Axa S.A. minimize its holdings in Iron Mountain Integrated (NYSE:IRM – Free Report) by 80.7% through the second quarter, based on the corporate in its most up-to-date 13F submitting with the Securities & Trade Fee. The fund owned 17,167 shares of the monetary companies supplier’s inventory after promoting 71,882 shares through the interval. Axa S.A.’s holdings in Iron Mountain had been value $1,539,000 on the finish of the latest reporting interval.
A number of different hedge funds have additionally lately made modifications to their positions in IRM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a brand new stake in Iron Mountain through the second quarter value roughly $32,000. Transcendent Capital Group LLC purchased a brand new place in shares of Iron Mountain through the 4th quarter valued at roughly $36,000. Thurston Springer Miller Herd & Titak Inc. bought a brand new stake in Iron Mountain through the 2nd quarter valued at $36,000. Headlands Applied sciences LLC purchased a brand new stake in Iron Mountain within the first quarter value $38,000. Lastly, Household Agency Inc. bought a brand new place in Iron Mountain through the second quarter value $45,000. 80.13% of the inventory is presently owned by hedge funds and different institutional buyers.
Iron Mountain Value Efficiency
NYSE IRM opened at $118.83 on Tuesday. The corporate has a market cap of $34.83 billion, a PE ratio of 180.05, a P/E/G ratio of seven.09 and a beta of 1.00. The agency’s 50 day shifting common worth is $110.60 and its 200-day shifting common worth is $92.92. The corporate has a debt-to-equity ratio of 674.63, a fast ratio of 0.79 and a present ratio of 0.79. Iron Mountain Integrated has a 52-week low of $56.51 and a 52-week excessive of $120.54.
Iron Mountain (NYSE:IRM – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, August 1st. The monetary companies supplier reported $0.42 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $1.01 by ($0.59). The corporate had income of $1.53 billion through the quarter, in comparison with analysts’ expectations of $1.50 billion. Iron Mountain had a internet margin of three.94% and a return on fairness of 595.44%. The corporate’s income was up 13.0% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the prior 12 months, the enterprise posted $0.94 earnings per share. Promote-side analysts forecast that Iron Mountain Integrated will put up 4.17 EPS for the present fiscal 12 months.
Iron Mountain Will increase Dividend
The corporate additionally lately introduced a quarterly dividend, which will likely be paid on Thursday, October third. Traders of report on Monday, September sixteenth will likely be given a dividend of $0.715 per share. It is a enhance from Iron Mountain’s earlier quarterly dividend of $0.65. The ex-dividend date is Monday, September sixteenth. This represents a $2.86 dividend on an annualized foundation and a yield of two.41%. Iron Mountain’s dividend payout ratio is presently 433.33%.
Insider Shopping for and Promoting at Iron Mountain
In different information, CEO William L. Meaney bought 15,875 shares of the corporate’s inventory in a transaction on Monday, July eighth. The inventory was bought at a mean worth of $91.59, for a complete transaction of $1,453,991.25. Following the transaction, the chief govt officer now straight owns 295,650 shares of the corporate’s inventory, valued at $27,078,583.50. The sale was disclosed in a authorized submitting with the SEC, which is accessible by means of the SEC web site. In different information, COO John Tomovcsik bought 2,866 shares of the enterprise’s inventory in a transaction dated Thursday, August 1st. The inventory was bought at a mean worth of $105.00, for a complete transaction of $300,930.00. Following the sale, the chief working officer now owns 15,000 shares within the firm, valued at $1,575,000. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is out there by means of this hyperlink. Additionally, CEO William L. Meaney bought 15,875 shares of the corporate’s inventory in a transaction dated Monday, July eighth. The shares had been bought at a mean worth of $91.59, for a complete transaction of $1,453,991.25. Following the transaction, the chief govt officer now owns 295,650 shares within the firm, valued at roughly $27,078,583.50. The disclosure for this sale could be discovered right here. Insiders bought a complete of 33,003 shares of firm inventory value $3,352,406 during the last three months. Company insiders personal 2.10% of the corporate’s inventory.
Wall Road Analyst Weigh In
A number of equities analysis analysts have lately issued stories on IRM shares. The Goldman Sachs Group raised their goal worth on shares of Iron Mountain from $106.00 to $120.00 and gave the inventory a “purchase” score in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their worth goal on Iron Mountain from $82.00 to $121.00 and gave the corporate an “obese” score in a report on Friday, August 2nd. Wells Fargo & Firm lifted their goal worth on Iron Mountain from $110.00 to $120.00 and gave the inventory an “obese” score in a analysis report on Friday, August 2nd. Lastly, Stifel Nicolaus upped their worth goal on shares of Iron Mountain from $117.00 to $140.00 and gave the inventory a “purchase” score in a report on Monday, September twenty third. One equities analysis analyst has rated the inventory with a promote score, one has given a maintain score and 5 have issued a purchase score to the corporate’s inventory. Primarily based on information from MarketBeat, the inventory presently has a consensus score of “Reasonable Purchase” and a consensus worth goal of $106.00.
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About Iron Mountain
Iron Mountain Integrated (NYSE: IRM) is a worldwide chief in data administration companies. Based in 1951 and trusted by greater than 240,000 prospects worldwide, Iron Mountain serves to guard and elevate the facility of our prospects’ work. By way of a variety of choices together with digital transformation, information facilities, safe data storage, data administration, asset lifecycle administration, safe destruction and artwork storage and logistics, Iron Mountain helps companies carry mild to their darkish information, enabling prospects to unlock worth and intelligence from their saved digital and bodily belongings at velocity and with safety, whereas serving to them meet their environmental targets.
Additional Studying
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