1 week Ago By ABMN Staff
Private Advisor Group LLC lifted its position in Iron Mountain Incorporated ( NYSE:IRM – Free Report ) by 10.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,985 shares of the financial services provider’s stock after purchasing an additional 8,877 shares during the period.
Private Advisor Group LLC’s holdings in Iron Mountain were worth $8,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds and other institutional investors have also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Iron Mountain in the second quarter worth $32,000.
Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Iron Mountain in the second quarter worth $36,000. Headlands Technologies LLC purchased a new position in Iron Mountain during the first quarter valued at $38,000.
Family Firm Inc. purchased a new position in Iron Mountain during the second quarter valued at $45,000. Finally, Transcendent Capital Group LLC purchased a new position in Iron Mountain during the fourth quarter valued at $36,000.
80.13% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at Iron Mountain In related news, COO John Tomovcsik sold 1,000 shares of Iron Mountain stock in a transaction dated Monday, August 19th.
The shares were sold at an average price of $110.00, for a total transaction of $110,000.00.
Following the completion of the sale, the chief operating officer now owns 14,000 shares in the company, valued at approximately $1,540,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . In other Iron Mountain news, CAO Daniel Borges sold 3,095 shares of the business’s stock in a transaction dated Monday, June 17th.
The shares were sold at an average price of $86.83, for a total value of $268,738.85.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, COO John Tomovcsik sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $110.
00, for a total transaction of $110,000.00. Following the completion of the sale, the chief operating officer now directly owns 14,000 shares of the company’s stock, valued at approximately $1,540,000.
The disclosure for this sale can be found here . In the last quarter, insiders sold 82,805 shares of company stock worth $7,510,750. 2.
10% of the stock is currently owned by insiders. Wall Street Analysts Forecast Growth Check Out Our Latest Report on IRM Iron Mountain Price Performance Iron Mountain stock opened at $109.48 on Monday.
The firm has a 50-day moving average price of $103.77 and a 200-day moving average price of $88.62.
The firm has a market capitalization of $32.09 billion, a PE ratio of 165.88, a price-to-earnings-growth ratio of 6.
78 and a beta of 1.00. The company has a current ratio of 0.
79, a quick ratio of 0.79 and a debt-to-equity ratio of 674.63.
Iron Mountain Incorporated has a 12-month low of $56.51 and a 12-month high of $114.93.
Iron Mountain ( NYSE:IRM – Get Free Report ) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.
01 by ($0.59). The firm had revenue of $1.
53 billion during the quarter, compared to the consensus estimate of $1.50 billion. Iron Mountain had a return on equity of 595.
44% and a net margin of 3.94%. Iron Mountain’s revenue was up 13.
0% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS.
As a group, equities research analysts forecast that Iron Mountain Incorporated will post 4.17 EPS for the current year. Iron Mountain Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd.
Stockholders of record on Monday, September 16th will be issued a $0.715 dividend. This represents a $2.
86 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, September 16th.
This is a positive change from Iron Mountain’s previous quarterly dividend of $0.65. Iron Mountain’s dividend payout ratio (DPR) is 433.
33%. About Iron Mountain ( Free Report ) Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work.
Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals. Featured Stories 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 – Free Report ).
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