Hemenway Trust Co LLC held its position in Iron Mountain Incorporated (NYSE:IRM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,838 shares of the financial services provider’s stock at the end of the second quarter. Hemenway Trust Co LLC’s holdings in Iron Mountain were worth $544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in Iron Mountain by 3,761.9% in the first quarter. BlackRock Inc. now owns 18,027,691 shares of the financial services provider’s stock worth $643,048,000 after buying an additional 17,560,886 shares in the last quarter. JPMorgan Chase & Co. raised its position in Iron Mountain by 180.0% in the first quarter. JPMorgan Chase & Co. now owns 1,490,008 shares of the financial services provider’s stock worth $53,149,000 after buying an additional 957,896 shares in the last quarter. Victory Capital Management Inc. raised its position in Iron Mountain by 245.0% in the first quarter. Victory Capital Management Inc. now owns 1,308,918 shares of the financial services provider’s stock worth $46,689,000 after buying an additional 929,555 shares in the last quarter. Vanguard Group Inc. raised its position in Iron Mountain by 2.1% in the first quarter. Vanguard Group Inc. now owns 43,247,671 shares of the financial services provider’s stock worth $1,542,644,000 after buying an additional 893,442 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Iron Mountain by 27.3% in the first quarter. Bank of America Corp DE now owns 4,029,077 shares of the financial services provider’s stock worth $143,718,000 after buying an additional 864,016 shares in the last quarter. Institutional investors own 86.31% of the company’s stock.

Iron Mountain Incorporated (IRM) traded down 0.71% on Monday, hitting $34.75. The stock had a trading volume of 160,095 shares. Iron Mountain Incorporated has a 1-year low of $30.75 and a 1-year high of $41.50. The stock has a 50 day moving average price of $34.37 and a 200 day moving average price of $35.11. The company has a market cap of $9.18 billion, a P/E ratio of 91.45 and a beta of 0.93.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.03. The business had revenue of $939 million during the quarter, compared to the consensus estimate of $928.62 million. Iron Mountain had a net margin of 2.75% and a return on equity of 12.74%. The business’s revenue was up 25.0% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. On average, equities research analysts expect that Iron Mountain Incorporated will post $1.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were given a $0.55 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $2.20 annualized dividend and a yield of 6.29%. Iron Mountain’s dividend payout ratio (DPR) is presently 578.96%.

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A number of research analysts have recently weighed in on IRM shares. Zacks Investment Research lowered Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Deutsche Bank AG lowered Iron Mountain from a “hold” rating to a “sell” rating and dropped their target price for the company from $41.00 to $30.00 in a report on Wednesday, June 7th. BidaskClub lowered Iron Mountain from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $40.00 target price on shares of Iron Mountain in a report on Friday, June 9th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $38.75.

In related news, SVP Eileen Sweeney sold 2,100 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $35.14, for a total value of $73,794.00. Following the transaction, the senior vice president now directly owns 2,104 shares of the company’s stock, valued at approximately $73,934.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Walter C. Rakowich sold 1,552 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $35.15, for a total value of $54,552.80. Following the completion of the transaction, the director now directly owns 15,074 shares in the company, valued at $529,851.10. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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

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