Mirion Technologies, Inc. $MIR Shares Acquired by Truist Financial Corp

Key Points

• Truist Financial Corp increased its holdings in Mirion Technologies by 105.1% during the second quarter, now owning 32,167 shares valued at approximately $693,000.
• Mirion Technologies reported earnings of $0.11 EPS for the last quarter, exceeding analysts' estimates, with revenue reaching $222.90 million, a 7.6% increase year-over-year.
• Several analysts have upgraded their ratings, with JPMorgan Chase and Citigroup both setting a new price target of $28.00 for the stock.

Truist Financial Corp increased its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 105.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,167 shares of the company's stock after acquiring an additional 16,484 shares during the quarter. Truist Financial Corp's holdings in Mirion Technologies were worth $693,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Janney Montgomery Scott LLC acquired a new position in shares of Mirion Technologies in the second quarter worth about $483,000. Register Financial Advisors LLC raised its stake in Mirion Technologies by 117.7% during the second quarter. Register Financial Advisors LLC now owns 63,800 shares of the company's stock valued at $1,374,000 after buying an additional 34,500 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Mirion Technologies by 35.4% during the second quarter. Exchange Traded Concepts LLC now owns 181,473 shares of the company's stock valued at $3,907,000 after buying an additional 47,468 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Mirion Technologies during the second quarter valued at approximately $363,000. Finally, TT International Asset Management LTD raised its stake in Mirion Technologies by 69.3% during the second quarter. TT International Asset Management LTD now owns 105,551 shares of the company's stock valued at $2,273,000 after buying an additional 43,205 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company's stock.

Mirion Technologies Trading Up 1.7%

Shares of MIR stock opened at $24.84 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54. Mirion Technologies, Inc. has a 1 year low of $12.00 and a 1 year high of $25.16. The stock has a fifty day moving average of $22.16 and a two-hundred day moving average of $19.60. The firm has a market capitalization of $5.81 billion, a PE ratio of 828.10 and a beta of 0.88.

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

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the completion of the transaction, the chief executive officer owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. The trade was a 7.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on MIR shares. JPMorgan Chase & Co. started coverage on Mirion Technologies in a research note on Friday, September 26th. They set an "overweight" rating and a $28.00 price objective on the stock. Citigroup upped their price objective on Mirion Technologies from $23.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 9th. Northland Capmk upgraded Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. The Goldman Sachs Group upped their price objective on Mirion Technologies from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Finally, B. Riley reiterated a "buy" rating and set a $22.00 price target (up from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mirion Technologies has a consensus rating of "Buy" and an average price target of $26.33.

About Mirion Technologies

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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