Nissay Asset Management Corp Japan ADV increased its position in Iron Mountain Inc (NYSE:IRM) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,769 shares of the financial services provider’s stock after purchasing an additional 1,358 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Iron Mountain were worth $3,183,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Baldwin Brothers Inc. MA bought a new position in Iron Mountain during the 1st quarter valued at $44,000. JNBA Financial Advisors bought a new position in Iron Mountain during the 4th quarter valued at $83,000. Dubuque Bank & Trust Co. boosted its stake in Iron Mountain by 565.3% during the 4th quarter. Dubuque Bank & Trust Co. now owns 1,171 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 995 shares during the last quarter. BlackRock Inc. boosted its stake in Iron Mountain by 1.2% during the 4th quarter. BlackRock Inc. now owns 20,124,142 shares of the financial services provider’s stock valued at $652,224,000 after acquiring an additional 231,023 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Iron Mountain by 6.6% during the first quarter. Bank of Montreal Can now owns 345,648 shares of the financial services provider’s stock worth $12,257,000 after purchasing an additional 21,510 shares during the period. Institutional investors and hedge funds own 87.82% of the company’s stock.
A number of brokerages have weighed in on IRM. Robert W. Baird set a $34.00 target price on shares of Iron Mountain and gave the stock a “hold” rating in a report on Friday, February 15th. ValuEngine cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Zacks Investment Research cut 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 target price on shares of Iron Mountain to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, February 20th. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Iron Mountain in a report on Tuesday, February 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.13.
IRM stock opened at $31.79 on Wednesday. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.80 and a current ratio of 0.80. Iron Mountain Inc has a fifty-two week low of $30.22 and a fifty-two week high of $37.32. The stock has a market capitalization of $9.01 billion, a P/E ratio of 13.82, a PEG ratio of 3.02 and a beta of 0.63.
Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.48 earnings per share 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 during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business earned $0.48 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. As a group, research analysts forecast that Iron Mountain Inc will post 2.24 earnings per share for the current fiscal year.
In related news, Director Clark H. Bailey sold 9,108 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $35.16, for a total value of $320,237.28. Following the completion of the transaction, the director now owns 160,702 shares in the company, valued at approximately $5,650,282.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ernest W. Cloutier sold 46,014 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $36.41, for a total transaction of $1,675,369.74. Following the completion of the transaction, the executive vice president now owns 109,757 shares of the company’s stock, valued at approximately $3,996,252.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,426 shares of company stock worth $2,882,023. Corporate insiders own 1.90% of the company’s stock.
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Iron Mountain 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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