Thompson Siegel & Walmsley LLC Raises Stake in Iron Mountain Incorporated (IRM)
Thompson Siegel & Walmsley LLC raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 33.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 949,881 shares of the financial services provider’s stock after acquiring an additional 236,026 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.36% of Iron Mountain worth $36,951,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of IRM. Creative Planning grew its stake in shares of Iron Mountain by 4.6% during the 2nd quarter. Creative Planning now owns 3,049 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 134 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Iron Mountain by 8.8% in the second quarter. Pacer Advisors Inc. now owns 3,985 shares of the financial services provider’s stock valued at $137,000 after buying an additional 322 shares in the last quarter. CIBC World Markets Inc. bought a new position in shares of Iron Mountain in the second quarter valued at $203,000. Penserra Capital Management LLC grew its stake in shares of Iron Mountain by 7.5% in the second quarter. Penserra Capital Management LLC now owns 6,019 shares of the financial services provider’s stock valued at $206,000 after buying an additional 422 shares in the last quarter. Finally, Bridgewater Associates LP bought a new position in shares of Iron Mountain in the second quarter valued at $207,000. 88.58% of the stock is owned by institutional investors.
Shares of Iron Mountain Incorporated (IRM) traded up $0.15 during trading on Tuesday, reaching $40.92. The company’s stock had a trading volume of 765,800 shares, compared to its average volume of 1,223,750. Iron Mountain Incorporated has a fifty-two week low of $31.39 and a fifty-two week high of $41.18. The firm has a market cap of $10,920.00, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 6.36 and a beta of 1.02. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.59.
Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. Iron Mountain had a return on equity of 15.49% and a net margin of 5.54%. The business had revenue of $966.00 million during the quarter, compared to the consensus estimate of $960.99 million. During the same quarter last year, the firm posted $0.44 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. sell-side analysts expect that Iron Mountain Incorporated will post 2.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.5875 per share. This is an increase from Iron Mountain’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, December 14th. This represents a $2.35 annualized dividend and a yield of 5.74%. Iron Mountain’s dividend payout ratio (DPR) is currently 271.60%.
IRM has been the subject of several analyst reports. Robert W. Baird set a $39.00 target price on shares of Iron Mountain and gave the company a “hold” rating in a research note on Friday, August 25th. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 target price on shares of Iron Mountain in a research note on Sunday, September 3rd. Zacks Investment Research cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Evercore ISI initiated coverage on shares of Iron Mountain in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 target price for the company. Finally, BidaskClub cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Iron Mountain presently has an average rating of “Buy” and an average target price of $41.20.
ILLEGAL ACTIVITY NOTICE: “Thompson Siegel & Walmsley LLC Raises Stake in Iron Mountain Incorporated (IRM)” was reported by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/11/21/thompson-siegel-walmsley-llc-raises-stake-in-iron-mountain-incorporated-irm.html.
In other Iron Mountain news, EVP John Tomovcsik sold 21,037 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $40.02, for a total transaction of $841,900.74. Following the completion of the sale, the executive vice president now owns 62,379 shares of the company’s stock, valued at approximately $2,496,407.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Theodore Maclean sold 1,500 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $38.13, for a total value of $57,195.00. The disclosure for this sale can be found here. Insiders have sold a total of 48,379 shares of company stock valued at $1,911,241 in the last ninety days. Insiders own 1.50% of the company’s stock.
Iron Mountain 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.
Want to see what other hedge funds are holding IRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iron Mountain Incorporated (NYSE:IRM).
Receive News & Ratings for Iron Mountain Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.