Janus Henderson Group PLC Buys 443,182 Shares of Iron Mountain Incorporated (IRM)

Janus Henderson Group PLC increased its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 32.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,820,642 shares of the financial services provider’s stock after buying an additional 443,182 shares during the quarter. Janus Henderson Group PLC owned 0.69% of Iron Mountain worth $62,566,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Sun Life Financial INC grew its holdings in Iron Mountain by 3,276.4% during the second quarter. Sun Life Financial INC now owns 11,007 shares of the financial services provider’s stock worth $378,000 after buying an additional 10,681 shares in the last quarter. Employees Retirement System of Texas grew its holdings in Iron Mountain by 1,277.3% during the second quarter. Employees Retirement System of Texas now owns 131,365 shares of the financial services provider’s stock worth $4,514,000 after buying an additional 121,827 shares in the last quarter. HighTower Advisors LLC grew its holdings in Iron Mountain by 1.7% during the second quarter. HighTower Advisors LLC now owns 19,128 shares of the financial services provider’s stock worth $657,000 after buying an additional 325 shares in the last quarter. Aureus Asset Management LLC grew its holdings in Iron Mountain by 11.0% during the second quarter. Aureus Asset Management LLC now owns 7,183 shares of the financial services provider’s stock worth $247,000 after buying an additional 710 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Iron Mountain by 118.5% during the second quarter. Stifel Financial Corp now owns 306,749 shares of the financial services provider’s stock worth $10,510,000 after buying an additional 166,346 shares in the last quarter. Institutional investors and hedge funds own 87.46% of the company’s stock.

IRM has been the subject of several recent research reports. BidaskClub upgraded Iron Mountain from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Zacks Investment Research upgraded Iron Mountain from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Robert W. Baird set a $39.00 price target on Iron Mountain and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price target on shares of Iron Mountain in a report on Sunday, September 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $38.25.

Shares of Iron Mountain Incorporated (NYSE IRM) opened at 39.81 on Friday. The company has a market cap of $10.53 billion, a P/E ratio of 54.61 and a beta of 0.91. The company’s 50-day moving average price is $39.30 and its 200 day moving average price is $36.31. Iron Mountain Incorporated has a one year low of $30.75 and a one year high of $40.64.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $950.00 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 firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, equities research analysts anticipate that Iron Mountain Incorporated will post $1.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend was Thursday, September 14th. Iron Mountain’s payout ratio is 297.30%.

In other news, EVP Theodore Maclean sold 1,500 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $38.13, for a total value of $57,195.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Tomovcsik sold 21,037 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $40.02, for a total value of $841,900.74. Following the completion of the transaction, the executive vice president now owns 62,379 shares of the company’s stock, valued at approximately $2,496,407.58. The disclosure for this sale can be found here. Insiders have sold 52,901 shares of company stock valued at $2,054,812 in the last quarter. 1.50% of the stock is owned by company insiders.

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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.

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

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