Legato Capital Management LLC Grows Holdings in Mirion Technologies, Inc. $MIR

Legato Capital Management LLC raised its position in Mirion Technologies, Inc. (NYSE:MIR) by 47.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 276,501 shares of the company’s stock after buying an additional 88,464 shares during the period. Mirion Technologies accounts for about 0.6% of Legato Capital Management LLC’s holdings, making the stock its 22nd largest holding. Legato Capital Management LLC’s holdings in Mirion Technologies were worth $6,476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in Mirion Technologies in the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its holdings in Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after purchasing an additional 1,354 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Mirion Technologies by 78.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock valued at $47,000 after purchasing an additional 887 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Mirion Technologies by 138.5% in the 4th quarter. GAMMA Investing LLC now owns 2,242 shares of the company’s stock valued at $53,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Mirion Technologies by 68.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,781 shares of the company’s stock valued at $65,000 after purchasing an additional 1,130 shares in the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MIR. Robert W. Baird reduced their target price on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. The Goldman Sachs Group reduced their target price on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Citigroup reduced their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Weiss Ratings lowered shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Morgan Stanley reduced their target price on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.13.

Insider Buying and Selling at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the transaction, the chief accounting officer directly owned 22,157 shares in the company, valued at $435,163.48. This represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.30% of the stock is currently owned by insiders.

Mirion Technologies Trading Up 4.5%

Shares of MIR stock opened at $18.40 on Friday. The firm has a market cap of $4.61 billion, a P/E ratio of 183.98 and a beta of 1.07. Mirion Technologies, Inc. has a 1-year low of $16.84 and a 1-year high of $30.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. The firm’s 50-day simple moving average is $19.04 and its 200-day simple moving average is $22.50.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The company’s revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, equities analysts forecast that Mirion Technologies, Inc. will post 0.51 EPS for the current year.

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.