TD Asset Management Inc. reduced its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.7% during the second quarter, Holdings Channel reports. The institutional investor owned 579,480 shares of the financial services provider’s stock after selling 10,225 shares during the period. TD Asset Management Inc.’s holdings in Iron Mountain were worth $19,911,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Glen Harbor Capital Management LLC raised its position in shares of Iron Mountain by 5.0% in the first quarter. Glen Harbor Capital Management LLC now owns 16,368 shares of the financial services provider’s stock worth $584,000 after buying an additional 784 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Iron Mountain by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,675 shares of the financial services provider’s stock worth $223,000 after buying an additional 327 shares during the last quarter. Concorde Asset Management LLC raised its position in shares of Iron Mountain by 46.7% in the first quarter. Concorde Asset Management LLC now owns 15,654 shares of the financial services provider’s stock worth $549,000 after buying an additional 4,980 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Iron Mountain by 29.2% in the first quarter. State of Alaska Department of Revenue now owns 115,930 shares of the financial services provider’s stock worth $4,134,000 after buying an additional 26,210 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in shares of Iron Mountain by 2.8% in the first quarter. Moody National Bank Trust Division now owns 24,795 shares of the financial services provider’s stock worth $884,000 after buying an additional 665 shares during the last quarter. 86.04% of the stock is owned by institutional investors.

Iron Mountain Incorporated (NYSE IRM) opened at 37.13 on Friday. Iron Mountain Incorporated has a 52 week low of $30.75 and a 52 week high of $39.75. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 50.93 and a beta of 0.94. The company has a 50 day moving average price of $35.29 and a 200-day moving average price of $35.39.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $950 million during the quarter, compared to analysts’ expectations of $955.05 million. Iron Mountain had a return on equity of 14.46% and a net margin of 5.14%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Equities analysts predict that Iron Mountain Incorporated will post $1.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.20 annualized dividend and a yield of 5.93%. Iron Mountain’s dividend payout ratio is presently 297.30%.

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A number of research analysts recently commented on the company. BidaskClub lowered Iron Mountain from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Iron Mountain from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Deutsche Bank AG lowered Iron Mountain from a “hold” rating to a “sell” rating and cut their target price for the company from $41.00 to $30.00 in a research note on Wednesday, June 7th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $40.00 target price on shares of Iron Mountain in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.67.

In other Iron Mountain news, EVP John Tomovcsik sold 29,450 shares of Iron Mountain stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $38.00, for a total value of $1,119,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Walter C. Rakowich sold 1,552 shares of Iron Mountain stock in a transaction 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 of the company’s stock, valued at $529,851.10. The disclosure for this sale can be found here. Insiders sold a total of 33,102 shares of company stock valued at $1,247,447 over the last ninety days. Insiders own 1.50% of the company’s stock.

Iron Mountain Company Profile

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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