Shares of Iron Mountain Inc (NYSE:IRM) have earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $37.00.
IRM has been the topic of several analyst reports. Zacks Investment Research raised shares of Iron Mountain from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Monday, December 10th. Stifel Nicolaus lowered shares of Iron Mountain from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $34.00 in a report on Friday, October 26th. Barclays lowered their target price on shares of Iron Mountain from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 30th. ValuEngine raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Bank of America initiated coverage on shares of Iron Mountain in a report on Tuesday, November 20th. They issued a “neutral” rating and a $34.00 target price on the stock.
Get Iron Mountain alerts:In other news, EVP Ernest W. Cloutier sold 21,037 shares of the company’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $36.90, for a total value of $776,265.30. Following the sale, the executive vice president now owns 72,411 shares of the company’s stock, valued at approximately $2,671,965.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jennifer Allerton sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $33.75, for a total transaction of $101,250.00. Following the completion of the sale, the director now directly owns 14,081 shares in the company, valued at approximately $475,233.75. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc grew its holdings in Iron Mountain by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 43,901,848 shares of the financial services provider’s stock worth $1,515,491,000 after acquiring an additional 138,607 shares during the last quarter. Capital World Investors grew its holdings in Iron Mountain by 5.6% during the 3rd quarter. Capital World Investors now owns 34,241,200 shares of the financial services provider’s stock worth $1,182,006,000 after acquiring an additional 1,804,600 shares during the last quarter. BlackRock Inc. grew its holdings in Iron Mountain by 1.2% during the 4th quarter. BlackRock Inc. now owns 20,124,142 shares of the financial services provider’s stock worth $652,224,000 after acquiring an additional 231,023 shares during the last quarter. Cohen & Steers Inc. grew its holdings in Iron Mountain by 13.5% during the 3rd quarter. Cohen & Steers Inc. now owns 6,513,831 shares of the financial services provider’s stock worth $224,857,000 after acquiring an additional 775,629 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Iron Mountain by 45.8% during the 3rd quarter. Morgan Stanley now owns 4,508,612 shares of the financial services provider’s stock worth $155,638,000 after acquiring an additional 1,416,410 shares during the last quarter. 87.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of IRM traded down $0.03 during trading hours on Friday, hitting $36.51. The stock had a trading volume of 1,772,395 shares, compared to its average volume of 1,637,775. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.97 and a current ratio of 0.97. Iron Mountain has a 52 week low of $30.22 and a 52 week high of $37.32. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.84 and a beta of 0.71.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th will be issued a $0.611 dividend. This represents a $2.44 annualized dividend and a dividend yield of 6.69%. The ex-dividend date is Thursday, March 14th. Iron Mountain’s payout ratio is 114.55%.
About Iron Mountain
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 over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.
See Also: Stock Symbols and CUSIP Explained
No comments:
Post a Comment