Bank of New York Mellon Corp Raises Position in Mirion Technologies, Inc. $MIR

Bank of New York Mellon Corp grew its position in Mirion Technologies, Inc. (NYSE:MIR) by 126.1% during the 4th quarter, Holdings Channel reports. The fund owned 3,076,945 shares of the company’s stock after buying an additional 1,716,020 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mirion Technologies were worth $72,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in Mirion Technologies by 25.2% during the third quarter. EverSource Wealth Advisors LLC now owns 2,056 shares of the company’s stock worth $48,000 after buying an additional 414 shares in the last quarter. US Bancorp DE raised its stake in Mirion Technologies by 6.6% in the 3rd quarter. US Bancorp DE now owns 6,874 shares of the company’s stock valued at $160,000 after purchasing an additional 425 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Mirion Technologies by 4.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company’s stock valued at $247,000 after purchasing an additional 484 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Mirion Technologies by 1.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,062 shares of the company’s stock valued at $746,000 after purchasing an additional 550 shares in the last quarter. Finally, Xponance Inc. lifted its holdings in Mirion Technologies by 4.2% in the 3rd quarter. Xponance Inc. now owns 17,360 shares of the company’s stock valued at $404,000 after purchasing an additional 701 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Robert W. Baird lowered their price target on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. 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. Finally, Morgan Stanley lowered their price target on 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 research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.13.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $16.98 on Wednesday. Mirion Technologies, Inc. has a 12 month low of $16.43 and a 12 month 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 firm has a market capitalization of $4.25 billion, a P/E ratio of 169.81 and a beta of 1.03. The company’s fifty day moving average price is $18.73 and its two-hundred day moving average price is $21.73.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, topping 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 firm had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. During the same quarter in the previous year, the business 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 anticipate that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal year.

Insider Activity at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was 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 directly owned 22,157 shares in the company, valued at approximately $435,163.48. This represents a 27.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

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.