United Capital Financial Advisers LLC grew its holdings in shares of Iron Mountain Inc (NYSE:IRM) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 389,744 shares of the financial services provider’s stock after buying an additional 2,353 shares during the period. United Capital Financial Advisers LLC’s holdings in Iron Mountain were worth $12,199,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in IRM. Mcmillion Capital Management Inc. bought a new stake in shares of Iron Mountain during the second quarter valued at approximately $31,000. Prime Capital Investment Advisors LLC bought a new stake in Iron Mountain during the second quarter worth approximately $31,000. Valeo Financial Advisors LLC raised its holdings in Iron Mountain by 194.2% during the second quarter. Valeo Financial Advisors LLC now owns 1,062 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 701 shares in the last quarter. Bremer Bank National Association bought a new stake in Iron Mountain during the first quarter worth approximately $36,000. Finally, Thor Advisors LLC bought a new stake in Iron Mountain during the first quarter worth approximately $38,000. 85.93% of the stock is currently owned by institutional investors.
NYSE:IRM traded down $0.98 during midday trading on Friday, hitting $32.55. 3,012,206 shares of the stock were exchanged, compared to its average volume of 1,920,119. Iron Mountain Inc has a one year low of $29.28 and a one year high of $37.32. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 3.97 and a beta of 0.54. The business has a 50-day moving average price of $31.46 and a two-hundred day moving average price of $32.64. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 6.06.
Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Iron Mountain had a return on equity of 19.65% and a net margin of 8.18%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. Sell-side analysts forecast that Iron Mountain Inc will post 2.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Monday, September 16th will be given a $0.611 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.44 annualized dividend and a yield of 7.51%. Iron Mountain’s dividend payout ratio (DPR) is 106.09%.
Several brokerages recently commented on IRM. ValuEngine raised Iron Mountain from a “sell” rating to a “hold” rating in a report on Thursday, September 5th. Wells Fargo & Co began coverage on Iron Mountain in a report on Wednesday, July 10th. They set an “outperform” rating and a $31.60 target price on the stock. Bank of America cut Iron Mountain from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $33.00 to $25.00 in a report on Thursday, July 11th. Credit Suisse Group reissued a “sell” rating and set a $21.00 target price on shares of Iron Mountain in a report on Thursday. Finally, TheStreet raised Iron Mountain from a “c+” rating to a “b-” rating in a report on Monday, September 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $33.51.
In other Iron Mountain news, EVP Patrick J. Keddy sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $33.00, for a total value of $198,000.00. Following the transaction, the executive vice president now owns 24,114 shares in the company, valued at $795,762. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.90% of the company’s stock.
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.
Read More: Compound Interest
Want to see what other hedge funds are holding IRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iron Mountain Inc (NYSE:IRM).
Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.