Athos Capital Ltd boosted its position in Iron Mountain Incorporated (NYSE:IRM) by 7,231.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 675,958 shares of the financial services provider’s stock after purchasing an additional 666,738 shares during the period. Iron Mountain comprises 6.9% of Athos Capital Ltd’s investment portfolio, making the stock its 3rd biggest position. Athos Capital Ltd owned approximately 0.26% of Iron Mountain worth $9,112,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Iron Mountain by 6.0% during the 1st quarter. FMR LLC now owns 83,006 shares of the financial services provider’s stock valued at $2,961,000 after buying an additional 4,683 shares in the last quarter. Teachers Advisors LLC lifted its stake in Iron Mountain by 4.8% in the 1st quarter. Teachers Advisors LLC now owns 349,944 shares of the financial services provider’s stock worth $12,483,000 after purchasing an additional 16,097 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Iron Mountain by 23.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 11,653 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 2,243 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Iron Mountain in the 1st quarter worth approximately $308,000. Finally, Gotham Asset Management LLC purchased a new stake in Iron Mountain in the 1st quarter worth approximately $1,216,000. 87.58% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on IRM. Zacks Investment Research cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Evercore ISI assumed coverage on shares of Iron Mountain in a research report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 price objective on the stock. Stifel Nicolaus restated a “buy” rating and set a $40.00 price objective on shares of Iron Mountain in a research report on Sunday, September 3rd. BidaskClub cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Robert W. Baird set a $39.00 price objective on shares of Iron Mountain and gave the company a “hold” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $41.20.
Shares of Iron Mountain Incorporated (NYSE:IRM) opened at $41.00 on Wednesday. The stock has a market cap of $10,853.66, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 6.34 and a beta of 1.02. Iron Mountain Incorporated has a twelve month low of $31.29 and a twelve month high of $41.18. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.08 and a quick ratio of 1.08.
Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $966.00 million for the quarter, compared to analyst estimates of $960.99 million. Iron Mountain had a net margin of 5.54% and a return on equity of 15.49%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. equities analysts expect that Iron Mountain Incorporated will post 2.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.5875 per share. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 5.73%. Iron Mountain’s payout ratio is presently 275.00%.
In related news, VP Patrick J. Keddy sold 23,428 shares of Iron Mountain stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $39.04, for a total transaction of $914,629.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Tomovcsik sold 21,037 shares of Iron Mountain stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $40.02, for a total transaction of $841,900.74. Following the transaction, the executive vice president now directly owns 62,379 shares of the company’s stock, valued at $2,496,407.58. The disclosure for this sale can be found here. Insiders have sold a total of 48,379 shares of company stock worth $1,911,241 in the last ninety days. Insiders own 1.50% of the company’s stock.
About Iron Mountain
Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.
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