DekaBank Deutsche Girozentrale Has $897,000 Stake in Iron Mountain Inc (IRM)

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DekaBank Deutsche Girozentrale grew its holdings in shares of Iron Mountain Inc (NYSE:IRM) by 10.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,600 shares of the financial services provider’s stock after acquiring an additional 2,143 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Iron Mountain were worth $897,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IRM. BlackRock Inc. raised its stake in shares of Iron Mountain by 2.6% during the third quarter. BlackRock Inc. now owns 19,893,119 shares of the financial services provider’s stock valued at $686,710,000 after acquiring an additional 509,524 shares during the last quarter. AXA increased its position in shares of Iron Mountain by 1,856.0% during the third quarter. AXA now owns 365,064 shares of the financial services provider’s stock worth $12,602,000 after buying an additional 346,400 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of Iron Mountain by 21.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,787,952 shares of the financial services provider’s stock worth $62,596,000 after buying an additional 319,006 shares during the period. Moody National Bank Trust Division increased its position in shares of Iron Mountain by 1,004.4% during the third quarter. Moody National Bank Trust Division now owns 204,475 shares of the financial services provider’s stock worth $7,059,000 after buying an additional 185,960 shares during the period. Finally, Summit Global Investments acquired a new stake in shares of Iron Mountain during the second quarter worth $5,579,000. 88.17% of the stock is owned by hedge funds and other institutional investors.

IRM opened at $34.05 on Friday. Iron Mountain Inc has a twelve month low of $30.22 and a twelve month high of $40.75. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.18. The firm has a market cap of $9.71 billion, a PE ratio of 15.99, a PEG ratio of 2.83 and a beta of 0.77.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Iron Mountain had a net margin of 5.49% and a return on equity of 14.71%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. As a group, research analysts anticipate that Iron Mountain Inc will post 2.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Monday, December 17th will be issued a $0.611 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 7.18%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.59. The ex-dividend date is Friday, December 14th. Iron Mountain’s dividend payout ratio (DPR) is presently 110.33%.

Several research firms have recently weighed in on IRM. Zacks Investment Research cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America began coverage on shares of Iron Mountain in a research report on Tuesday, November 20th. They set a “neutral” rating and a $34.00 price objective for the company. ValuEngine upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Barclays decreased their price objective on shares of Iron Mountain from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 30th. Finally, Stifel Nicolaus cut shares of Iron Mountain from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $34.00 in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $37.00.

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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 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: Fundamental Analysis

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

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