Iron Mountain Incorporated (NYSE:IRM) Stake Maintained by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado held its position in shares of Iron Mountain Incorporated (NYSE:IRM) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,903 shares of the financial services provider’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Iron Mountain were worth $1,612,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in IRM. Ledyard National Bank bought a new position in shares of Iron Mountain during the first quarter valued at $108,000. Creative Planning raised its position in shares of Iron Mountain by 4.6% in the second quarter. Creative Planning now owns 3,049 shares of the financial services provider’s stock valued at $105,000 after buying an additional 134 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Iron Mountain by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,663 shares of the financial services provider’s stock valued at $131,000 after buying an additional 121 shares in the last quarter. Trust Department MB Financial Bank N A bought a new position in shares of Iron Mountain during the first quarter valued at $178,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Iron Mountain by 11.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 5,309 shares of the financial services provider’s stock valued at $189,000 after buying an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 86.04% of the company’s stock.
Shares of Iron Mountain Incorporated (IRM) opened at 37.13 on Friday. Iron Mountain Incorporated has a 12-month low of $30.75 and a 12-month high of $39.75. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 50.93 and a beta of 0.94. The company has a 50 day moving average of $35.29 and a 200-day moving average of $35.39.
Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. Iron Mountain had a net margin of 5.14% and a return on equity of 14.46%. The business had revenue of $950 million for the quarter, compared to analyst estimates of $955.05 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Iron Mountain’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts predict that Iron Mountain Incorporated will post $1.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Thursday, September 14th. Iron Mountain’s payout ratio is currently 297.30%.
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Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price objective on shares of Iron Mountain in a report on Friday, June 9th. Finally, Deutsche Bank AG lowered shares of Iron Mountain from a “hold” rating to a “sell” rating and dropped their price objective for the company from $41.00 to $30.00 in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $35.67.
In related news, SVP Eileen Sweeney sold 2,100 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $35.14, for a total transaction of $73,794.00. Following the sale, the senior vice president now owns 2,104 shares of the company’s stock, valued at $73,934.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Tomovcsik sold 29,450 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $38.00, for a total transaction of $1,119,100.00. The disclosure for this sale can be found here. Insiders have sold 33,102 shares of company stock worth $1,247,447 in the last three months. 1.50% of the stock is currently owned by insiders.
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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