Everence Capital Management Inc. trimmed its stake in Iron Mountain Inc (NYSE:IRM) by 27.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,157 shares of the financial services provider’s stock after selling 5,340 shares during the period. Everence Capital Management Inc.’s holdings in Iron Mountain were worth $502,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc increased its stake in shares of Iron Mountain by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 43,901,848 shares of the financial services provider’s stock worth $1,515,491,000 after purchasing an additional 138,607 shares in the last quarter. BlackRock Inc. grew its position in shares of Iron Mountain by 1.2% during the fourth quarter. BlackRock Inc. now owns 20,124,142 shares of the financial services provider’s stock valued at $652,224,000 after purchasing an additional 231,023 shares in the last quarter. Cohen & Steers Inc. grew its position in shares of Iron Mountain by 68.4% during the fourth 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 in the last quarter. Morgan Stanley grew its position in shares of Iron Mountain by 45.8% during the third quarter. Morgan Stanley now owns 4,508,612 shares of the financial services provider’s stock valued at $155,638,000 after purchasing an additional 1,416,410 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Iron Mountain by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,127,799 shares of the financial services provider’s stock valued at $133,783,000 after purchasing an additional 45,950 shares in the last quarter. Hedge funds and other institutional investors own 87.82% of the company’s stock.
Shares of NYSE:IRM opened at $31.79 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 4.75. Iron Mountain Inc has a 12 month low of $30.22 and a 12 month high of $37.32. The stock has a market capitalization of $9.01 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 3.02 and a beta of 0.63.
Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.05). Iron Mountain had a net margin of 8.22% and a return on equity of 19.61%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business posted $0.48 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts forecast that Iron Mountain Inc will post 2.24 earnings per share for the current year.
A number of research analysts have recently weighed in on the company. ValuEngine upgraded Iron Mountain from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Mitsubishi UFJ Financial Group increased their price target on shares of Iron Mountain to $37.00 and gave the company a “neutral” rating in a report on Wednesday, February 20th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Iron Mountain in a report on Tuesday, February 19th. Finally, Robert W. Baird set a $34.00 price target on shares of Iron Mountain and gave the company a “hold” rating in a report on Friday, February 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.13.
In other Iron Mountain news, CFO Stuart B. Brown sold 2,200 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $31.65, for a total value of $69,630.00. Following the completion of the sale, the chief financial officer now owns 18,525 shares of the company’s stock, valued at $586,316.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Clark H. Bailey sold 9,108 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $35.16, for a total transaction of $320,237.28. Following the completion of the sale, the director now directly owns 160,702 shares of the company’s stock, valued at approximately $5,650,282.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,426 shares of company stock valued at $2,882,023. 1.90% of the stock is owned by insiders.
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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.
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