Mirion Technologies, Inc. $MIR Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC increased its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 24.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 188,037 shares of the company’s stock after acquiring an additional 37,398 shares during the period. Legato Capital Management LLC owned approximately 0.07% of Mirion Technologies worth $4,374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolff Wiese Magana LLC purchased a new stake in shares of Mirion Technologies during the third quarter valued at approximately $26,000. Salomon & Ludwin LLC acquired a new stake in Mirion Technologies during the 3rd quarter valued at $30,000. Fortress Investment Group LLC acquired a new stake in Mirion Technologies during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC increased its stake 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 buying an additional 1,354 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Mirion Technologies by 96.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock worth $38,000 after buying an additional 811 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of MIR opened at $22.26 on Tuesday. Mirion Technologies, Inc. has a 52 week low of $12.00 and a 52 week high of $30.28. 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 firm has a market cap of $5.58 billion, a price-to-earnings ratio of 202.38 and a beta of 0.97. The stock has a 50 day moving average of $24.05 and a 200-day moving average of $23.98.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $277.40 million for the quarter, compared to the consensus estimate of $281.17 million. Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. As a group, analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Insider Activity at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total value of $8,655,500.00. Following the completion of the transaction, the director directly owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. The trade was a 9.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Citigroup lowered their target price on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a research note 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 target for the company. Morgan Stanley initiated coverage on Mirion Technologies in a report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price objective on the stock. Finally, The Goldman Sachs Group cut their target price on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mirion Technologies presently has an average rating of “Moderate Buy” and an average price target of $28.38.

Mirion Technologies Company 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.