International Assets Investment Management LLC acquired a new position in Iron Mountain Incorporated (NYSE:IRM – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,832 shares of the financial services provider’s stock, valued at approximately $1,188,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IRM. Allworth Financial LP lifted its stake in shares of Iron Mountain by 132.0% in the 3rd quarter. Allworth Financial LP now owns 775 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 441 shares during the period. First Personal Financial Services bought a new position in Iron Mountain during the 3rd quarter valued at $35,000. Cambridge Trust Co. bought a new position in Iron Mountain during the 2nd quarter valued at $36,000. Wipfli Financial Advisors LLC acquired a new position in shares of Iron Mountain during the 3rd quarter valued at $42,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Iron Mountain by 440.1% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 767 shares of the financial services provider’s stock worth $42,000 after buying an additional 625 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.
Insider Buying and Selling at Iron Mountain
In related news, EVP Deborah Marson sold 1,125 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $53.72, for a total transaction of $60,435.00. Following the completion of the sale, the executive vice president now directly owns 63,151 shares in the company, valued at $3,392,471.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Iron Mountain news, CEO William L. Meaney sold 62,904 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $52.78, for a total value of $3,320,073.12. Following the transaction, the chief executive officer now owns 376,320 shares in the company, valued at $19,862,169.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah Marson sold 1,125 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $53.72, for a total value of $60,435.00. Following the sale, the executive vice president now directly owns 63,151 shares of the company’s stock, valued at $3,392,471.72. The disclosure for this sale can be found here. Insiders have sold a total of 94,552 shares of company stock valued at $4,970,966 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Iron Mountain Stock Performance
Iron Mountain stock opened at $52.37 on Tuesday. Iron Mountain Incorporated has a fifty-two week low of $43.33 and a fifty-two week high of $58.61. The firm’s 50 day simple moving average is $52.62 and its 200-day simple moving average is $51.20. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $15.27 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 3.47 and a beta of 0.90.
Iron Mountain (NYSE:IRM – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The financial services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.46). The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Iron Mountain had a return on equity of 79.49% and a net margin of 10.91%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. As a group, equities research analysts predict that Iron Mountain Incorporated will post 3.77 EPS for the current year.
Iron Mountain Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 15th were given a dividend of $0.6185 per share. The ex-dividend date of this dividend was Tuesday, March 14th. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.62. This represents a $2.47 dividend on an annualized basis and a yield of 4.72%. Iron Mountain’s dividend payout ratio (DPR) is presently 130.00%.
Iron Mountain Company Profile
Iron Mountain, Inc engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business.
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