AG2R LA Mondiale Gestion D Actifs Acquires 502 Shares of Iron Mountain Incorporated $IRM

AG2R LA Mondiale Gestion D Actifs grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,338 shares of the financial services provider’s stock after acquiring an additional 502 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Iron Mountain were worth $1,676,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Financial Network Wealth Advisors LLC bought a new stake in shares of Iron Mountain in the first quarter worth about $26,000. Golden State Wealth Management LLC bought a new stake in shares of Iron Mountain in the first quarter worth about $30,000. Ramirez Asset Management Inc. bought a new stake in shares of Iron Mountain in the first quarter worth about $34,000. Wayfinding Financial LLC bought a new stake in shares of Iron Mountain in the first quarter worth about $37,000. Finally, Richards Merrill & Peterson Inc. bought a new stake in shares of Iron Mountain in the first quarter worth about $43,000. 80.13% of the stock is currently owned by institutional investors.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $94.55, for a total transaction of $6,535,768.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $102.34, for a total value of $7,074,252.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 213,375 shares of company stock worth $20,347,156. Company insiders own 1.90% of the company’s stock.

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $105.34 on Friday. The stock has a 50 day moving average price of $98.96 and a 200 day moving average price of $96.98. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $130.24. The stock has a market capitalization of $31.11 billion, a PE ratio of 752.50 and a beta of 1.06.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.19 by $0.05. Iron Mountain had a negative return on equity of 146.80% and a net margin of 0.66%.The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, research analysts forecast that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Monday, September 15th were paid a dividend of $0.785 per share. The ex-dividend date was Monday, September 15th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.0%. Iron Mountain’s dividend payout ratio (DPR) is 2,242.86%.

Analysts Set New Price Targets

Several brokerages have issued reports on IRM. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a report on Saturday. JPMorgan Chase & Co. reduced their price objective on Iron Mountain from $112.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. Barclays upped their price objective on Iron Mountain from $121.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Jefferies Financial Group began coverage on Iron Mountain in a research report on Monday, September 22nd. They set a “buy” rating and a $120.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

Iron Mountain Company 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.