Lido Advisors LLC acquired a new position in Iron Mountain Inc (NYSE:IRM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,000 shares of the financial services provider’s stock, valued at approximately $702,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Iron Mountain during the second quarter valued at approximately $988,000. Marble Harbor Investment Counsel LLC lifted its holdings in shares of Iron Mountain by 4.5% during the second quarter. Marble Harbor Investment Counsel LLC now owns 364,609 shares of the financial services provider’s stock valued at $12,765,000 after purchasing an additional 15,643 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Iron Mountain during the second quarter valued at approximately $1,219,000. Woodstock Corp lifted its holdings in shares of Iron Mountain by 10.2% during the third quarter. Woodstock Corp now owns 31,398 shares of the financial services provider’s stock valued at $1,084,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Iron Mountain by 4.3% during the second quarter. Swiss National Bank now owns 894,564 shares of the financial services provider’s stock valued at $31,319,000 after purchasing an additional 36,800 shares during the last quarter. Institutional investors and hedge funds own 88.17% of the company’s stock.
Several research firms have recently issued reports on IRM. Zacks Investment Research lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Friday. Bank of America began coverage on shares of Iron Mountain in a report on Tuesday, November 20th. They set a “neutral” rating and a $34.00 target price for the company. ValuEngine upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. Barclays lowered their target price on shares of Iron Mountain from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Tuesday, October 30th. Finally, Stifel Nicolaus lowered shares of Iron Mountain from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $34.00 in a report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $37.00.
Shares of NYSE IRM opened at $34.05 on Friday. Iron Mountain Inc has a twelve month low of $30.22 and a twelve month high of $40.75. The company has a market capitalization of $9.84 billion, a P/E ratio of 16.15, a PEG ratio of 2.87 and a beta of 0.77. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.18.
Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Iron Mountain had a net margin of 5.49% and a return on equity of 14.71%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Sell-side analysts expect that Iron Mountain Inc will post 2.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Monday, December 17th will be issued a $0.611 dividend. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.59. This represents a $2.44 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend is Friday, December 14th. Iron Mountain’s payout ratio is presently 110.33%.
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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 over 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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