Commonwealth Equity Services Inc Has $1.31 Million Holdings in Iron Mountain Incorporated (IRM)
Commonwealth Equity Services Inc lessened its holdings in Iron Mountain Incorporated (NYSE:IRM) by 20.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,730 shares of the financial services provider’s stock after selling 8,722 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Iron Mountain were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning boosted its holdings in Iron Mountain by 4.6% in the 2nd quarter. Creative Planning now owns 3,049 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 134 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Iron Mountain by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 3,985 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 322 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Iron Mountain during the 2nd quarter worth approximately $203,000. Penserra Capital Management LLC boosted its stake in shares of Iron Mountain by 7.5% during the 2nd quarter. Penserra Capital Management LLC now owns 6,019 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 422 shares in the last quarter. Finally, Bridgewater Associates LP purchased a new stake in shares of Iron Mountain during the 2nd quarter worth approximately $207,000. 88.58% of the stock is currently owned by institutional investors.
Shares of Iron Mountain Incorporated (IRM) opened at $41.44 on Monday. The company has a market capitalization of $11,060.00, a P/E ratio of 19.92, a PEG ratio of 6.46 and a beta of 1.02. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.08 and a current ratio of 1.08. Iron Mountain Incorporated has a 52 week low of $31.39 and a 52 week high of $41.53.
Iron Mountain (NYSE:IRM) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Iron Mountain had a return on equity of 15.49% and a net margin of 5.54%. The firm had revenue of $966.00 million for the quarter, compared to analyst estimates of $960.99 million. During the same quarter in the prior year, the company earned $0.44 EPS. Iron Mountain’s revenue was up 2.4% on a year-over-year basis. research analysts expect that Iron Mountain Incorporated will post 2.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.5875 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.35 dividend on an annualized basis and a yield of 5.67%. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.55. Iron Mountain’s dividend payout ratio is presently 271.60%.
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Iron Mountain from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub raised Iron Mountain from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. ValuEngine raised Iron Mountain from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price target (up previously from $40.00) on shares of Iron Mountain in a research note on Friday, October 20th. Finally, Robert W. Baird set a $39.00 price target on Iron Mountain and gave the stock a “hold” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.20.
In other Iron Mountain news, CFO Stuart B. Brown sold 1,900 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $40.75, for a total value of $77,425.00. Following the completion of the transaction, the chief financial officer now directly owns 4,010 shares in the company, valued at approximately $163,407.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Edward Bicks sold 1,880 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $41.50, for a total value of $78,020.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,159 shares of company stock worth $2,066,686. 1.50% of the stock is owned by corporate insiders.
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Iron Mountain Profile
Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.
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