Vanguard Group Inc. Reduces Holdings in Mirion Technologies, Inc. $MIR

Key Points

• Vanguard trimmed its stake by 0.2% to 30,346,328 shares but still owns about 11.96% of Mirion (worth $710.7M); institutional investors collectively hold 78.51% of the stock.
• Mirion beat estimates with $0.10 EPS (vs. $0.09) and $257.6M revenue (vs. $244.8M), with revenue up 27.5% year-over-year and FY2026 guidance of 0.480–0.550 EPS (analyst consensus ~0.51).
• Analysts have trimmed price targets recently but the consensus rating remains Moderate Buy with a $27.13 target; the shares trade around $19.63 and carry a high P/E of 196.28.

Vanguard Group Inc. decreased its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,346,328 shares of the company's stock after selling 71,999 shares during the period. Vanguard Group Inc. owned about 11.96% of Mirion Technologies worth $710,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Mirion Technologies by 25.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,056 shares of the company's stock worth $48,000 after buying an additional 414 shares during the period. US Bancorp DE increased its stake in Mirion Technologies by 6.6% during the 3rd quarter. US Bancorp DE now owns 6,874 shares of the company's stock worth $160,000 after buying an additional 425 shares during the period. Stratos Wealth Partners LTD. increased its stake in Mirion Technologies by 4.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company's stock worth $247,000 after buying an additional 484 shares during the period. Nisa Investment Advisors LLC increased its stake in Mirion Technologies by 16.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,909 shares of the company's stock worth $91,000 after buying an additional 543 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in Mirion Technologies by 1.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,062 shares of the company's stock worth $746,000 after buying an additional 550 shares during the period. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Price Performance

Shares of MIR stock opened at $19.63 on Monday. The firm has a market cap of $4.92 billion, a P/E ratio of 196.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. Mirion Technologies, Inc. has a 1-year low of $15.55 and a 1-year high of $30.28. The firm has a fifty day moving average of $19.78 and a two-hundred day moving average of $23.15.

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

Analysts Set New Price Targets

Several research firms recently issued reports on MIR. Robert W. Baird dropped their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an "outperform" rating on the stock 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 on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Mirion Technologies from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, March 26th. Morgan Stanley decreased 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 report on Wednesday, March 11th. Finally, Melius Research raised shares of Mirion Technologies to a "strong-buy" rating in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $27.13.

About Mirion Technologies

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.

Want to see what other hedge funds are holding MIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mirion Technologies, Inc. (NYSE:MIR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.