Linscomb & Williams Inc. Grows Stake in Iron Mountain Inc (IRM)

Share on StockTwits

Linscomb & Williams Inc. lifted its position in shares of Iron Mountain Inc (NYSE:IRM) by 20.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 72,724 shares of the financial services provider’s stock after acquiring an additional 12,488 shares during the period. Linscomb & Williams Inc.’s holdings in Iron Mountain were worth $2,579,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cohen & Steers Inc. raised its stake in Iron Mountain by 68.4% in the 4th quarter. Cohen & Steers Inc. now owns 10,970,773 shares of the financial services provider’s stock valued at $355,563,000 after purchasing an additional 4,456,942 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Iron Mountain by 6,329.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,923,848 shares of the financial services provider’s stock valued at $127,172,000 after purchasing an additional 3,862,815 shares during the last quarter. Norges Bank acquired a new position in Iron Mountain in the 4th quarter valued at about $63,345,000. Deutsche Bank AG grew its holdings in Iron Mountain by 250.0% in the 4th quarter. Deutsche Bank AG now owns 2,734,846 shares of the financial services provider’s stock valued at $88,631,000 after buying an additional 1,953,547 shares during the period. Finally, Stifel Financial Corp grew its holdings in Iron Mountain by 418.9% in the 4th quarter. Stifel Financial Corp now owns 1,940,923 shares of the financial services provider’s stock valued at $62,906,000 after buying an additional 1,566,863 shares during the period. 87.50% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on IRM. TheStreet cut Iron Mountain from a “b-” rating to a “c+” rating in a report on Tuesday, May 14th. Robert W. Baird cut Iron Mountain from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $34.00 to $27.00 in a report on Friday, April 26th. Zacks Investment Research cut Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Mitsubishi UFJ Financial Group boosted their target price on Iron Mountain to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, February 20th. Finally, Credit Suisse Group reiterated an “underperform” rating on shares of Iron Mountain in a report on Tuesday, February 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.13.

In other Iron Mountain news, EVP Theodore Maclean sold 3,442 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $35.80, for a total value of $123,223.60. Following the completion of the transaction, the executive vice president now owns 11,204 shares in the company, valued at approximately $401,103.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Fidelma Russo sold 7,724 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $34.79, for a total value of $268,717.96. Following the completion of the transaction, the executive vice president now owns 9,107 shares of the company’s stock, valued at approximately $316,832.53. The disclosure for this sale can be found here. Insiders have sold a total of 62,302 shares of company stock valued at $2,243,740 in the last quarter. Company insiders own 1.90% of the company’s stock.

Shares of NYSE:IRM opened at $31.31 on Friday. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.80 and a quick ratio of 0.80. Iron Mountain Inc has a 1 year low of $30.22 and a 1 year high of $37.32. The stock has a market cap of $8.98 billion, a PE ratio of 13.61, a PEG ratio of 3.07 and a beta of 0.63.

Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.05). Iron Mountain had a return on equity of 19.61% and a net margin of 8.22%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Iron Mountain Inc will post 2.24 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 17th 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 7.81%. The ex-dividend date of this dividend is Friday, June 14th. Iron Mountain’s payout ratio is currently 106.09%.

ILLEGAL ACTIVITY NOTICE: “Linscomb & Williams Inc. Grows Stake in Iron Mountain Inc (IRM)” was published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4353432/linscomb-williams-inc-grows-stake-in-iron-mountain-inc-irm.html.

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.

Recommended Story: Trading Stocks – What are percentage gainers?

Want to see what other hedge funds are holding IRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iron Mountain Inc (NYSE:IRM).

Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Autoliv  PT Lowered to $62.00 at Buckingham Research
Autoliv PT Lowered to $62.00 at Buckingham Research
Shotspotter  Cut to “Market Perform” at Northland Securities
Shotspotter Cut to “Market Perform” at Northland Securities
Buckingham Research Increases Sonic Automotive  Price Target to $20.00
Buckingham Research Increases Sonic Automotive Price Target to $20.00
Vail Resorts  Earns Market Perform Rating from Analysts at Wells Fargo & Co
Vail Resorts Earns Market Perform Rating from Analysts at Wells Fargo & Co
Johnson Outdoors  Downgraded by Sidoti
Johnson Outdoors Downgraded by Sidoti
Autoliv  Stock Rating Upgraded by Robert W. Baird
Autoliv Stock Rating Upgraded by Robert W. Baird


© 2006-2019 Ticker Report