Profund Advisors LLC Acquires 141 Shares of Iron Mountain Incorporated (NYSE:IRM)

Profund Advisors LLC grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,686 shares of the financial services provider’s stock after purchasing an additional 141 shares during the period. Profund Advisors LLC’s holdings in Iron Mountain were worth $420,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ensign Peak Advisors Inc grew its position in Iron Mountain by 15.7% in the second quarter. Ensign Peak Advisors Inc now owns 223,686 shares of the financial services provider’s stock valued at $20,047,000 after acquiring an additional 30,293 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Iron Mountain by 19.3% during the 2nd quarter. Sei Investments Co. now owns 1,125,491 shares of the financial services provider’s stock valued at $100,867,000 after purchasing an additional 181,763 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Iron Mountain by 9.2% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 59,895 shares of the financial services provider’s stock worth $5,368,000 after purchasing an additional 5,056 shares in the last quarter. AE Wealth Management LLC lifted its stake in Iron Mountain by 58.0% in the 2nd quarter. AE Wealth Management LLC now owns 18,006 shares of the financial services provider’s stock valued at $1,614,000 after purchasing an additional 6,611 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its position in Iron Mountain by 3.3% in the second quarter. King Luther Capital Management Corp now owns 17,515 shares of the financial services provider’s stock valued at $1,570,000 after buying an additional 567 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Buying and Selling

In other Iron Mountain news, Director Wendy J. Murdock sold 8,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total transaction of $989,230.00. Following the transaction, the director now directly owns 14,829 shares in the company, valued at approximately $1,725,799.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on Monday, July 8th. The shares were sold at an average price of $91.59, for a total value of $1,453,991.25. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $27,078,583.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Wendy J. Murdock sold 8,500 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total transaction of $989,230.00. Following the transaction, the director now directly owns 14,829 shares in the company, valued at approximately $1,725,799.02. The disclosure for this sale can be found here. Insiders sold 33,003 shares of company stock valued at $3,352,406 over the last 90 days. Company insiders own 2.10% of the company’s stock.

Iron Mountain Stock Performance

Shares of IRM stock opened at $117.31 on Friday. The stock has a market capitalization of $34.41 billion, a PE ratio of 177.75, a PEG ratio of 7.09 and a beta of 1.00. The business’s 50 day simple moving average is $109.86 and its 200 day simple moving average is $92.21. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.79 and a quick ratio of 0.79. Iron Mountain Incorporated has a one year low of $56.51 and a one year high of $120.54.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.59). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. Iron Mountain had a return on equity of 595.44% and a net margin of 3.94%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share. As a group, research analysts forecast that Iron Mountain Incorporated will post 4.17 earnings per share for the current year.

Iron Mountain Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 16th will be given a dividend of $0.715 per share. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.65. The ex-dividend date is Monday, September 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.44%. Iron Mountain’s dividend payout ratio is presently 433.34%.

Analyst Ratings Changes

IRM has been the subject of a number of research reports. Wells Fargo & Company increased their price target on Iron Mountain from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their price target on Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus raised their price objective on shares of Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Iron Mountain presently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Iron Mountain Profile

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.