Toronto Dominion Bank Acquires 86,475 Shares of Iron Mountain Inc (IRM)

Toronto Dominion Bank grew its holdings in shares of Iron Mountain Inc (NYSE:IRM) by 47.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 267,678 shares of the financial services provider’s stock after acquiring an additional 86,475 shares during the quarter. Toronto Dominion Bank’s holdings in Iron Mountain were worth $9,489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. raised its position in Iron Mountain by 24.2% in the 4th quarter. Bessemer Group Inc. now owns 1,723 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 336 shares during the period. American International Group Inc. raised its position in Iron Mountain by 0.4% in the 4th quarter. American International Group Inc. now owns 106,570 shares of the financial services provider’s stock worth $3,454,000 after purchasing an additional 372 shares during the period. Oregon Public Employees Retirement Fund raised its position in Iron Mountain by 1.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 31,155 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 387 shares during the period. NTV Asset Management LLC raised its position in Iron Mountain by 6.2% in the 1st quarter. NTV Asset Management LLC now owns 6,900 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 400 shares during the period. Finally, Mackenzie Financial Corp raised its position in Iron Mountain by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 8,505 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 473 shares during the period. Hedge funds and other institutional investors own 87.82% of the company’s stock.

IRM stock traded down $0.39 during mid-day trading on Monday, reaching $31.70. The company had a trading volume of 18,147 shares, compared to its average volume of 3,082,406. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $9.21 billion, a P/E ratio of 13.77, a P/E/G ratio of 3.09 and a beta of 0.63. Iron Mountain Inc has a 12 month low of $30.22 and a 12 month high of $37.32.



Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.05). The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. Iron Mountain had a return on equity of 19.61% and a net margin of 8.22%. Iron Mountain’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, research analysts expect that Iron Mountain Inc will post 2.24 EPS for the current fiscal year.

A number of research firms recently weighed in on IRM. Zacks Investment Research lowered shares of Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Robert W. Baird lowered shares of Iron Mountain from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $34.00 to $27.00 in a research report on Friday, April 26th. TheStreet lowered shares of Iron Mountain from a “b-” rating to a “c+” rating in a research report on Tuesday, May 14th. ValuEngine lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Iron Mountain in a research report on Tuesday, February 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Iron Mountain presently has an average rating of “Hold” and a consensus target price of $35.13.

In other Iron Mountain news, SVP Edward Bicks sold 2,922 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $36.55, for a total value of $106,799.10. Following the transaction, the senior vice president now directly owns 2,922 shares in the company, valued at approximately $106,799.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stuart B. Brown sold 2,200 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $31.65, for a total transaction of $69,630.00. Following the completion of the transaction, the chief financial officer now owns 18,525 shares in the company, valued at $586,316.25. The disclosure for this sale can be found here. Insiders sold a total of 71,318 shares of company stock worth $2,561,785 over the last 90 days. Insiders own 1.90% of the company’s stock.

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

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