Montanaro Asset Management Ltd Has $5.98 Million Stock Position in Mirion Technologies, Inc. $MIR

Montanaro Asset Management Ltd boosted its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 48.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,400 shares of the company’s stock after purchasing an additional 83,800 shares during the period. Mirion Technologies comprises approximately 1.7% of Montanaro Asset Management Ltd’s investment portfolio, making the stock its 29th biggest position. Montanaro Asset Management Ltd’s holdings in Mirion Technologies were worth $5,981,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Corient Private Wealth LLC raised its holdings in shares of Mirion Technologies by 16.9% during the 4th quarter. Corient Private Wealth LLC now owns 14,510 shares of the company’s stock worth $339,000 after buying an additional 2,099 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Mirion Technologies in the fourth quarter valued at about $1,877,000. Invesco Ltd. grew its position in Mirion Technologies by 12.5% in the fourth quarter. Invesco Ltd. now owns 3,101,120 shares of the company’s stock valued at $72,628,000 after acquiring an additional 344,230 shares during the last quarter. Vident Advisory LLC bought a new position in Mirion Technologies in the fourth quarter valued at about $331,000. Finally, State of Tennessee Department of Treasury raised its stake in Mirion Technologies by 29.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 74,501 shares of the company’s stock worth $1,851,000 after acquiring an additional 17,081 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Robert W. Baird dropped their target price on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Citigroup decreased their price target on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. dropped their price objective on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.12.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $18.50 on Friday. The stock has a 50-day moving average price of $18.46 and a two-hundred day moving average price of $21.32. Mirion Technologies, Inc. has a 12 month low of $15.58 and a 12 month high of $30.28. The company has a market capitalization of $4.63 billion, a PE ratio of 185.03 and a beta of 1.03. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last released its quarterly 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 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 analysts’ expectations of $244.78 million. During the same period in the previous year, the business posted $0.10 earnings per share. The business’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. Analysts expect that Mirion Technologies, Inc. will post 0.51 EPS for the current year.

Insider Buying and Selling

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the sale, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at $435,163.48. The trade was a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.30% of the stock is currently owned by corporate insiders.

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.