Janus Henderson Group PLC Has $11.26 Million Position in Iron Mountain Inc (IRM)

Janus Henderson Group PLC increased its stake in shares of Iron Mountain Inc (NYSE:IRM) by 30.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 317,494 shares of the financial services provider’s stock after buying an additional 73,926 shares during the quarter. Janus Henderson Group PLC’s holdings in Iron Mountain were worth $11,258,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IRM. Man Group plc acquired a new position in shares of Iron Mountain during the third quarter valued at $501,000. Legal & General Group Plc increased its holdings in shares of Iron Mountain by 1.7% during the third quarter. Legal & General Group Plc now owns 1,293,652 shares of the financial services provider’s stock valued at $44,657,000 after purchasing an additional 22,119 shares during the period. Morgan Stanley increased its holdings in shares of Iron Mountain by 45.8% during the third quarter. Morgan Stanley now owns 4,508,612 shares of the financial services provider’s stock valued at $155,638,000 after purchasing an additional 1,416,410 shares during the period. Vanguard Group Inc increased its holdings in shares of Iron Mountain by 0.3% during the third quarter. Vanguard Group Inc now owns 43,901,848 shares of the financial services provider’s stock valued at $1,515,491,000 after purchasing an additional 138,607 shares during the period. Finally, DNB Asset Management AS increased its holdings in shares of Iron Mountain by 68.1% during the fourth quarter. DNB Asset Management AS now owns 48,142 shares of the financial services provider’s stock valued at $1,560,000 after purchasing an additional 19,500 shares during the period. 87.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of IRM stock opened at $32.36 on Friday. Iron Mountain Inc has a fifty-two week low of $30.22 and a fifty-two week high of $37.32. The stock has a market cap of $9.17 billion, a P/E ratio of 14.07, a PEG ratio of 3.08 and a beta of 0.63. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 4.75.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.05). Iron Mountain had a net margin of 8.22% and a return on equity of 19.61%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business earned $0.48 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Iron Mountain Inc will post 2.24 EPS for the current fiscal year.

In related news, CFO Stuart B. Brown sold 2,200 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $31.65, for a total value of $69,630.00. Following the completion of the transaction, the chief financial officer now owns 18,525 shares in the company, valued at approximately $586,316.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ernest W. Cloutier sold 46,014 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $36.41, for a total value of $1,675,369.74. Following the completion of the transaction, the executive vice president now owns 109,757 shares of the company’s stock, valued at approximately $3,996,252.37. The disclosure for this sale can be found here. Insiders sold a total of 71,318 shares of company stock valued at $2,561,785 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.

A number of research analysts have recently commented on IRM shares. Robert W. Baird set a $34.00 price target on Iron Mountain and gave the company a “hold” rating in a report on Friday, February 15th. Mitsubishi UFJ Financial Group raised their target price on Iron Mountain to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, February 20th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Iron Mountain in a research note on Tuesday, February 19th. ValuEngine cut Iron Mountain from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, TheStreet cut Iron Mountain from a “b-” rating to a “c+” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $35.13.

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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 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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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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