Iron Mountain Incorporated (IRM) Shares Bought by Advantus Capital Management Inc
Advantus Capital Management Inc grew its stake in Iron Mountain Incorporated (NYSE:IRM) by 8.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,650 shares of the financial services provider’s stock after acquiring an additional 2,022 shares during the period. Advantus Capital Management Inc owned 9,983.52% of Iron Mountain worth $1,037,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of IRM. BlackRock Inc. grew its stake in Iron Mountain by 5.0% in the 2nd quarter. BlackRock Inc. now owns 18,924,442 shares of the financial services provider’s stock worth $650,244,000 after acquiring an additional 896,751 shares in the last quarter. Pictet Asset Management Ltd. grew its stake in Iron Mountain by 89.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,462,729 shares of the financial services provider’s stock worth $56,900,000 after acquiring an additional 689,800 shares in the last quarter. Athos Capital Ltd grew its stake in Iron Mountain by 7,231.4% in the 3rd quarter. Athos Capital Ltd now owns 675,958 shares of the financial services provider’s stock worth $9,112,000 after acquiring an additional 666,738 shares in the last quarter. Janus Henderson Group PLC grew its stake in Iron Mountain by 32.2% in the 2nd quarter. Janus Henderson Group PLC now owns 1,820,642 shares of the financial services provider’s stock worth $62,566,000 after acquiring an additional 443,182 shares in the last quarter. Finally, Koch Industries Inc. bought a new position in Iron Mountain in the 2nd quarter worth about $366,000. Institutional investors and hedge funds own 87.30% of the company’s stock.
In related news, EVP Theodore Maclean sold 1,500 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $38.13, for a total transaction of $57,195.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Patrick J. Keddy sold 23,428 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $39.04, for a total transaction of $914,629.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,879 shares of company stock valued at $1,850,341. Corporate insiders own 1.50% of the company’s stock.
Shares of Iron Mountain Incorporated (IRM) opened at $40.66 on Friday. The firm has a market cap of $10,853.66, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 6.34 and a beta of 1.02. Iron Mountain Incorporated has a one year low of $30.75 and a one year high of $41.17. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.59.
Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The business had revenue of $966.00 million during the quarter, compared to analysts’ expectations of $960.99 million. Iron Mountain had a net margin of 5.54% and a return on equity of 15.49%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $0.44 earnings per share. equities research analysts anticipate that Iron Mountain Incorporated will post 2.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.5875 dividend. The ex-dividend date is Thursday, December 14th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 5.78%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.55. Iron Mountain’s dividend payout ratio (DPR) is currently 275.00%.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Evercore ISI assumed coverage on shares of Iron Mountain in a research note on Wednesday, October 18th. They set an “outperform” rating and a $46.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price objective on shares of Iron Mountain in a research note on Sunday, September 3rd. BidaskClub downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Robert W. Baird set a $39.00 target price on shares of Iron Mountain and gave the company a “hold” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $41.20.
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About Iron Mountain
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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