Bank of New York Mellon Corp Grows Stake in Mirion Technologies, Inc. $MIR

Bank of New York Mellon Corp boosted its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 47.4% during the 1st quarter, Holdings Channel reports. The firm owned 4,536,732 shares of the company’s stock after buying an additional 1,459,787 shares during the period. Bank of New York Mellon Corp’s holdings in Mirion Technologies were worth $84,338,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MIR. US Bancorp DE grew its holdings in Mirion Technologies by 6.6% during the 3rd quarter. US Bancorp DE now owns 6,874 shares of the company’s stock valued at $160,000 after buying an additional 425 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Mirion Technologies by 4.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company’s stock worth $247,000 after buying an additional 484 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Mirion Technologies by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 125,076 shares of the company’s stock worth $2,929,000 after buying an additional 505 shares in the last quarter. Altshuler Shaham Ltd boosted its position in shares of Mirion Technologies by 5.1% during the fourth quarter. Altshuler Shaham Ltd now owns 11,704 shares of the company’s stock worth $274,000 after acquiring an additional 563 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Mirion Technologies by 58.5% during the fourth 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. 78.51% of the stock is owned by hedge funds and other institutional investors.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $16.26 on Wednesday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 162.64 and a beta of 1.03. The firm’s fifty day moving average is $17.45 and its 200 day moving average is $20.17. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a 52-week low of $15.57 and a 52-week high of $30.28.

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. The business had revenue of $257.60 million during the quarter, compared to analysts’ expectations of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The business’s revenue was up 27.5% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Sell-side analysts forecast that Mirion Technologies, Inc. will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Citigroup dropped their price objective on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 30th. The Goldman Sachs Group cut their price objective on Mirion Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Weiss Ratings cut Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Finally, Morgan Stanley decreased their target price on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.38.

Insider Activity

In other news, CAO Christopher A. Moore sold 8,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the sale, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at $435,163.48. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by insiders.

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.