Clean Yield Group reduced its stake in Iron Mountain Incorporated (NYSE:IRM) by 36.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,000 shares of the financial services provider’s stock after selling 1,731 shares during the period. Clean Yield Group’s holdings in Iron Mountain were worth $88,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Global Retirement Partners LLC raised its holdings in Iron Mountain by 7.5% in the 3rd quarter. Global Retirement Partners LLC now owns 5,144 shares of the financial services provider’s stock valued at $138,000 after buying an additional 360 shares during the period. Van ECK Associates Corp grew its position in Iron Mountain by 21.1% in the 3rd quarter. Van ECK Associates Corp now owns 2,242 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 391 shares in the last quarter. Pegasus Asset Management Inc. grew its position in Iron Mountain by 3.4% in the 3rd quarter. Pegasus Asset Management Inc. now owns 12,355 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 405 shares in the last quarter. US Bancorp DE grew its position in Iron Mountain by 2.6% in the 3rd quarter. US Bancorp DE now owns 15,983 shares of the financial services provider’s stock valued at $428,000 after acquiring an additional 407 shares in the last quarter. Finally, Toth Financial Advisory Corp grew its position in Iron Mountain by 9.5% in the 3rd quarter. Toth Financial Advisory Corp now owns 4,916 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.
Separately, Zacks Investment Research downgraded Iron Mountain from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research report on Monday, October 12th.
Shares of Iron Mountain stock opened at $33.40 on Wednesday. Iron Mountain Incorporated has a one year low of $21.00 and a one year high of $35.55. The company has a market cap of $9.62 billion, a PE ratio of 72.61, a P/E/G ratio of 6.40 and a beta of 0.79. The company has a debt-to-equity ratio of 9.20, a quick ratio of 0.60 and a current ratio of 0.60. The business has a 50-day simple moving average of $29.52 and a 200-day simple moving average of $28.36.
Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, November 5th. The financial services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.24). Iron Mountain had a return on equity of 23.61% and a net margin of 3.19%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $992.08 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Iron Mountain Incorporated will post 2.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 6th. Investors of record on Tuesday, December 15th were paid a dividend of $0.6185 per share. This represents a $2.47 annualized dividend and a yield of 7.41%. The ex-dividend date was Monday, December 14th. Iron Mountain’s payout ratio is 107.86%.
Iron Mountain 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 90 million square feet across approximately 1,450 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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