Santori & Peters Inc. bought a new stake in shares of Iron Mountain Inc (NYSE:IRM) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,005 shares of the financial services provider’s stock, valued at approximately $219,000.
Several other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in Iron Mountain by 13.3% in the second quarter. Janney Montgomery Scott LLC now owns 110,388 shares of the financial services provider’s stock worth $3,455,000 after buying an additional 12,939 shares during the period. ARP Americas LP acquired a new stake in Iron Mountain in the second quarter worth $717,000. Mathes Company Inc. acquired a new stake in Iron Mountain in the second quarter worth $682,000. SG Americas Securities LLC acquired a new stake in Iron Mountain in the second quarter worth $6,143,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Iron Mountain by 12.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,248,252 shares of the financial services provider’s stock worth $39,070,000 after buying an additional 138,426 shares during the period. Institutional investors own 87.55% of the company’s stock.
IRM has been the topic of several analyst reports. ValuEngine lowered Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. TheStreet lowered Iron Mountain from a “b-” rating to a “c+” rating in a research report on Tuesday, May 14th. Bank of America lowered Iron Mountain from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $33.00 to $25.00 in a research report on Thursday, July 11th. Robert W. Baird raised Iron Mountain from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $27.00 to $29.00 in a research report on Friday, August 2nd. Finally, Zacks Investment Research lowered Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $33.96.
Shares of IRM traded down $0.64 during trading hours on Friday, reaching $30.58. 1,991,394 shares of the company’s stock traded hands, compared to its average volume of 3,440,166. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 3.61 and a beta of 0.59. The company has a debt-to-equity ratio of 6.06, a current ratio of 0.75 and a quick ratio of 0.75. Iron Mountain Inc has a twelve month low of $29.28 and a twelve month high of $37.32. The stock has a fifty day simple moving average of $30.84.
Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Iron Mountain had a return on equity of 19.65% and a net margin of 8.18%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. On average, research analysts forecast that Iron Mountain Inc will post 2.24 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Monday, September 16th will be issued a dividend of $0.611 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date is Friday, September 13th. Iron Mountain’s dividend payout ratio (DPR) is 106.09%.
In other news, Director Walter C. Rakowich sold 2,024 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $31.47, for a total transaction of $63,695.28. Following the transaction, the director now directly owns 23,360 shares of the company’s stock, valued at $735,139.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.
Iron Mountain Company Profile
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 approximately 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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