Henderson Group PLC raised its stake in Iron Mountain Inc. (NYSE:IRM) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,224,211 shares of the company’s stock after buying an additional 43,703 shares during the period. Iron Mountain comprises approximately 0.7% of Henderson Group PLC’s holdings, making the stock its 21st largest position. Henderson Group PLC’s holdings in Iron Mountain were worth $88,579,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of IRM. JNBA Financial Advisors raised its position in Iron Mountain by 421.2% in the second quarter. JNBA Financial Advisors now owns 2,653 shares of the company’s stock valued at $106,000 after buying an additional 2,144 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Iron Mountain by 11.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,555 shares of the company’s stock valued at $142,000 after buying an additional 351 shares in the last quarter. Breton Hill Capital Ltd. acquired a new position in Iron Mountain during the second quarter valued at $207,000. Franklin Resources Inc. acquired a new position in Iron Mountain during the first quarter valued at $234,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in Iron Mountain during the first quarter valued at $257,000. Hedge funds and other institutional investors own 80.79% of the company’s stock.
Iron Mountain Inc. (NYSE:IRM) traded down 0.79% during mid-day trading on Monday, hitting $34.12. The company’s stock had a trading volume of 1,449,146 shares. Iron Mountain Inc. has a 52-week low of $23.64 and a 52-week high of $41.50. The firm has a 50 day moving average of $36.72 and a 200-day moving average of $37.19. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 96.66 and a beta of 0.70.
Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.05. The company earned $883.70 million during the quarter, compared to analyst estimates of $884.46 million. Iron Mountain had a net margin of 2.51% and a return on equity of 26.91%. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. On average, equities research analysts expect that Iron Mountain Inc. will post $2.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 12th were given a dividend of $0.485 per share. The ex-dividend date was Thursday, September 8th. This represents a $1.94 dividend on an annualized basis and a yield of 5.69%. Iron Mountain’s dividend payout ratio (DPR) is currently 510.54%.
Several research firms have weighed in on IRM. Zacks Investment Research lowered Iron Mountain from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. JPMorgan Chase & Co. lifted their target price on Iron Mountain from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. TheStreet lowered Iron Mountain from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $44.00 target price on shares of Iron Mountain in a report on Tuesday, September 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Iron Mountain has an average rating of “Hold” and an average target price of $44.50.
In other Iron Mountain news, VP Edward Bicks sold 2,773 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $36.32, for a total transaction of $100,715.36. Following the sale, the vice president now owns 914 shares of the company’s stock, valued at $33,196.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Walter C. Rakowich sold 1,466 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $36.32, for a total transaction of $53,245.12. Following the sale, the director now directly owns 7,130 shares in the company, valued at approximately $258,961.60. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
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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