Wellington Management Group LLP Purchases 261,175 Shares of Mirion Technologies, Inc. $MIR

Key Points

• Wellington Management increased its Mirion Technologies stake by 31.2%, purchasing 261,175 shares to reach 1.10 million shares valued at approximately $19.7 million. Institutional investors now own 78.51% of the company.
• Analyst sentiment remains positive, with one Strong Buy, eight Buy, and two Hold ratings. Mirion has a consensus “Moderate Buy” rating and an average price target of $25.56, despite some analysts recently lowering their targets.
• Mirion reported quarterly EPS of $0.12, exceeding estimates of $0.10, while revenue rose 19.7% year over year to $266.8 million. The stock opened at $16.97, near the lower end of its 52-week range, and management guided to fiscal 2026 EPS of $0.48–$0.55.

Wellington Management Group LLP increased its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 31.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,098,987 shares of the company's stock after purchasing an additional 261,175 shares during the period. Wellington Management Group LLP owned approximately 0.44% of Mirion Technologies worth $19,705,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MIR. US Bancorp DE lifted its stake in Mirion Technologies by 6.6% in the third quarter. US Bancorp DE now owns 6,874 shares of the company's stock worth $160,000 after purchasing an additional 425 shares during the last quarter. Kennedy Capital Management LLC grew its stake in shares of Mirion Technologies by 0.4% during the fourth quarter. Kennedy Capital Management LLC now owns 125,076 shares of the company's stock valued at $2,929,000 after buying an additional 505 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in shares of Mirion Technologies by 5.1% in the fourth quarter. Altshuler Shaham Ltd now owns 11,704 shares of the company's stock worth $274,000 after buying an additional 563 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Mirion Technologies by 58.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company's stock worth $40,000 after acquiring an additional 631 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Mirion Technologies by 175.4% during the 4th quarter. UMB Bank n.a. now owns 1,344 shares of the company's stock worth $31,000 after acquiring an additional 856 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup cut their price objective on Mirion Technologies from $28.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Jefferies Financial Group began coverage on shares of Mirion Technologies in a report on Thursday. They issued a "buy" rating and a $20.00 price target on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $23.00 price target on shares of Mirion Technologies in a research note on Wednesday, July 29th. Morgan Stanley decreased their price objective on shares of Mirion Technologies from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Mirion Technologies from a "sell (d)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mirion Technologies has an average rating of "Moderate Buy" and a consensus price target of $25.56.

Mirion Technologies Trading Up 0.2%

NYSE MIR opened at $16.97 on Monday. Mirion Technologies, Inc. has a one year low of $14.11 and a one year high of $30.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.63 and a current ratio of 3.20. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 169.70 and a beta of 1.05. The company's 50-day simple moving average is $15.95 and its two-hundred day simple moving average is $18.00.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $266.80 million during the quarter, compared to analysts' expectations of $269.32 million. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. The company's revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities analysts forecast that Mirion Technologies, Inc. will post 0.54 EPS 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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