Swedbank AB Reduces Stock Position in Mirion Technologies, Inc. $MIR

Swedbank AB lessened its position in Mirion Technologies, Inc. (NYSE:MIR) by 7.0% during the first quarter, Holdings Channel.com reports. The fund owned 3,159,950 shares of the company’s stock after selling 238,250 shares during the period. Swedbank AB’s holdings in Mirion Technologies were worth $58,743,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Stephens Investment Management Group LLC grew its stake in shares of Mirion Technologies by 69.7% in the first quarter. Stephens Investment Management Group LLC now owns 1,374,876 shares of the company’s stock worth $25,559,000 after purchasing an additional 564,933 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Mirion Technologies in the 1st quarter worth approximately $295,000. Peregrine Capital Management LLC lifted its holdings in Mirion Technologies by 14.7% in the 1st quarter. Peregrine Capital Management LLC now owns 462,383 shares of the company’s stock worth $8,596,000 after buying an additional 59,259 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Mirion Technologies by 6.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 35,491 shares of the company’s stock worth $660,000 after buying an additional 2,099 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Mirion Technologies in the 1st quarter worth approximately $2,017,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MIR. Robert W. Baird decreased their target price on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. reduced their price objective on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Citigroup decreased their price objective 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. Finally, Morgan Stanley dropped their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.12.

Mirion Technologies Trading Down 4.9%

MIR opened at $16.08 on Wednesday. The stock has a market cap of $4.03 billion, a PE ratio of 160.76 and a beta of 1.03. 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 business has a 50 day moving average of $18.05 and a 200-day moving average of $20.69. Mirion Technologies, Inc. has a 52 week low of $15.58 and a 52 week high of $30.28.

Mirion Technologies (NYSE:MIR) last issued 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. The company had revenue of $257.60 million for the quarter, compared to analysts’ expectations of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities research analysts predict that Mirion Technologies, Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling 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 shares were sold at an average price of $19.64, for a total value 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. This represents a 27.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by corporate insiders.

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.