Iron Mountain Inc (NYSE:IRM) Director Jennifer Allerton sold 5,000 shares of Iron Mountain stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $32.96, for a total transaction of $164,800.00. Following the transaction, the director now directly owns 18,484 shares in the company, valued at approximately $609,232.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of IRM stock opened at $31.59 on Friday. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $9.38 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 3.25 and a beta of 0.50. The company’s 50 day moving average price is $33.11 and its two-hundred day moving average price is $31.97. Iron Mountain Inc has a 52 week low of $29.28 and a 52 week high of $37.32.
Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, October 31st. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.27). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. Iron Mountain had a return on equity of 21.57% and a net margin of 9.14%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $0.28 earnings per share. Analysts forecast that Iron Mountain Inc will post 2.28 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Macroview Investment Management LLC acquired a new stake in Iron Mountain during the 3rd quarter worth approximately $25,000. North Star Investment Management Corp. acquired a new stake in shares of Iron Mountain in the third quarter valued at approximately $28,000. Penserra Capital Management LLC acquired a new stake in shares of Iron Mountain in the third quarter valued at approximately $29,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Iron Mountain in the second quarter valued at approximately $31,000. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of Iron Mountain by 99.7% in the third quarter. Flagship Harbor Advisors LLC now owns 1,278 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 638 shares during the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.
IRM has been the topic of several recent analyst reports. Credit Suisse Group reduced their price objective on shares of Iron Mountain from $21.00 to $18.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 26th. ValuEngine raised shares of Iron Mountain from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Barclays set a $39.00 price objective on shares of Iron Mountain and gave the stock a “hold” rating in a research note on Friday, October 11th. Finally, TheStreet upgraded shares of Iron Mountain from a “c+” rating to a “b-” rating in a report on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $30.80.
About Iron Mountain
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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