Camelot Portfolios LLC lowered its position in Iron Mountain Inc (NYSE:IRM) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,477 shares of the financial services provider’s stock after selling 493 shares during the quarter. Camelot Portfolios LLC’s holdings in Iron Mountain were worth $578,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Moors & Cabot Inc. lifted its stake in Iron Mountain by 21.2% during the second quarter. Moors & Cabot Inc. now owns 13,372 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 2,341 shares during the last quarter. Bank of The West lifted its stake in Iron Mountain by 7.2% during the second quarter. Bank of The West now owns 6,554 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 438 shares during the last quarter. Gilman Hill Asset Management LLC lifted its stake in Iron Mountain by 1.2% during the second quarter. Gilman Hill Asset Management LLC now owns 138,975 shares of the financial services provider’s stock valued at $4,350,000 after purchasing an additional 1,672 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Iron Mountain during the second quarter valued at approximately $882,000. Finally, Foster & Motley Inc. lifted its stake in Iron Mountain by 11.3% during the second quarter. Foster & Motley Inc. now owns 84,834 shares of the financial services provider’s stock valued at $2,655,000 after purchasing an additional 8,596 shares during the last quarter. Hedge funds and other institutional investors own 87.29% of the company’s stock.
NYSE:IRM opened at $30.99 on Friday. Iron Mountain Inc has a 1 year low of $29.28 and a 1 year high of $37.32. The firm’s fifty day simple moving average is $30.74 and its 200 day simple moving average is $33.13. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 6.06. The firm has a market capitalization of $8.89 billion, a PE ratio of 14.55, a PEG ratio of 3.63 and a beta of 0.59.
Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Iron Mountain had a net margin of 8.18% and a return on equity of 19.65%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. As a group, analysts anticipate that Iron Mountain Inc will post 2.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Monday, September 16th will be issued a dividend of $0.611 per share. This represents a $2.44 annualized dividend and a yield of 7.89%. The ex-dividend date of this dividend is Friday, September 13th. Iron Mountain’s dividend payout ratio is currently 106.09%.
Several analysts recently commented on the stock. ValuEngine lowered shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. TheStreet lowered shares of Iron Mountain from a “b-” rating to a “c+” rating in a research note on Tuesday, May 14th. Robert W. Baird upgraded shares of Iron Mountain from an “underperform” rating to a “neutral” rating and upped their price target for the company from $27.00 to $29.00 in a research report on Friday, August 2nd. Bank of America downgraded shares of Iron Mountain from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $33.00 to $25.00 in a research report on Thursday, July 11th. Finally, Zacks Investment Research downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $35.08.
In related news, Director Walter C. Rakowich sold 2,024 shares of Iron Mountain stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $31.47, for a total transaction of $63,695.28. Following the completion of the transaction, the director now directly owns 23,360 shares of the company’s stock, valued at approximately $735,139.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.
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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