Trust Co. of Vermont lifted its stake in shares of Iron Mountain Inc (NYSE:IRM) by 3,433.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,650 shares of the financial services provider’s stock after acquiring an additional 2,575 shares during the quarter. Trust Co. of Vermont’s holdings in Iron Mountain were worth $94,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of IRM. Financial Advocates Investment Management increased its position in shares of Iron Mountain by 178.3% during the fourth quarter. Financial Advocates Investment Management now owns 835 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 535 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Iron Mountain by 3,181.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,009,734 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 978,966 shares during the period. Bremer Trust National Association purchased a new position in shares of Iron Mountain during the fourth quarter worth approximately $36,000. Dubuque Bank & Trust Co. increased its position in shares of Iron Mountain by 565.3% during the fourth quarter. Dubuque Bank & Trust Co. now owns 1,171 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 995 shares during the period. Finally, Baldwin Brothers Inc. MA purchased a new position in shares of Iron Mountain during the first quarter worth approximately $44,000. 88.47% of the stock is currently owned by institutional investors and hedge funds.
IRM stock traded down $0.08 during trading on Thursday, hitting $30.91. 35,770 shares of the company’s stock traded hands, compared to its average volume of 2,278,905. The firm has a market cap of $8.92 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 3.88 and a beta of 0.63. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 4.75. Iron Mountain Inc has a 1 year low of $30.22 and a 1 year high of $37.32.
Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.05). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Iron Mountain had a net margin of 8.22% and a return on equity of 19.61%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. Analysts anticipate that Iron Mountain Inc will post 2.25 EPS for the current fiscal year.
In related news, CEO William L. Meaney sold 8,621 shares of Iron Mountain stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $35.28, for a total transaction of $304,148.88. Following the transaction, the chief executive officer now directly owns 155,007 shares of the company’s stock, valued at $5,468,646.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Clark H. Bailey sold 9,108 shares of Iron Mountain stock in a transaction on Friday, February 15th. The stock was sold at an average price of $35.16, for a total transaction of $320,237.28. Following the completion of the transaction, the director now directly owns 160,702 shares in the company, valued at $5,650,282.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,426 shares of company stock worth $2,882,023. 1.90% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently commented on IRM shares. ValuEngine raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Robert W. Baird set a $34.00 price objective on shares of Iron Mountain and gave the company a “hold” rating in a report on Friday, February 15th. Mitsubishi UFJ Financial Group lifted their price objective on shares of Iron Mountain to $37.00 and gave the company a “neutral” rating in a report on Wednesday, February 20th. Zacks Investment Research lowered shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Iron Mountain in a report on Tuesday, February 19th. Three 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 stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.13.
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 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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