International X Japan Co. Ltd. purchased a brand new stake in Iron Mountain Included (NYSE:IRM – Free Report) within the 2nd quarter, based on the corporate in its most up-to-date submitting with the Securities and Alternate Fee (SEC). The agency purchased 701 shares of the monetary providers supplier’s inventory, valued at roughly $63,000.
A number of different hedge funds have additionally made modifications to their positions within the inventory. Csenge Advisory Group grew its stake in shares of Iron Mountain by 1.2% in the course of the second quarter. Csenge Advisory Group now owns 9,515 shares of the monetary providers supplier’s inventory valued at $853,000 after buying an extra 114 shares over the past quarter. Perfromance Wealth Companions LLC grew its stake in shares of Iron Mountain by 2.4% in the course of the second quarter. Perfromance Wealth Companions LLC now owns 5,007 shares of the monetary providers supplier’s inventory valued at $449,000 after buying an extra 118 shares over the past quarter. Massmutual Belief Co. FSB ADV grew its stake in shares of Iron Mountain by 9.8% in the course of the second quarter. Massmutual Belief Co. FSB ADV now owns 1,347 shares of the monetary providers supplier’s inventory valued at $121,000 after buying an extra 120 shares over the past quarter. Terra Nova Asset Administration LLC grew its stake in shares of Iron Mountain by 0.4% in the course of the second quarter. Terra Nova Asset Administration LLC now owns 32,409 shares of the monetary providers supplier’s inventory valued at $2,905,000 after buying an extra 120 shares over the past quarter. Lastly, Jaffetilchin Funding Companions LLC grew its stake in shares of Iron Mountain by 1.1% in the course of the first quarter. Jaffetilchin Funding Companions LLC now owns 11,432 shares of the monetary providers supplier’s inventory valued at $917,000 after buying an extra 122 shares over the past quarter. Institutional traders personal 80.13% of the corporate’s inventory.
Iron Mountain Buying and selling Up 3.4 %
Shares of NYSE IRM opened at $114.15 on Wednesday. The corporate’s fifty day shifting common is $104.65 and its 200-day shifting common is $89.16. The inventory has a market cap of $33.46 billion, a price-to-earnings ratio of 172.95, a P/E/G ratio of 6.56 and a beta of 1.00. Iron Mountain Included has a twelve month low of $56.51 and a twelve month excessive of $114.93. The corporate has a fast ratio of 0.79, a present ratio of 0.79 and a debt-to-equity ratio of 674.63.
Iron Mountain (NYSE:IRM – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, August 1st. The monetary providers supplier reported $0.42 earnings per share for the quarter, lacking analysts’ consensus estimates of $1.01 by ($0.59). The agency had income of $1.53 billion for the quarter, in comparison with the consensus estimate of $1.50 billion. Iron Mountain had a return on fairness of 595.44% and a internet margin of three.94%. The corporate’s income for the quarter was up 13.0% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the enterprise earned $0.94 earnings per share. Equities analysis analysts predict that Iron Mountain Included will submit 4.17 EPS for the present yr.
Iron Mountain Will increase Dividend
The enterprise additionally not too long ago disclosed a quarterly dividend, which will likely be paid on Thursday, October third. Traders of document on Monday, September sixteenth will likely be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized foundation and a dividend yield of two.51%. It is a constructive change from Iron Mountain’s earlier quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, September sixteenth. Iron Mountain’s dividend payout ratio (DPR) is presently 433.33%.
Insider Shopping for and Promoting
In associated information, COO John Tomovcsik bought 1,000 shares of the agency’s inventory in a transaction on Monday, August nineteenth. The shares have been bought at a mean value of $110.00, for a complete transaction of $110,000.00. Following the sale, the chief working officer now straight owns 14,000 shares within the firm, valued at $1,540,000. The sale was disclosed in a doc filed with the SEC, which is out there at this hyperlink. In associated information, COO John Tomovcsik bought 1,000 shares of the agency’s inventory in a transaction on Monday, August nineteenth. The shares have been bought at a mean value of $110.00, for a complete transaction of $110,000.00. Following the sale, the chief working officer now straight owns 14,000 shares within the firm, valued at $1,540,000. The sale was disclosed in a doc filed with the SEC, which is out there at this hyperlink. Additionally, EVP Edward Baker-Greene bought 2,262 shares of the agency’s inventory in a transaction on Tuesday, August twentieth. The inventory was bought at a mean value of $109.75, for a complete transaction of $248,254.50. Following the sale, the manager vice chairman now owns 9,049 shares within the firm, valued at $993,127.75. The disclosure for this sale may be discovered right here. Insiders have bought a complete of 82,805 shares of firm inventory value $7,510,750 during the last ninety days. Firm insiders personal 2.10% of the corporate’s inventory.
Analyst Rankings Adjustments
A variety of equities analysts have issued reviews on the inventory. The Goldman Sachs Group raised their value goal on shares of Iron Mountain from $106.00 to $120.00 and gave the corporate a “purchase” ranking in a analysis observe on Friday, August 2nd. Wells Fargo & Firm raised their value goal on shares of Iron Mountain from $110.00 to $120.00 and gave the corporate an “obese” ranking in a analysis observe on Friday, August 2nd. Stifel Nicolaus raised their value goal on shares of Iron Mountain from $86.00 to $103.00 and gave the corporate a “purchase” ranking in a analysis observe on Wednesday, July tenth. Lastly, JPMorgan Chase & Co. raised their value goal on shares of Iron Mountain from $82.00 to $121.00 and gave the corporate an “obese” ranking in a analysis observe on Friday, August 2nd. One analysis analyst has rated the inventory with a promote ranking, one has assigned a maintain ranking and 5 have assigned a purchase ranking to the inventory. In line with knowledge from MarketBeat, the inventory at present has a mean ranking of “Average Purchase” and a consensus goal value of $99.83.
Test Out Our Newest Analysis Report on IRM
Iron Mountain Profile
Iron Mountain Included (NYSE: IRM) is a worldwide chief in data administration providers. Based in 1951 and trusted by greater than 240,000 prospects worldwide, Iron Mountain serves to guard and elevate the ability of our prospects’ work. By way of a spread of choices together with digital transformation, knowledge 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 knowledge, enabling prospects to unlock worth and intelligence from their saved digital and bodily property at velocity and with safety, whereas serving to them meet their environmental objectives.
Additional Studying
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