UBS Group AG Boosts Stock Position in Mirion Technologies, Inc. $MIR

UBS Group AG lifted its position in Mirion Technologies, Inc. (NYSE:MIR) by 1.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,852,587 shares of the company’s stock after buying an additional 55,754 shares during the quarter. UBS Group AG’s holdings in Mirion Technologies were worth $113,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans acquired a new position in Mirion Technologies in the third quarter worth approximately $4,182,000. Rhumbline Advisers increased its holdings in Mirion Technologies by 91.1% in the third quarter. Rhumbline Advisers now owns 608,834 shares of the company’s stock worth $14,161,000 after buying an additional 290,232 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Mirion Technologies in the third quarter worth approximately $2,438,000. New York State Teachers Retirement System acquired a new position in Mirion Technologies in the third quarter worth approximately $1,269,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Mirion Technologies by 76.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 417,790 shares of the company’s stock worth $9,718,000 after buying an additional 181,450 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Trading Down 0.6%

Shares of MIR stock opened at $19.63 on Friday. Mirion Technologies, Inc. has a 12 month low of $15.55 and a 12 month high of $30.28. The company has a quick ratio of 2.34, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $19.78 and its two-hundred day moving average is $23.17. The company has a market cap of $4.92 billion, a PE ratio of 196.28 and a beta of 1.07.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company had revenue of $257.60 million for the quarter, compared to the consensus estimate of $244.78 million. During the same quarter last year, the company posted $0.10 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that Mirion Technologies, Inc. will post 0.51 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Robert W. Baird lowered their price target on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. JPMorgan Chase & Co. lowered their price target on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. The Goldman Sachs Group lowered their price target on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Citigroup lowered their price target on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.13.

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.