Virtus ETF Advisers LLC boosted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 32.3% in the 3rd quarter, Holdings Channel reports. The firm owned 48,316 shares of the financial services provider’s stock after buying an additional 11,809 shares during the period. Iron Mountain makes up approximately 0.7% of Virtus ETF Advisers LLC’s portfolio, making the stock its 25th largest holding. Virtus ETF Advisers LLC’s holdings in Iron Mountain were worth $1,294,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in IRM. FMR LLC lifted its stake in Iron Mountain by 74,832.4% during the second quarter. FMR LLC now owns 4,229,935 shares of the financial services provider’s stock valued at $110,401,000 after purchasing an additional 4,224,290 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Iron Mountain by 205.6% during the second quarter. Nordea Investment Management AB now owns 3,713,694 shares of the financial services provider’s stock valued at $95,480,000 after acquiring an additional 2,498,677 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Iron Mountain by 59.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,235,213 shares of the financial services provider’s stock valued at $84,440,000 after acquiring an additional 1,204,497 shares during the period. Greenhouse Funds LLLP acquired a new stake in shares of Iron Mountain during the second quarter valued at approximately $27,798,000. Finally, Prudential PLC raised its holdings in shares of Iron Mountain by 33.9% during the second quarter. Prudential PLC now owns 3,729,201 shares of the financial services provider’s stock valued at $97,332,000 after acquiring an additional 944,900 shares during the period. 83.48% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research lowered shares of Iron Mountain from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a report on Monday, October 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $30.75.
Iron Mountain stock traded up $0.16 during trading hours on Monday, hitting $26.78. The company had a trading volume of 65,700 shares, compared to its average volume of 3,257,565. The firm has a market capitalization of $7.67 billion, a P/E ratio of 57.87, a price-to-earnings-growth ratio of 2.07 and a beta of 0.81. The company has a debt-to-equity ratio of 8.54, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s fifty day moving average is $26.87 and its 200-day moving average is $27.38. Iron Mountain Incorporated has a fifty-two week low of $21.00 and a fifty-two week high of $34.49.
Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, November 5th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.24). The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $992.08 million. Iron Mountain had a net margin of 4.82% and a return on equity of 21.19%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 EPS. Analysts anticipate that Iron Mountain Incorporated will post 2.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Tuesday, December 15th will be paid a $0.6185 dividend. The ex-dividend date is Monday, December 14th. This represents a $2.47 annualized dividend and a yield of 9.24%. Iron Mountain’s dividend payout ratio is presently 107.86%.
Iron Mountain Profile
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across more than 1,480 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.
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