mirion Technologies stake by 93.3% in the fourth quarter, buying 141,835 additional shares and bringing its total to 293,918 shares worth about $6.88 million.
• Mirion reported better-than-expected quarterly results, with EPS of $0.10 topping estimates and revenue of $257.6 million, up 27.5% year over year.
• Analysts remain cautiously positive overall, with a Moderate Buy consensus and average price target of $27.13, though some firms recently trimmed targets and Weiss Ratings downgraded the stock to sell.

Royce & Associates LP boosted its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 93.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,918 shares of the company's stock after acquiring an additional 141,835 shares during the period. Royce & Associates LP owned 0.12% of Mirion Technologies worth $6,884,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MIR. Advisory Services Network LLC purchased a new stake in Mirion Technologies during the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its stake in Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company's stock valued at $35,000 after acquiring an additional 1,354 shares in the last quarter. Global Retirement Partners LLC grew its stake in Mirion Technologies by 78.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,018 shares of the company's stock valued at $47,000 after acquiring an additional 887 shares in the last quarter. GAMMA Investing LLC grew its stake in Mirion Technologies by 138.5% during the 4th quarter. GAMMA Investing LLC now owns 2,242 shares of the company's stock valued at $53,000 after acquiring an additional 1,302 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Mirion Technologies by 68.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,781 shares of the company's stock valued at $65,000 after acquiring an additional 1,130 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Stock Performance

Mirion Technologies stock opened at $17.12 on Friday. The firm has a 50 day simple moving average of $18.91 and a 200-day simple moving average of $22.16. Mirion Technologies, Inc. has a 1-year low of $16.43 and a 1-year high of $30.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 171.21 and a beta of 1.07.

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

Analyst Ratings Changes

Several analysts recently issued reports on MIR shares. Morgan Stanley dropped 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 note on Wednesday, March 11th. Robert W. Baird dropped 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 note on Monday, March 30th. Citigroup dropped 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 note on Thursday, April 30th. The Goldman Sachs Group dropped 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 note on Thursday, February 12th. Finally, Weiss Ratings cut shares of Mirion Technologies from a "hold (c)" rating to a "sell (d+)" rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.13.

Insider Buying and Selling at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 22,157 shares of the company's stock, valued at approximately $435,163.48. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.30% of the company's stock.

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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