Winfield Associates Inc. Purchases 900 Shares of Iron Mountain Incorporated (NYSE:IRM)

Winfield Associates Inc. increased its position in Iron Mountain Incorporated (NYSE:IRM) by 7.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,780 shares of the financial services provider’s stock after acquiring an additional 900 shares during the quarter. Winfield Associates Inc.’s holdings in Iron Mountain were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Iron Mountain by 50.3% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 69,177 shares of the financial services provider’s stock worth $2,928,000 after acquiring an additional 23,158 shares during the period. State of Alaska Department of Revenue grew its holdings in Iron Mountain by 16.5% during the third quarter. State of Alaska Department of Revenue now owns 192,732 shares of the financial services provider’s stock valued at $8,373,000 after purchasing an additional 27,279 shares during the period. PGGM Investments grew its holdings in Iron Mountain by 12.5% during the second quarter. PGGM Investments now owns 382,308 shares of the financial services provider’s stock valued at $16,179,000 after purchasing an additional 42,534 shares during the period. Vancity Investment Management Ltd bought a new stake in Iron Mountain during the second quarter valued at about $8,342,000. Finally, Bank of Montreal Can grew its holdings in Iron Mountain by 80.6% during the second quarter. Bank of Montreal Can now owns 415,045 shares of the financial services provider’s stock valued at $17,877,000 after purchasing an additional 185,231 shares during the period. 78.22% of the stock is owned by institutional investors.

In other Iron Mountain news, CAO Daniel Borges sold 1,860 shares of the stock in a transaction on Thursday, September 9th. The stock was sold at an average price of $48.20, for a total transaction of $89,652.00. Following the sale, the chief accounting officer now owns 1,860 shares of the company’s stock, valued at approximately $89,652. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John Tomovcsik sold 29,037 shares of the stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $48.72, for a total value of $1,414,682.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,914 shares of company stock worth $1,552,078. Insiders own 2.10% of the company’s stock.

Shares of IRM traded up $0.62 during mid-day trading on Thursday, reaching $47.47. 798,239 shares of the company’s stock traded hands, compared to its average volume of 2,297,510. The stock has a market cap of $13.74 billion, a P/E ratio of 21.58 and a beta of 0.78. The stock’s 50-day moving average is $45.57 and its two-hundred day moving average is $44.99. Iron Mountain Incorporated has a 12 month low of $26.24 and a 12 month high of $49.58. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.69 and a quick ratio of 0.69.

Iron Mountain (NYSE:IRM) last released its earnings results on Thursday, November 4th. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.30). The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Iron Mountain had a net margin of 14.48% and a return on equity of 53.63%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. Research analysts predict that Iron Mountain Incorporated will post 2.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 6th. Stockholders of record on Wednesday, December 15th will be paid a dividend of $0.6185 per share. This is a boost from Iron Mountain’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, December 14th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 5.21%. Iron Mountain’s dividend payout ratio is currently 112.27%.

Separately, Zacks Investment Research upgraded Iron Mountain from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, August 10th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $36.75.

Iron Mountain Profile

Iron Mountain, Inc engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business.

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

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