British Columbia Investment Management Corp raised its position in Iron Mountain Inc. (NYSE:IRM) by 12.0% during the third quarter, Holdings Channel reports. The institutional investor owned 226,104 shares of the company’s stock after buying an additional 24,220 shares during the period. British Columbia Investment Management Corp’s holdings in Iron Mountain were worth $8,486,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of IRM. First Republic Investment Management Inc. boosted its stake in Iron Mountain by 19.9% in the first quarter. First Republic Investment Management Inc. now owns 69,232 shares of the company’s stock valued at $2,346,000 after buying an additional 11,510 shares during the period. Raymond James Trust N.A. boosted its stake in Iron Mountain by 3.6% in the second quarter. Raymond James Trust N.A. now owns 33,590 shares of the company’s stock valued at $1,338,000 after buying an additional 1,159 shares during the period. DNB Asset Management AS boosted its stake in Iron Mountain by 23.0% in the second quarter. DNB Asset Management AS now owns 14,442 shares of the company’s stock valued at $575,000 after buying an additional 2,700 shares during the period. Exxonmobil Investment Management Inc. TX boosted its stake in Iron Mountain by 32.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 61,869 shares of the company’s stock valued at $2,464,000 after buying an additional 15,007 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Iron Mountain by 25.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 204,179 shares of the company’s stock valued at $8,133,000 after buying an additional 41,775 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

Shares of Iron Mountain Inc. (NYSE:IRM) traded up 1.217% during trading on Tuesday, hitting $33.685. 1,181,745 shares of the stock were exchanged. Iron Mountain Inc. has a 12-month low of $23.64 and a 12-month high of $41.50. The stock has a 50-day moving average of $33.19 and a 200 day moving average of $36.80. The stock has a market cap of $8.87 billion, a P/E ratio of 127.595 and a beta of 0.95.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The business earned $943 million during the quarter, compared to analyst estimates of $933.49 million. Iron Mountain had a net margin of 1.90% and a return on equity of 19.82%. The business’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Equities analysts predict that Iron Mountain Inc. will post $1.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date is Tuesday, December 13th. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.49. Iron Mountain’s payout ratio is 646.67%.

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Several analysts have recently commented on IRM shares. Zacks Investment Research upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Monday, August 8th. Stifel Nicolaus restated a “buy” rating and issued a $44.00 target price on shares of Iron Mountain in a research note on Tuesday, September 13th. TheStreet cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Iron Mountain from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.50.

In other Iron Mountain news, VP Edward Bicks sold 2,773 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $36.32, for a total transaction of $100,715.36. Following the completion of the sale, the vice president now owns 914 shares in the company, valued at $33,196.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Walter C. Rakowich sold 1,466 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $36.32, for a total transaction of $53,245.12. Following the sale, the director now owns 7,130 shares of the company’s stock, valued at approximately $258,961.60. The disclosure for this sale can be found here. 1.80% 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.

5 Day Chart for NYSE:IRM

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