Iron Mountain Incorporated (IRM) Shares Bought by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC increased its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 10.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,917 shares of the financial services provider’s stock after buying an additional 3,243 shares during the period. Mutual of America Capital Management LLC’s holdings in Iron Mountain were worth $1,280,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of IRM. BlackRock Inc. increased its holdings in Iron Mountain by 5.0% during the second quarter. BlackRock Inc. now owns 18,924,442 shares of the financial services provider’s stock worth $650,244,000 after buying an additional 896,751 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Iron Mountain by 32.2% during the second quarter. Janus Henderson Group PLC now owns 1,820,642 shares of the financial services provider’s stock worth $62,566,000 after buying an additional 443,182 shares during the last quarter. Koch Industries Inc. purchased a new stake in Iron Mountain during the second quarter worth about $366,000. AXA increased its holdings in Iron Mountain by 250.3% during the second quarter. AXA now owns 465,385 shares of the financial services provider’s stock worth $15,991,000 after buying an additional 332,544 shares during the last quarter. Finally, Makaira Partners LLC increased its holdings in Iron Mountain by 17.7% during the second quarter. Makaira Partners LLC now owns 1,931,021 shares of the financial services provider’s stock worth $66,350,000 after buying an additional 290,655 shares during the last quarter. Institutional investors and hedge funds own 87.66% of the company’s stock.
In other news, EVP Theodore Maclean sold 1,500 shares of Iron Mountain stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $38.13, for a total transaction of $57,195.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Tomovcsik sold 29,450 shares of Iron Mountain stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $38.00, for a total value of $1,119,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,329 shares of company stock worth $2,969,441. Corporate insiders own 1.50% of the company’s stock.
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A number of analysts recently issued reports on IRM shares. Robert W. Baird set a $39.00 price objective on shares of Iron Mountain and gave the stock a “hold” rating in a report on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 target price on shares of Iron Mountain in a research report on Sunday, September 3rd. BidaskClub lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Evercore ISI initiated coverage on shares of Iron Mountain in a research report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 target price for the company. Finally, Zacks Investment Research lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $41.20.
Iron Mountain Incorporated (NYSE:IRM) opened at $40.12 on Friday. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $10.65 billion, a P/E ratio of 19.18, a P/E/G ratio of 6.22 and a beta of 1.02.
Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Iron Mountain had a return on equity of 15.49% and a net margin of 5.54%. The company had revenue of $966.00 million for the quarter, compared to analysts’ expectations of $960.99 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. equities analysts forecast that Iron Mountain Incorporated will post 2.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $0.5875 per share. This represents a $2.35 dividend on an annualized basis and a dividend yield of 5.86%. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, December 14th. Iron Mountain’s payout ratio is presently 275.00%.
Iron Mountain Company 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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