Modera Wealth Administration LLC purchased a brand new place in Iron Mountain Included (NYSE:IRM – Free Report) in the course of the third quarter, HoldingsChannel.com studies. The fund purchased 1,928 shares of the monetary companies supplier’s inventory, valued at roughly $229,000.
Various different hedge funds and different institutional traders have additionally purchased and bought shares of IRM. State of Alaska Division of Income grew its place in shares of Iron Mountain by 0.4% in the course of the 1st quarter. State of Alaska Division of Income now owns 170,027 shares of the monetary companies supplier’s inventory price $13,637,000 after shopping for a further 637 shares within the final quarter. Norden Group LLC purchased a brand new place in shares of Iron Mountain in the course of the 1st quarter price $657,000. First Belief Direct Indexing L.P. grew its place in shares of Iron Mountain by 6.2% in the course of the 1st quarter. First Belief Direct Indexing L.P. now owns 6,114 shares of the monetary companies supplier’s inventory price $490,000 after shopping for a further 356 shares within the final quarter. American Institute for Superior Funding Administration LLP grew its place in shares of Iron Mountain by 6.9% in the course of the 1st quarter. American Institute for Superior Funding Administration LLP now owns 11,605 shares of the monetary companies supplier’s inventory price $931,000 after shopping for a further 750 shares within the final quarter. Lastly, Non-public Advisor Group LLC grew its place in shares of Iron Mountain by 2.1% in the course of the 1st quarter. Non-public Advisor Group LLC now owns 85,108 shares of the monetary companies supplier’s inventory price $6,827,000 after shopping for a further 1,778 shares within the final quarter. Hedge funds and different institutional traders personal 80.13% of the corporate’s inventory.
Iron Mountain Value Efficiency
Shares of NYSE IRM opened at $127.60 on Wednesday. The corporate has a debt-to-equity ratio of 674.63, a fast ratio of 0.79 and a present ratio of 0.79. The corporate has a market cap of $37.43 billion, a PE ratio of 163.59, a P/E/G ratio of seven.42 and a beta of 1.00. The enterprise has a 50-day easy shifting common of $117.85 and a two-hundred day easy shifting common of $99.34. Iron Mountain Included has a fifty-two week low of $57.36 and a fifty-two week excessive of $130.24.
Iron Mountain (NYSE:IRM – Get Free Report) final introduced its quarterly earnings knowledge on Thursday, August 1st. The monetary companies supplier reported $0.42 earnings per share (EPS) for the quarter, lacking the consensus estimate of $1.01 by ($0.59). Iron Mountain had a return on fairness of 595.44% and a internet margin of three.94%. The agency had income of $1.53 billion in the course of the quarter, in comparison with analysts’ expectations of $1.50 billion. Throughout the identical quarter within the earlier 12 months, the enterprise earned $0.94 earnings per share. The corporate’s income for the quarter was up 13.0% in comparison with the identical quarter final 12 months. As a gaggle, equities analysts count on that Iron Mountain Included will publish 4.17 EPS for the present fiscal 12 months.
Iron Mountain Will increase Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Thursday, October third. Stockholders of file on Monday, September sixteenth had been paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of two.24%. It is a increase from Iron Mountain’s earlier quarterly dividend of $0.65. The ex-dividend date of this dividend was Monday, September sixteenth. Iron Mountain’s dividend payout ratio (DPR) is presently 366.67%.
Insider Transactions at Iron Mountain
In associated information, CEO William L. Meaney bought 15,875 shares of Iron Mountain inventory in a transaction that occurred on Monday, October seventh. The inventory was bought at a mean value of $117.36, for a complete transaction of $1,863,090.00. Following the completion of the transaction, the chief govt officer now instantly owns 295,650 shares within the firm, valued at roughly $34,697,484. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which may be accessed by way of this hyperlink. In associated information, CEO William L. Meaney bought 15,875 shares of Iron Mountain inventory in a transaction that occurred on Monday, October seventh. The inventory was bought at a mean value of $117.36, for a complete transaction of $1,863,090.00. Following the completion of the transaction, the chief govt officer now instantly owns 295,650 shares within the firm, valued at roughly $34,697,484. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which may be accessed by way of this hyperlink. Additionally, EVP Edward Baker-Greene bought 2,262 shares of Iron Mountain inventory in a transaction that occurred on Tuesday, August twentieth. The shares had been bought at a mean value of $109.75, for a complete worth of $248,254.50. Following the transaction, the manager vp now owns 9,049 shares of the corporate’s inventory, valued at roughly $993,127.75. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale may be discovered right here. Insiders bought a complete of 30,503 shares of firm inventory price $3,511,505 over the past three months. 2.10% of the inventory is presently owned by insiders.
Wall Road Analysts Forecast Development
Various equities analysts have not too long ago issued studies on the corporate. The Goldman Sachs Group elevated their value goal on Iron Mountain from $106.00 to $120.00 and gave the inventory a “purchase” ranking in a analysis report on Friday, August 2nd. JPMorgan Chase & Co. raised their value goal on Iron Mountain from $82.00 to $121.00 and gave the corporate an “chubby” ranking in a analysis report on Friday, August 2nd. Barclays raised their value goal on Iron Mountain from $91.00 to $133.00 and gave the corporate an “chubby” ranking in a analysis report on Wednesday, October ninth. Wells Fargo & Firm raised their value goal on Iron Mountain from $120.00 to $135.00 and gave the corporate an “chubby” ranking in a analysis report on Thursday, October seventeenth. Lastly, Stifel Nicolaus raised their value goal on Iron Mountain from $117.00 to $140.00 and gave the corporate a “purchase” ranking in a analysis report on Monday, September twenty third. One analysis analyst has rated the inventory with a promote ranking and 5 have issued a purchase ranking to the corporate. In response to MarketBeat.com, Iron Mountain has a consensus ranking of “Reasonable Purchase” and a mean goal value of $115.50.
View Our Newest Inventory Report on Iron Mountain
Iron Mountain Profile
Iron Mountain Included (NYSE: IRM) is a worldwide chief in info administration companies. 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 a variety of choices together with digital transformation, knowledge facilities, safe data storage, info administration, asset lifecycle administration, safe destruction and artwork storage and logistics, Iron Mountain helps companies carry gentle to their darkish knowledge, enabling prospects to unlock worth and intelligence from their saved digital and bodily property at pace and with safety, whereas serving to them meet their environmental targets.
Learn Extra
Wish to see what different hedge funds are holding IRM? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Iron Mountain Included (NYSE:IRM – Free Report).
Obtain Information & Scores for Iron Mountain Day by day – Enter your electronic mail deal with beneath to obtain a concise every day abstract of the most recent information and analysts’ scores for Iron Mountain and associated corporations with MarketBeat.com’s FREE every day electronic mail publication.
