Dupont Capital Management Corp grew its stake in Iron Mountain (NYSE:IRM) by 40.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,528 shares of the financial services provider’s stock after buying an additional 10,019 shares during the period. Dupont Capital Management Corp’s holdings in Iron Mountain were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of IRM. Cbre Clarion Securities LLC boosted its position in shares of Iron Mountain by 286.4% during the 4th quarter. Cbre Clarion Securities LLC now owns 5,496,196 shares of the financial services provider’s stock valued at $207,371,000 after purchasing an additional 4,073,921 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Iron Mountain by 97.6% during the 4th quarter. Bank of New York Mellon Corp now owns 7,074,314 shares of the financial services provider’s stock valued at $266,914,000 after purchasing an additional 3,495,078 shares in the last quarter. Zimmer Partners LP bought a new stake in shares of Iron Mountain during the 4th quarter valued at about $95,378,000. Deutsche Bank AG boosted its position in shares of Iron Mountain by 102.7% during the 4th quarter. Deutsche Bank AG now owns 2,260,425 shares of the financial services provider’s stock valued at $85,281,000 after purchasing an additional 1,145,503 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Iron Mountain by 4.9% during the 4th quarter. BlackRock Inc. now owns 20,016,344 shares of the financial services provider’s stock valued at $755,217,000 after purchasing an additional 929,906 shares in the last quarter. 90.39% of the stock is owned by institutional investors.
In related news, Director Alfred J. Verrecchia bought 5,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were bought at an average price of $32.49 per share, for a total transaction of $162,450.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Theodore Maclean sold 1,076 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $32.30, for a total value of $34,754.80. Following the completion of the transaction, the executive vice president now owns 6,367 shares in the company, valued at approximately $205,654.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,197 shares of company stock worth $1,152,896. Corporate insiders own 1.50% of the company’s stock.
Shares of Iron Mountain opened at $32.05 on Friday, Marketbeat reports. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 15.05 and a beta of 0.81. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.24 and a current ratio of 1.24. Iron Mountain has a 52-week low of $32.72 and a 52-week high of $33.18.
Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Iron Mountain had a return on equity of 14.96% and a net margin of 4.31%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. equities research analysts anticipate that Iron Mountain will post 2.08 earnings per share for the current year.
Several brokerages recently commented on IRM. Zacks Investment Research upgraded Iron Mountain from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Tuesday, April 24th. ValuEngine lowered Iron Mountain from a “hold” rating to a “sell” rating in a research report on Thursday. Stifel Nicolaus cut their target price on Iron Mountain from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, February 20th. Finally, Goldman Sachs began coverage on Iron Mountain in a research report on Tuesday, March 27th. They set a “buy” rating and a $41.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $39.33.
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 over 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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