Sterling Capital Management LLC Trims Stake in Mirion Technologies, Inc. $MIR

Sterling Capital Management LLC cut its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 44.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,236 shares of the company’s stock after selling 30,566 shares during the period. Sterling Capital Management LLC’s holdings in Mirion Technologies were worth $711,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Mirion Technologies in the 3rd quarter worth $25,000. UMB Bank n.a. grew its holdings in Mirion Technologies by 175.4% during the fourth quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock valued at $31,000 after purchasing an additional 856 shares during the period. EverSource Wealth Advisors LLC increased its position in Mirion Technologies by 470.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after buying an additional 1,354 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Mirion Technologies by 58.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after buying an additional 631 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of Mirion Technologies by 78.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after buying an additional 887 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Trading Down 0.1%

MIR stock opened at $17.90 on Thursday. 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 twelve month low of $15.58 and a twelve month high of $30.28. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 179.04 and a beta of 1.03. The firm’s fifty day simple moving average is $18.26 and its two-hundred day simple moving average is $20.89.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, beating 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 business had revenue of $257.60 million for the quarter, compared to the consensus estimate of $244.78 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, analysts anticipate that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

Insiders Place Their Bets

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were 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 owned 22,157 shares of the company’s stock, valued at $435,163.48. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. Citigroup dropped their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lowered 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 report on Thursday, March 26th. Finally, Morgan Stanley dropped their price objective on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Mirion Technologies has an average rating of “Moderate Buy” and a consensus price target of $27.12.

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.