Investors sold shares of Iron Mountain Inc (NYSE:IRM) on strength during trading hours on Thursday. $12.04 million flowed into the stock on the tick-up and $43.51 million flowed out of the stock on the tick-down, for a money net flow of $31.47 million out of the stock. Of all companies tracked, Iron Mountain had the 0th highest net out-flow for the day. Iron Mountain traded up $0.06 for the day and closed at $31.80

A number of research analysts recently weighed in on IRM shares. Zacks Investment Research cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Barclays started coverage on shares of Iron Mountain in a research note on Wednesday, July 18th. They set an “equal weight” rating and a $39.00 target price on the stock. Credit Suisse Group started coverage on shares of Iron Mountain in a research note on Friday, August 10th. They set an “underperform” rating and a $25.00 target price on the stock. Berenberg Bank started coverage on shares of Iron Mountain in a research note on Thursday, September 20th. They set a “buy” rating and a $52.00 target price on the stock. Finally, ValuEngine cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $39.43.

The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $9.10 billion, a PE ratio of 15.11 and a beta of 0.61.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Friday, July 27th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Iron Mountain had a net margin of 4.56% and a return on equity of 14.82%. Iron Mountain’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. On average, equities analysts expect that Iron Mountain Inc will post 2.13 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Monday, September 17th were issued a $0.5875 dividend. The ex-dividend date was Friday, September 14th. This represents a $2.35 dividend on an annualized basis and a yield of 7.30%. Iron Mountain’s dividend payout ratio is currently 110.33%.

In other Iron Mountain news, CFO Stuart B. Brown sold 1,750 shares of Iron Mountain stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $35.38, for a total value of $61,915.00. Following the sale, the chief financial officer now directly owns 7,661 shares in the company, valued at approximately $271,046.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in IRM. Synovus Financial Corp increased its holdings in Iron Mountain by 402.0% in the 2nd quarter. Synovus Financial Corp now owns 3,012 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 2,412 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Iron Mountain in the 2nd quarter worth about $115,000. Klingenstein Fields & Co. LLC bought a new stake in shares of Iron Mountain in the 2nd quarter worth about $202,000. Qube Research & Technologies Ltd increased its holdings in shares of Iron Mountain by 775.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 5,772 shares of the financial services provider’s stock worth $202,000 after buying an additional 5,113 shares during the last quarter. Finally, Chemical Bank bought a new stake in shares of Iron Mountain in the 2nd quarter worth about $207,000. Institutional investors own 86.25% of the company’s stock.

About Iron Mountain (NYSE:IRM)

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 over 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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