NTV Asset Management LLC grew its holdings in Iron Mountain Inc (NYSE:IRM) by 6.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,900 shares of the financial services provider’s stock after buying an additional 400 shares during the period. NTV Asset Management LLC’s holdings in Iron Mountain were worth $245,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Bessemer Group Inc. raised its holdings in Iron Mountain by 24.2% during the fourth quarter. Bessemer Group Inc. now owns 1,723 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 336 shares in the last quarter. American International Group Inc. grew its position in Iron Mountain by 0.4% during the fourth quarter. American International Group Inc. now owns 106,570 shares of the financial services provider’s stock worth $3,454,000 after buying an additional 372 shares during the period. Oregon Public Employees Retirement Fund grew its position in Iron Mountain by 1.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 31,155 shares of the financial services provider’s stock worth $1,010,000 after buying an additional 387 shares during the period. Mackenzie Financial Corp grew its position in Iron Mountain by 5.9% during the fourth quarter. Mackenzie Financial Corp now owns 8,505 shares of the financial services provider’s stock worth $276,000 after buying an additional 473 shares during the period. Finally, American Asset Management Inc. grew its position in Iron Mountain by 6.5% during the first quarter. American Asset Management Inc. now owns 8,150 shares of the financial services provider’s stock worth $289,000 after buying an additional 500 shares during the period. 87.82% of the stock is owned by institutional investors and hedge funds.
IRM has been the topic of several recent analyst reports. Robert W. Baird lowered shares of Iron Mountain from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $34.00 to $27.00 in a research report on Friday, April 26th. Zacks Investment Research lowered shares of Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Credit Suisse Group reiterated an “underperform” rating on shares of Iron Mountain in a research report on Tuesday, February 19th. Mitsubishi UFJ Financial Group increased their price target on shares of Iron Mountain to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, February 20th. Finally, ValuEngine upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Iron Mountain has a consensus rating of “Hold” and a consensus price target of $35.13.
In related news, CFO Stuart B. Brown sold 2,200 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $31.65, for a total transaction of $69,630.00. Following the completion of the sale, the chief financial officer now directly owns 18,525 shares of the company’s stock, valued at approximately $586,316.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Theodore Maclean sold 3,442 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $35.80, for a total transaction of $123,223.60. Following the sale, the executive vice president now directly owns 11,204 shares of the company’s stock, valued at $401,103.20. The disclosure for this sale can be found here. In the last three months, insiders sold 62,302 shares of company stock worth $2,243,740. Insiders own 1.90% of the company’s stock.
NYSE:IRM traded down $0.22 during trading hours on Wednesday, reaching $31.62. 2,346,556 shares of the company were exchanged, compared to its average volume of 2,262,919. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 4.75. The company has a market cap of $9.13 billion, a P/E ratio of 13.75, a P/E/G ratio of 3.09 and a beta of 0.63. Iron Mountain Inc has a 52-week low of $30.22 and a 52-week high of $37.32.
Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.05). Iron Mountain had a return on equity of 19.61% and a net margin of 8.22%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts forecast that Iron Mountain Inc will post 2.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 17th will be paid a $0.611 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 7.73%. Iron Mountain’s dividend payout ratio is presently 106.09%.
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Iron Mountain Company Profile
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.
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