Toronto Dominion Bank trimmed its holdings in Iron Mountain Inc (NYSE:IRM) by 14.9% during the second quarter, Holdings Channel reports. The firm owned 227,678 shares of the financial services provider’s stock after selling 40,000 shares during the quarter. Toronto Dominion Bank’s holdings in Iron Mountain were worth $7,124,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in IRM. BlackRock Inc. increased its position in 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 buying an additional 147,381 shares in the last quarter. Geode Capital Management LLC increased its position in Iron Mountain by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 3,915,200 shares of the financial services provider’s stock valued at $126,683,000 after buying an additional 270,237 shares in the last quarter. JPMorgan Chase & Co. increased its position in Iron Mountain by 34.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,906,191 shares of the financial services provider’s stock valued at $120,624,000 after buying an additional 990,959 shares in the last quarter. Northern Trust Corp increased its position in Iron Mountain by 8.4% in the 2nd quarter. Northern Trust Corp now owns 3,704,831 shares of the financial services provider’s stock valued at $115,962,000 after buying an additional 287,797 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its position in Iron Mountain by 9.6% in the 2nd quarter. Centersquare Investment Management LLC now owns 3,561,759 shares of the financial services provider’s stock valued at $111,483,000 after buying an additional 311,030 shares in the last quarter. 85.97% of the stock is currently owned by institutional investors.
IRM traded down $0.15 during midday trading on Monday, reaching $32.40. 790,124 shares of the company were exchanged, compared to its average volume of 1,920,119. The company has a debt-to-equity ratio of 6.06, a quick ratio of 0.75 and a current ratio of 0.75. The company’s fifty day moving average price is $31.46 and its 200 day moving average price is $32.64. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 3.97 and a beta of 0.54. Iron Mountain Inc has a one year low of $29.28 and a one year high of $37.32.
Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Iron Mountain had a return on equity of 19.65% and a net margin of 8.18%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. As a group, sell-side analysts anticipate that Iron Mountain Inc will post 2.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Monday, September 16th will be issued a dividend of $0.611 per share. This represents a $2.44 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date is Friday, September 13th. Iron Mountain’s dividend payout ratio is currently 106.09%.
A number of analysts recently commented on IRM shares. Wells Fargo & Co started coverage on Iron Mountain in a research report on Wednesday, July 10th. They issued an “outperform” rating and a $31.60 target price for the company. Bank of America lowered Iron Mountain from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $33.00 to $25.00 in a research report on Thursday, July 11th. ValuEngine raised Iron Mountain from a “sell” rating to a “hold” rating in a research report on Thursday, September 5th. Credit Suisse Group reaffirmed a “sell” rating and issued a $21.00 target price on shares of Iron Mountain in a research report on Thursday. Finally, Robert W. Baird raised Iron Mountain from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $27.00 to $29.00 in a research report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Iron Mountain has an average rating of “Hold” and an average price target of $33.51.
In other Iron Mountain news, EVP Patrick J. Keddy sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $33.00, for a total transaction of $198,000.00. Following the completion of the sale, the executive vice president now directly owns 24,114 shares of the company’s stock, valued at approximately $795,762. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.
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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