Baldwin Brothers LLC MA bought a new stake in Iron Mountain Incorporated (NYSE: IRM – Get Rating) in the first quarter, according to its latest 13F filing with the Securities and Exchange Commission. The company purchased 1,000 shares of the financial service provider’s shares worth approximately $ 55,000.
Several other institutional investors and hedge funds also recently bought and sold shares in the company. Carroll Financial Associates Inc. increased its stakes in Iron Mountain by 2.0% in the 4th quarter. Carroll Financial Associates Inc. now owns 11,867 shares of the financial service provider’s shares worth $ 622,000 after buying an additional 233 shares in the last quarter. Convergence Investment Partners LLC increased its stake in Iron Mountain shares by 0.9% in the fourth quarter. Convergence Investment Partners LLC now owns 27,059 shares of the financial service provider’s shares worth $ 1,416,000 after acquiring an additional 240 shares in the last quarter. Founders Capital Management increased its position in shares of Iron Mountain by 23.8% in the 4th quarter. Founders Capital Management already owns 1,300 shares of the financial service provider’s stock worth $ 68,000 after buying an additional 250 shares in the last quarter. Good Life Advisors LLC raised its position in shares of Iron Mountain by 4.9% in the 4th quarter. Good Life Advisors LLC now owns 5,345 shares of the financial services provider’s stock worth $ 280,000 after purchasing an additional 251 shares during the period. Finally, Ellevest Inc. increased its position in Iron Mountain by 65.3% in the 4th quarter. Ellevest Inc. it now owns 638 shares of the financial service provider’s shares worth $ 33,000 after acquiring an additional 252 shares in the last quarter. 78.62% of the shares are owned by hedge funds and other institutional investors.
Shares of Iron Mountain opened at $ 49.46 on Friday. The company has a market capitalization of $ 14.37 billion, a P / E ratio of 32.33, a PEG ratio of 3.19 and a beta ratio of 0.82. The company has a debt to equity ratio of 13.37, a fast ratio of 0.90 and a current ratio of 0.90. Iron Mountain Incorporated has a fifty-two weekly low of $ 41.67 and a fifty-two week high of $ 58.61. The stock has a 50-day simple moving average of $ 52.19 and a 200-day simple moving average of $ 50.18.
Iron Mountain (NYSE: IRM – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The financial service provider reported $ 0.38 EPS for the quarter, lacking a consensus estimate of $ 0.70 s ($ 0.32). Iron Mountain had a net margin of 9.59% and a return on equity of 49.70%. The company had revenue of $ 1.25 billion for the quarter, compared to analysts’ expectations of $ 1.24 billion. During the same period last year, the company earned $ 0.81 earnings per share. The company’s revenues increased by 15.3% on an annual basis. As a group, analysts predict that Iron Mountain Incorporated will report 3.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, July 16. The record shareholders on Wednesday, June 15, will receive a dividend of $ 0.618. This represents a $ 2.47 annual dividend and a dividend yield of 5.00%. The date of the former dividend is Tuesday, June 14. Iron Mountain’s payout ratio is 161.44%.
Several brokerage firms have recently weighed IRM. StockNews.com accepted the coverage of Iron Mountain shares in a report on Thursday, March 31. They issued a “hold” rating on the shares. Barclays began covering shares of Iron Mountain in a research note on Friday. They set an overweight rating and a target price of $ 58.00 per share. Credit Suisse Group raised its target for Iron Mountain stock prices from $ 18.00 to $ 20.00 and gave the company a “lower” rating in a report on Friday, February 25th. Finally, Stifel Nicolaus raised its target price for Iron Mountain from $ 52.00 to $ 62.00 and gave the company a “buy” rating in a research note on Tuesday, April 12th.
In other news, EVP Deborah Marson sold 1,125 shares in the business in a deal on Monday, June 13th. The shares were sold at an average price of $ 50.00 for a total transaction of $ 56,250.00. Following the completion of the sale, the executive vice president now owns 53,657 shares of the company worth approximately $ 2,682,850. The sale was revealed in a document submitted to the Securities and Exchange Commission, which can be accessed through the SEC website. Also, director Walter S. Rakovich sold 1,320 shares of Iron Mountain shares in a deal made on Tuesday, May 17th. The shares were sold at an average price of $ 53.60, for a total value of $ 70,752.00. Following the sale, the director now owns 31,907 shares of the company worth $ 1,710,215.20. The disclosure for this sale can be found here. In the past three months, insiders have sold 37,700 shares of the company worth $ 2,072,929. Company insiders own 2.10% of the company’s shares.
About the Iron Mountain (Get a rating)
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is a world leader in information storage and management services. Trusted by more than 225,000 organizations worldwide and with a real estate network of over 90 million square feet in approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valuable assets, including critical business information, highly sensitive data and cultural -historical artifacts.
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