Iron Mountain Inc (NYSE:IRM) has received a consensus rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $36.67.
A number of equities research analysts have issued reports on the stock. TheStreet lowered shares of Iron Mountain from a “b-” rating to a “c+” rating in a report on Tuesday, May 14th. ValuEngine lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Mitsubishi UFJ Financial Group increased their target price on shares of Iron Mountain to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, February 20th. Robert W. Baird set a $34.00 target price on shares of Iron Mountain and gave the stock a “hold” rating in a report on Friday, February 15th. Finally, Credit Suisse Group reiterated an “underperform” rating on shares of Iron Mountain in a report on Tuesday, February 19th.
In other news, Director Walter C. Rakowich sold 2,024 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $31.47, for a total value of $63,695.28. Following the sale, the director now directly owns 23,360 shares in the company, valued at approximately $735,139.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ernest W. Cloutier sold 46,014 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $36.41, for a total transaction of $1,675,369.74. Following the completion of the sale, the executive vice president now owns 109,757 shares in the company, valued at $3,996,252.37. The disclosure for this sale can be found here. Insiders sold a total of 56,602 shares of company stock worth $2,038,718 over the last 90 days. Company insiders own 1.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc raised its holdings in shares of Iron Mountain by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 43,901,848 shares of the financial services provider’s stock valued at $1,515,491,000 after purchasing an additional 138,607 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Iron Mountain by 0.7% in the 1st quarter. BlackRock Inc. now owns 20,271,523 shares of the financial services provider’s stock valued at $718,826,000 after purchasing an additional 147,381 shares in the last quarter. Cohen & Steers Inc. raised its holdings in shares of Iron Mountain by 68.4% in the 4th quarter. Cohen & Steers Inc. now owns 10,970,773 shares of the financial services provider’s stock valued at $355,563,000 after purchasing an additional 4,456,942 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Iron Mountain by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 4,199,121 shares of the financial services provider’s stock valued at $148,657,000 after purchasing an additional 283,921 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Iron Mountain by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,166,624 shares of the financial services provider’s stock valued at $147,751,000 after purchasing an additional 38,825 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.
Iron Mountain stock traded down $0.35 during mid-day trading on Friday, reaching $31.73. 2,536,249 shares of the company’s stock were exchanged, compared to its average volume of 2,381,004. The firm has a market cap of $9.08 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 3.05 and a beta of 0.64. Iron Mountain has a twelve month low of $30.22 and a twelve month high of $37.32. 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 (NYSE:IRM) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.05). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. Iron Mountain had a return on equity of 19.61% and a net margin of 8.22%. Iron Mountain’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 earnings per share. On average, equities research analysts anticipate that Iron Mountain will post 2.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 17th will be issued a dividend of $0.611 per share. The ex-dividend date is Friday, June 14th. This represents a $2.44 dividend on an annualized basis and a yield of 7.70%. Iron Mountain’s dividend payout ratio (DPR) is presently 106.09%.
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.
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