Harvest Fund Management Co. Ltd purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,403 shares of the financial services provider’s stock, valued at approximately $102,000.
Several other institutional investors and hedge funds have also made changes to their positions in IRM. Exchange Traded Concepts LLC grew its stake in Iron Mountain by 282.1% in the 2nd quarter. Exchange Traded Concepts LLC now owns 745 shares of the financial services provider’s stock valued at $32,000 after buying an additional 550 shares during the last quarter. Bogart Wealth LLC bought a new position in shares of Iron Mountain during the 2nd quarter worth about $36,000. Private Ocean LLC bought a new position in shares of Iron Mountain during the 2nd quarter worth about $38,000. Founders Capital Management lifted its holdings in Iron Mountain by 58.3% during the 2nd quarter. Founders Capital Management now owns 950 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 350 shares during the last quarter. Finally, Avion Wealth bought a new position in Iron Mountain during the 2nd quarter valued at about $45,000. Institutional investors own 77.85% of the company’s stock.
In other news, CAO Daniel Borges sold 1,860 shares of the firm’s stock in a transaction that occurred on Thursday, September 9th. The shares were sold at an average price of $48.20, for a total transaction of $89,652.00. Following the completion of the sale, the chief accounting officer now owns 1,860 shares of the company’s stock, valued at approximately $89,652. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John Tomovcsik sold 29,037 shares of the stock in a transaction on Thursday, September 2nd. The stock was sold at an average price of $48.72, for a total value of $1,414,682.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,097 shares of company stock valued at $1,645,313. 2.10% of the stock is owned by company insiders.
NYSE:IRM opened at $44.90 on Friday. Iron Mountain Incorporated has a one year low of $24.85 and a one year high of $49.58. The company has a market cap of $13.00 billion, a P/E ratio of 21.38, a P/E/G ratio of 4.43 and a beta of 0.79. The firm’s fifty day moving average price is $45.50 and its two-hundred day moving average price is $42.39. The company has a debt-to-equity ratio of 7.63, a current ratio of 0.80 and a quick ratio of 0.80.
Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, August 5th. The financial services provider reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.26). Iron Mountain had a net margin of 14.11% and a return on equity of 51.54%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $0.22 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. As a group, equities research analysts expect that Iron Mountain Incorporated will post 2.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 6th. Investors of record on Wednesday, September 15th will be issued a $0.618 dividend. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $2.47 dividend on an annualized basis and a yield of 5.51%. Iron Mountain’s dividend payout ratio (DPR) is presently 80.46%.
Iron Mountain Profile
Iron Mountain, Inc engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business.
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