American National Insurance Co. TX maintained its position in shares of Iron Mountain Incorporated (NYSE:IRM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 213,885 shares of the financial services provider’s stock at the end of the second quarter. American National Insurance Co. TX owned 0.08% of Iron Mountain worth $7,349,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Iron Mountain during the fourth quarter worth approximately $1,190,000. GSA Capital Partners LLP increased its position in shares of Iron Mountain by 94.7% in the fourth quarter. GSA Capital Partners LLP now owns 13,781 shares of the financial services provider’s stock worth $448,000 after buying an additional 6,704 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Iron Mountain by 1.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 672,940 shares of the financial services provider’s stock worth $21,857,000 after buying an additional 9,074 shares in the last quarter. Kentucky Retirement Systems purchased a new position in shares of Iron Mountain during the fourth quarter worth $577,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Iron Mountain during the fourth quarter worth $258,000. Institutional investors own 86.04% of the company’s stock.
Iron Mountain Incorporated (IRM) opened at 37.13 on Friday. The stock’s 50 day moving average is $35.29 and its 200-day moving average is $35.39. The firm has a market capitalization of $9.82 billion, a PE ratio of 50.93 and a beta of 0.94. Iron Mountain Incorporated has a one year low of $30.75 and a one year high of $39.75.
Iron Mountain (NYSE:IRM) last announced its earnings results on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $950 million during the quarter, compared to the consensus estimate of $955.05 million. Iron Mountain had a net margin of 5.14% and a return on equity of 14.46%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. On average, analysts anticipate that Iron Mountain Incorporated will post $1.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.20 dividend on an annualized basis and a yield of 5.93%. Iron Mountain’s dividend payout ratio is presently 297.30%.
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A number of brokerages recently weighed in on IRM. BidaskClub raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of Iron Mountain from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $40.00 price target on shares of Iron Mountain in a research note on Friday, June 9th. Finally, Deutsche Bank AG downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating and decreased their price target for the company from $41.00 to $30.00 in a research note on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $35.67.
In other news, EVP John Tomovcsik sold 29,450 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $38.00, for a total transaction of $1,119,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Eileen Sweeney sold 2,100 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $35.14, for a total transaction 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. Insiders sold 33,102 shares of company stock valued at $1,247,447 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.
About Iron Mountain
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.
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