Jennifer Allerton Sells 5,000 Shares of Iron Mountain Inc (NYSE:IRM) Stock
Iron Mountain Inc (NYSE:IRM) Director Jennifer Allerton sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $32.96, for a total transaction of $164,800.00. Following the sale, the director now directly owns 18,484 shares of the company’s stock, valued at $609,232.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
NYSE:IRM traded down $0.90 during trading hours on Friday, hitting $31.83. The stock had a trading volume of 259,193 shares, compared to its average volume of 1,951,718. Iron Mountain Inc has a one year low of $29.28 and a one year high of $37.32. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 3.25 and a beta of 0.50. The business’s 50 day moving average is $33.16 and its 200-day moving average is $31.97.
Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, October 31st. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.27). Iron Mountain had a net margin of 9.14% and a return on equity of 21.57%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted $0.28 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. On average, sell-side analysts anticipate that Iron Mountain Inc will post 2.28 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the business. Metropolitan Life Insurance Co NY increased its position in shares of Iron Mountain by 0.9% during the third quarter. Metropolitan Life Insurance Co NY now owns 58,782 shares of the financial services provider’s stock worth $1,904,000 after acquiring an additional 545 shares in the last quarter. Millennium Management LLC boosted its holdings in Iron Mountain by 269.6% during the third quarter. Millennium Management LLC now owns 367,629 shares of the financial services provider’s stock worth $11,907,000 after purchasing an additional 268,159 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Iron Mountain by 263.6% during the third quarter. Squarepoint Ops LLC now owns 322,971 shares of the financial services provider’s stock worth $10,461,000 after purchasing an additional 234,137 shares during the last quarter. Vectors Research Management LLC acquired a new position in Iron Mountain during the third quarter worth $1,039,000. Finally, PVG Asset Management Corp acquired a new position in Iron Mountain during the third quarter worth $392,000. 83.26% of the stock is owned by hedge funds and other institutional investors.
IRM has been the subject of a number of recent research reports. ValuEngine raised shares of Iron Mountain from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Barclays set a $39.00 price target on shares of Iron Mountain and gave the stock a “hold” rating in a research note on Friday, October 11th. TheStreet raised shares of Iron Mountain from a “c+” rating to a “b-” rating in a research note on Monday, September 9th. Finally, Credit Suisse Group dropped their price target on shares of Iron Mountain from $21.00 to $18.00 and set an “underperform” rating for the company in a research note on Tuesday, November 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.80.
Iron Mountain Company 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 85 million square feet across more than 1,400 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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