Pacer Advisors Inc. raised its position in Iron Mountain Incorporated (NYSE:IRM) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,663 shares of the financial services provider’s stock after buying an additional 121 shares during the period. Pacer Advisors Inc.’s holdings in Iron Mountain were worth $131,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Iron Mountain by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 113,536 shares of the financial services provider’s stock valued at $4,050,000 after buying an additional 1,400 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Iron Mountain by 12.9% in the first quarter. LS Investment Advisors LLC now owns 10,085 shares of the financial services provider’s stock worth $360,000 after buying an additional 1,156 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Iron Mountain by 265.1% in the fourth quarter. Macquarie Group Ltd. now owns 160,738 shares of the financial services provider’s stock worth $5,220,000 after buying an additional 116,715 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in Iron Mountain by 5.0% in the first quarter. Glen Harbor Capital Management LLC now owns 16,368 shares of the financial services provider’s stock worth $584,000 after buying an additional 784 shares during the last quarter. Finally, DnB Asset Management AS boosted its position in Iron Mountain by 27.3% in the first quarter. DnB Asset Management AS now owns 20,042 shares of the financial services provider’s stock worth $715,000 after buying an additional 4,300 shares in the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.
Shares of Iron Mountain Incorporated (NYSE IRM) traded down 0.12% during midday trading on Monday, reaching $34.74. 849,879 shares of the company were exchanged. The company has a market capitalization of $9.18 billion, a PE ratio of 91.42 and a beta of 0.93. Iron Mountain Incorporated has a 52-week low of $30.75 and a 52-week high of $41.50. The firm’s 50 day moving average is $34.61 and its 200-day moving average is $34.92.
Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.03. Iron Mountain had a net margin of 2.75% and a return on equity of 12.74%. The firm had revenue of $939 million for the quarter, compared to analyst estimates of $928.62 million. During the same period last year, the company earned $0.51 EPS. The company’s revenue was up 25.0% compared to the same quarter last year. On average, equities analysts forecast that Iron Mountain Incorporated will post $1.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were issued a $0.55 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $2.20 annualized dividend and a dividend yield of 6.33%. Iron Mountain’s dividend payout ratio (DPR) is currently 578.96%.
TRADEMARK VIOLATION NOTICE: “Pacer Advisors Inc. Boosts Stake in Iron Mountain Incorporated (NYSE:IRM)” was published by BNB Daily and is the property of of BNB Daily. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.baseball-news-blog.com/2017/07/17/pacer-advisors-inc-acquires-121-shares-of-iron-mountain-incorporated-irm-updated.html.
A number of analysts have recently weighed in on IRM shares. BidaskClub upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Deutsche Bank AG cut shares of Iron Mountain from a “hold” rating to a “sell” rating and dropped their price target for the company from $41.00 to $30.00 in a research report on Wednesday, June 7th. Zacks Investment Research cut shares of Iron Mountain from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price target on shares of Iron Mountain in a report on Friday, June 9th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.75.
In related news, Director Walter C. Rakowich sold 1,552 shares of Iron Mountain stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $35.15, for a total transaction of $54,552.80. Following the completion of the sale, the director now directly owns 15,074 shares of the company’s stock, valued at approximately $529,851.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Eileen Sweeney sold 2,100 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $35.14, for a total value of $73,794.00. Following the transaction, the senior vice president now owns 2,104 shares in the company, valued at approximately $73,934.56. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.
Iron Mountain Company Profile
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.
Receive News & Ratings for Iron Mountain Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.