Mirion Technologies, Inc. $MIR Shares Acquired by Lord Abbett & CO. LLC

Key Points

• Lord Abbett & CO. LLC raised its stake in Mirion Technologies by 1.3%, now owning approximately 1.03% of the company, valued at $34.8 million, with other institutional investors also increasing their holdings.
• Mirion Technologies has received mixed ratings from analysts, with a consensus rating of "Buy" and a price target of $22.25, following price objective increases from multiple firms.
• The company's latest quarterly earnings show a revenue increase of 7.6% year-over-year, reporting $222.9 million and an EPS of $0.11, exceeding analyst expectations.

Lord Abbett & CO. LLC lifted its stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,399,864 shares of the company's stock after buying an additional 31,130 shares during the period. Lord Abbett & CO. LLC owned approximately 1.03% of Mirion Technologies worth $34,798,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC grew its holdings in shares of Mirion Technologies by 1,026.3% during the first quarter. CWM LLC now owns 6,431 shares of the company's stock worth $93,000 after purchasing an additional 5,860 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Mirion Technologies by 162.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock valued at $116,000 after purchasing an additional 4,120 shares during the period. GAMMA Investing LLC grew its stake in Mirion Technologies by 2,310.3% during the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock worth $106,000 after buying an additional 6,977 shares during the last quarter. KBC Group NV increased its position in Mirion Technologies by 31.0% during the first quarter. KBC Group NV now owns 10,485 shares of the company's stock worth $152,000 after buying an additional 2,483 shares during the period. Finally, LPL Financial LLC acquired a new position in Mirion Technologies during the fourth quarter worth approximately $211,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MIR has been the subject of several research analyst reports. B. Riley reissued a "buy" rating and issued a $22.00 price objective (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Wall Street Zen cut shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Robert W. Baird raised their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Finally, Citigroup raised their price target on Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $22.25.

Insider Buying and Selling at Mirion Technologies

In related news, CEO Thomas D. Logan sold 325,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $21.31, for a total value of $6,925,750.00. Following the completion of the transaction, the chief executive officer directly owned 3,742,305 shares of the company's stock, valued at $79,748,519.55. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Mirion Technologies Price Performance

MIR stock traded up $0.4450 on Wednesday, reaching $20.2350. 2,021,890 shares of the company's stock were exchanged, compared to its average volume of 2,954,146. The stock has a fifty day moving average of $20.97 and a 200-day moving average of $17.65. The firm has a market cap of $4.73 billion, a PE ratio of 674.50 and a beta of 0.83. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $22.80.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $216.78 million. During the same period in the previous year, the firm earned $0.10 EPS. The business's 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, equities analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal 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.