Wells Fargo & Company MN Raises Position in Mirion Technologies, Inc. (NYSE:MIR)

Wells Fargo & Company MN lifted its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 30.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,798 shares of the company’s stock after purchasing an additional 69,030 shares during the quarter. Wells Fargo & Company MN owned 0.13% of Mirion Technologies worth $5,144,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MIR. US Bancorp DE increased its holdings in shares of Mirion Technologies by 3,248.7% in the 4th quarter. US Bancorp DE now owns 6,262 shares of the company’s stock worth $109,000 after buying an additional 6,075 shares during the last quarter. SkyView Investment Advisors LLC purchased a new position in Mirion Technologies in the third quarter worth $111,000. Harvest Fund Management Co. Ltd bought a new position in Mirion Technologies in the fourth quarter valued at $120,000. KBC Group NV raised its position in Mirion Technologies by 39.2% during the fourth quarter. KBC Group NV now owns 8,002 shares of the company’s stock valued at $140,000 after purchasing an additional 2,254 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Mirion Technologies during the third quarter worth about $170,000. 78.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MIR. B. Riley decreased their price objective on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Robert W. Baird decreased their price objective on Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Finally, Citigroup cut their price target on shares of Mirion Technologies from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $18.75.

Mirion Technologies Price Performance

Shares of MIR opened at $13.79 on Monday. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $18.81. The firm has a fifty day simple moving average of $14.72 and a two-hundred day simple moving average of $15.55. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43. The firm has a market cap of $3.20 billion, a PE ratio of -72.56 and a beta of 0.75.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. On average, equities analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.