Goldman Sachs Group Inc. Buys 193,914 Shares of Mirion Technologies, Inc. $MIR

Goldman Sachs Group Inc. raised its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,248,506 shares of the company’s stock after buying an additional 193,914 shares during the period. Goldman Sachs Group Inc.’s holdings in Mirion Technologies were worth $122,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MIR. Advisory Services Network LLC bought a new stake in shares of Mirion Technologies in the third quarter worth $25,000. EverSource Wealth Advisors LLC increased its position in Mirion Technologies by 470.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after acquiring an additional 1,354 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Mirion Technologies by 78.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock valued at $47,000 after acquiring an additional 887 shares during the period. GAMMA Investing LLC lifted its holdings in Mirion Technologies by 138.5% in the fourth quarter. GAMMA Investing LLC now owns 2,242 shares of the company’s stock valued at $53,000 after acquiring an additional 1,302 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Mirion Technologies by 68.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,781 shares of the company’s stock worth $65,000 after purchasing an additional 1,130 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

Insider Activity at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer owned 22,157 shares of the company’s stock, valued at $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by insiders.

Mirion Technologies Stock Up 1.1%

Shares of MIR stock opened at $17.26 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. Mirion Technologies, Inc. has a one year low of $16.43 and a one year high of $30.28. The company’s fifty day moving average price is $18.75 and its 200-day moving average price is $21.78. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 172.63 and a beta of 1.03.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on MIR shares. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. The Goldman Sachs Group lowered their price objective on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Morgan Stanley dropped their price objective on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings lowered shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Citigroup reduced their target price 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. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.13.

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.