QS Investors LLC Has $527,000 Position in Iron Mountain Incorporated (IRM)
QS Investors LLC continued to hold its stake in Iron Mountain Incorporated (NYSE:IRM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,327 shares of the financial services provider’s stock at the end of the second quarter. QS Investors LLC’s holdings in Iron Mountain were worth $527,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of IRM. BlackRock Inc. lifted its holdings in shares of 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 purchasing an additional 896,751 shares in the last quarter. AXA lifted its holdings in shares of Iron Mountain by 250.3% in the 2nd quarter. AXA now owns 465,385 shares of the financial services provider’s stock worth $15,991,000 after purchasing an additional 332,544 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Iron Mountain by 75.6% in the 2nd quarter. Teachers Advisors LLC now owns 614,377 shares of the financial services provider’s stock worth $21,110,000 after purchasing an additional 264,433 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Iron Mountain by 118.5% in the 2nd quarter. Stifel Financial Corp now owns 306,749 shares of the financial services provider’s stock worth $10,510,000 after purchasing an additional 166,346 shares in the last quarter. Finally, Cbre Clarion Securities LLC bought a new position in shares of Iron Mountain in the 2nd quarter worth $5,532,000. Institutional investors own 87.49% of the company’s stock.
In related news, VP Patrick J. Keddy sold 23,428 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Tomovcsik sold 29,450 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were 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. In the last quarter, insiders have sold 76,329 shares of company stock valued at $2,969,441. 1.50% of the stock is owned by company insiders.
IRM has been the topic of a number of recent research reports. BidaskClub upgraded Iron Mountain from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research cut Iron Mountain from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and set a $40.00 price objective on shares of Iron Mountain in a research note on Sunday, September 3rd. Finally, Robert W. Baird set a $39.00 price objective on Iron Mountain and gave the company 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, one has issued a buy rating and one has issued a strong buy rating to the stock. Iron Mountain currently has an average rating of “Hold” and an average price target of $38.25.
Shares of Iron Mountain Incorporated (NYSE:IRM) opened at 39.86 on Monday. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 54.68 and a beta of 0.91. Iron Mountain Incorporated has a 12 month low of $30.75 and a 12 month high of $40.64. The stock’s 50 day moving average price is $39.37 and its 200 day moving average price is $36.37.
Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $950.00 million for the quarter, compared to the consensus estimate of $955.05 million. Iron Mountain had a return on equity of 14.46% and a net margin of 5.14%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. Analysts expect that Iron Mountain Incorporated will post $1.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend was Thursday, September 14th. Iron Mountain’s dividend payout ratio (DPR) is presently 297.30%.
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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