Northern Trust Corp Acquires 328,164 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Northern Trust Corp increased its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 19.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,041,589 shares of the company's stock after acquiring an additional 328,164 shares during the period. Northern Trust Corp owned approximately 0.88% of Mirion Technologies worth $35,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake in Mirion Technologies by 4.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock worth $338,000 after purchasing an additional 865 shares during the period. Swiss National Bank grew its position in Mirion Technologies by 0.5% during the 4th quarter. Swiss National Bank now owns 376,800 shares of the company's stock valued at $6,575,000 after purchasing an additional 2,000 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Mirion Technologies by 10.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company's stock valued at $377,000 after acquiring an additional 2,031 shares in the last quarter. Xponance Inc. increased its holdings in Mirion Technologies by 15.9% in the 4th quarter. Xponance Inc. now owns 14,942 shares of the company's stock worth $261,000 after buying an additional 2,048 shares in the last quarter. Finally, KBC Group NV lifted its position in Mirion Technologies by 39.2% during the fourth quarter. KBC Group NV now owns 8,002 shares of the company's stock valued at $140,000 after purchasing an additional 2,254 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Mirion Technologies Trading Up 3.5%

MIR stock traded up $0.60 during trading on Tuesday, reaching $17.55. 1,612,673 shares of the stock traded hands, compared to its average volume of 1,692,923. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.81. The firm has a market capitalization of $4.07 billion, a PE ratio of -92.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. The business's 50 day moving average price is $14.65 and its 200-day moving average price is $15.77.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The company had revenue of $202.00 million for the quarter, compared to the consensus estimate of $199.34 million. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. Mirion Technologies's revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. As a group, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MIR shares. Robert W. Baird lowered their price objective on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. B. Riley dropped their target price on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup decreased their price target on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $18.75.

Mirion Technologies 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.