Mirion Technologies, Inc. $MIR Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 91.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 608,834 shares of the company’s stock after buying an additional 290,232 shares during the quarter. Rhumbline Advisers’ holdings in Mirion Technologies were worth $14,161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC purchased a new position in shares of Mirion Technologies in the 3rd quarter valued at approximately $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Mirion Technologies during the third quarter worth $30,000. Fortress Investment Group LLC purchased a new position in Mirion Technologies in the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC increased its stake in Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after buying an additional 1,354 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Mirion Technologies by 96.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock worth $38,000 after buying an additional 811 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the completion of the transaction, the director owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.30% of the company’s stock.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $21.49 on Thursday. The stock has a fifty day moving average price of $24.48 and a 200 day moving average price of $23.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.36 and a current ratio of 2.84. The stock has a market cap of $5.46 billion, a PE ratio of 195.42 and a beta of 0.97. Mirion Technologies, Inc. has a 1 year low of $12.00 and a 1 year high of $30.28.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $277.40 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Sell-side analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MIR. JPMorgan Chase & Co. lifted their target price on shares of Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Citigroup reduced their price objective on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Morgan Stanley initiated coverage on Mirion Technologies in a research report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 target price on the stock. Evercore initiated coverage on Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target for the company. Finally, The Goldman Sachs Group dropped their price objective on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.38.

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.