BNP Paribas Financial Markets Grows Stake in Mirion Technologies, Inc. $MIR

BNP Paribas Financial Markets lifted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 314.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 904,229 shares of the company’s stock after buying an additional 686,278 shares during the period. BNP Paribas Financial Markets’ holdings in Mirion Technologies were worth $21,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Mirion Technologies during the third quarter worth $25,000. EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 1,354 shares during the period. Global Retirement Partners LLC lifted its position in Mirion Technologies by 78.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after acquiring an additional 887 shares during the period. GAMMA Investing LLC lifted its position in Mirion Technologies by 138.5% during the 4th quarter. GAMMA Investing LLC now owns 2,242 shares of the company’s stock worth $53,000 after acquiring an additional 1,302 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Mirion Technologies by 68.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,781 shares of the company’s stock worth $65,000 after acquiring an additional 1,130 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,400 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction 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 approximately $435,163.48. This represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MIR. Morgan Stanley lowered their price target on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 11th. JPMorgan Chase & Co. lowered their price target on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. Robert W. Baird lowered their price target on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Melius Research raised shares of Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. 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 research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.13.

Mirion Technologies Stock Performance

MIR opened at $17.05 on Friday. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 170.54 and a beta of 1.03. Mirion Technologies, Inc. has a 52-week low of $16.43 and a 52-week high of $30.28. The firm’s fifty day simple moving average is $18.77 and its two-hundred day simple moving average is $21.85.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $244.78 million. During the same period in the prior year, the business earned $0.10 earnings per share. The company’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. Equities analysts anticipate that Mirion Technologies, Inc. will post 0.51 earnings per share 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.