Janney Montgomery Scott LLC Buys New Stake in Mirion Technologies, Inc. $MIR

Key Points

• Janney Montgomery Scott LLC acquired a new stake in Mirion Technologies, purchasing 22,439 shares valued at approximately $483,000 during the second quarter.
• Mirion Technologies reported earnings of $0.11 per share for the last quarter, surpassing analysts' expectations, and a revenue of $222.90 million, a 7.6% increase year-over-year.
• Insider trading revealed that CEO Thomas D. Logan sold 325,000 shares at an average price of $21.31, representing a 7.99% decrease in his holdings.

Janney Montgomery Scott LLC bought a new stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,439 shares of the company's stock, valued at approximately $483,000.

Several other large investors have also recently bought and sold shares of the business. AlphaQuest LLC boosted its stake in Mirion Technologies by 360,400.0% in the first quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock valued at $52,000 after acquiring an additional 3,604 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Mirion Technologies in the first quarter valued at $68,000. Smartleaf Asset Management LLC boosted its stake in Mirion Technologies by 582.2% in the first quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company's stock valued at $76,000 after acquiring an additional 4,442 shares in the last quarter. CWM LLC boosted its stake in Mirion Technologies by 1,026.3% in the first quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after acquiring an additional 5,860 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Mirion Technologies by 2,310.3% in the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after acquiring an additional 6,977 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 NYSE:MIR opened at $24.19 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55. The company has a market cap of $5.66 billion, a P/E ratio of 806.33 and a beta of 0.88. Mirion Technologies, Inc. has a 52 week low of $12.00 and a 52 week high of $25.54. The company has a 50-day moving average price of $22.36 and a 200 day moving average price of $19.77.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The company had revenue of $222.90 million during the quarter, compared to the consensus estimate of $216.78 million. During the same period last year, the firm earned $0.10 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Research analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Insider Activity

In other news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the completion of the sale, the chief executive officer directly owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MIR shares. JPMorgan Chase & Co. started coverage on shares of Mirion Technologies in a research note on Friday, September 26th. They issued an "overweight" rating and a $28.00 price objective for the company. Robert W. Baird upped their price objective on shares of Mirion Technologies from $23.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, September 29th. Northland Capmk upgraded shares of Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. The Goldman Sachs Group upped their price objective on shares of Mirion Technologies from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Finally, Northland Securities increased their target price on shares of Mirion Technologies from $26.00 to $29.00 and gave the stock an "outperform" rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Mirion Technologies currently has a consensus rating of "Buy" and an average target price of $26.33.

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.

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