Madison Asset Management LLC Makes New $3.41 Million Investment in Mirion Technologies, Inc. $MIR

Madison Asset Management LLC purchased a new position in shares of Mirion Technologies, Inc. (NYSE:MIR) in the second quarter, HoldingsChannel reports. The institutional investor purchased 190,001 shares of the company’s stock, valued at approximately $3,407,000.

Other hedge funds also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in Mirion Technologies during the third quarter worth $25,000. UMB Bank n.a. grew its position in Mirion Technologies by 175.4% in the 4th quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after purchasing an additional 856 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after purchasing an additional 1,354 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Mirion Technologies by 58.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after purchasing an additional 631 shares during the period. Finally, Global Retirement Partners LLC raised its position in shares of Mirion Technologies by 78.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock valued at $47,000 after buying an additional 887 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

MIR has been the subject of several research reports. B. Riley Financial reduced their target price on shares of Mirion Technologies from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Citigroup reduced their price objective on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Weiss Ratings raised Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, August 3rd. The Goldman Sachs Group reiterated a “buy” rating and set a $23.00 target price on shares of Mirion Technologies in a research report on Wednesday, July 29th. Finally, Morgan Stanley lowered 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.25.

Mirion Technologies Stock Performance

Shares of NYSE:MIR opened at $15.22 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.20 and a quick ratio of 2.63. The business’s fifty day moving average price is $16.54 and its two-hundred day moving average price is $18.63. Mirion Technologies, Inc. has a fifty-two week low of $14.11 and a fifty-two week high of $30.28. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 152.20 and a beta of 1.05.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a return on equity of 6.59% and a net margin of 2.39%.The company had revenue of $266.80 million during the quarter, compared to analysts’ expectations of $269.32 million. During the same period last year, the business earned $0.11 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, analysts predict that Mirion Technologies, Inc. will post 0.54 EPS for the current fiscal 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.