Dimensional Fund Advisors LP Reduces Stock Position in Mirion Technologies, Inc. $MIR

Dimensional Fund Advisors LP decreased its position in Mirion Technologies, Inc. (NYSE:MIR) by 10.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,206,933 shares of the company’s stock after selling 740,447 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.45% of Mirion Technologies worth $144,359,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MIR. Wolff Wiese Magana LLC purchased a new position in Mirion Technologies during the 3rd quarter valued at about $26,000. Salomon & Ludwin LLC bought a new stake in shares of Mirion Technologies in the 3rd quarter worth approximately $30,000. Fortress Investment Group LLC purchased a new position in shares of Mirion Technologies during the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its holdings in shares of Mirion Technologies by 470.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after acquiring an additional 1,354 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Mirion Technologies by 96.5% in the third quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock worth $38,000 after acquiring an additional 811 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Stock Down 0.4%

Shares of NYSE:MIR opened at $21.34 on Wednesday. The company has a current ratio of 2.83, a quick ratio of 2.34 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $23.76 and a two-hundred day simple moving average of $24.03. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 194.05 and a beta of 0.99.

Mirion Technologies (NYSE:MIR) last released its earnings results on Tuesday, February 10th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $277.40 million during the quarter, compared to analysts’ expectations of $281.17 million. Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. On average, research analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Mirion Technologies from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Monday. Citigroup dropped their price target on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Evercore initiated coverage on Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective for the company. Morgan Stanley began coverage on shares of Mirion Technologies in a report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 target price on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.88.

Mirion Technologies Profile

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.