Roman Butler Fullerton & Co. Grows Holdings in Iron Mountain Inc (NYSE:IRM)

Roman Butler Fullerton & Co. raised its position in Iron Mountain Inc (NYSE:IRM) by 3.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,462 shares of the financial services provider’s stock after buying an additional 661 shares during the period. Roman Butler Fullerton & Co.’s holdings in Iron Mountain were worth $703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management increased its holdings in Iron Mountain by 178.3% in the fourth quarter. Financial Advocates Investment Management now owns 835 shares of the financial services provider’s stock valued at $25,000 after buying an additional 535 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Iron Mountain by 194.2% during the second quarter. Valeo Financial Advisors LLC now owns 1,062 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 701 shares in the last quarter. Executive Wealth Management LLC increased its stake in shares of Iron Mountain by 96.9% during the first quarter. Executive Wealth Management LLC now owns 1,014 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 499 shares in the last quarter. Bremer Bank National Association purchased a new stake in shares of Iron Mountain during the first quarter worth about $36,000. Finally, Secrest Blakey & Associates LLC purchased a new stake in shares of Iron Mountain during the first quarter worth about $37,000. 87.48% of the stock is owned by institutional investors.

IRM traded up $0.78 on Friday, reaching $31.61. 3,253,097 shares of the company’s stock were exchanged, compared to its average volume of 2,640,476. The firm has a market capitalization of $8.57 billion, a PE ratio of 13.74, a PEG ratio of 4.11 and a beta of 0.61. Iron Mountain Inc has a twelve month low of $29.28 and a twelve month high of $37.32. The business has a fifty day moving average price of $30.99. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 4.75.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Iron Mountain had a net margin of 8.22% and a return on equity of 19.61%. Iron Mountain’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. Analysts expect that Iron Mountain Inc will post 2.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Monday, September 16th will be given a dividend of $0.611 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.44 dividend on an annualized basis and a yield of 7.73%. Iron Mountain’s payout ratio is presently 106.09%.

IRM has been the subject of a number of research reports. Wells Fargo & Co initiated coverage on shares of Iron Mountain in a research note on Wednesday, July 10th. They set an “outperform” rating and a $31.60 target price for the company. ValuEngine cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Bank of America cut shares of Iron Mountain from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $33.00 to $25.00 in a research note on Thursday, July 11th. Finally, TheStreet cut shares of Iron Mountain from a “b-” rating to a “c+” rating in a research note on Tuesday, May 14th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.96.

In related news, Director Walter C. Rakowich sold 2,024 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $31.47, for a total transaction of $63,695.28. Following the transaction, the director now directly owns 23,360 shares in the company, valued at $735,139.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

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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