Jennison Associates LLC Cuts Stake in Mirion Technologies, Inc. $MIR

Jennison Associates LLC lessened its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 942,696 shares of the company’s stock after selling 49,887 shares during the period. Jennison Associates LLC owned approximately 0.38% of Mirion Technologies worth $17,525,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. UBS Group AG raised its stake in shares of Mirion Technologies by 181.4% in the third quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock valued at $111,574,000 after acquiring an additional 3,092,136 shares in the last quarter. TCW Group Inc. purchased a new stake in Mirion Technologies during the 4th quarter worth about $57,439,000. Invesco Ltd. raised its position in Mirion Technologies by 713.2% in the 2nd quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock valued at $56,349,000 after purchasing an additional 2,295,414 shares in the last quarter. Bank of New York Mellon Corp raised its position in Mirion Technologies by 126.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,076,945 shares of the company’s stock valued at $72,062,000 after purchasing an additional 1,716,020 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Mirion Technologies by 559.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,717,192 shares of the company’s stock valued at $39,942,000 after buying an additional 1,456,987 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on MIR shares. Morgan Stanley cut their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, July 13th. Weiss Ratings downgraded shares of Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. The Goldman Sachs Group lowered their price target on shares of Mirion Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, July 10th. JPMorgan Chase & Co. dropped their price objective on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Finally, Robert W. Baird reduced their price objective on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.38.

Insider Buying and Selling

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total value of $164,976.00. Following the transaction, the chief accounting officer directly owned 22,157 shares in the company, valued at approximately $435,163.48. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Mirion Technologies Stock Up 3.1%

Mirion Technologies stock opened at $16.26 on Wednesday. Mirion Technologies, Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $30.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19. The company has a market capitalization of $4.07 billion, a P/E ratio of 162.64 and a beta of 1.03. The stock has a 50-day simple moving average of $17.45 and a 200-day simple moving average of $20.17.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $257.60 million for 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 company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities research analysts expect that Mirion Technologies, Inc. will post 0.54 earnings per share for the current year.

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.