Vanguard Personalized Indexing Management LLC Purchases 2,393 Shares of Iron Mountain Incorporated (NYSE:IRM)

Vanguard Personalized Indexing Management LLC raised its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 14.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,998 shares of the financial services provider’s stock after acquiring an additional 2,393 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Iron Mountain were worth $1,703,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Iron Mountain during the second quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Iron Mountain during the 2nd quarter worth about $36,000. Headlands Technologies LLC bought a new position in shares of Iron Mountain during the 1st quarter worth about $38,000. Family Firm Inc. bought a new position in shares of Iron Mountain during the 2nd quarter worth about $45,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Iron Mountain during the 4th quarter worth about $36,000. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Up 1.1 %

IRM opened at $115.36 on Friday. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.79 and a quick ratio of 0.79. Iron Mountain Incorporated has a fifty-two week low of $56.51 and a fifty-two week high of $118.46. The firm has a market capitalization of $33.82 billion, a PE ratio of 174.79, a P/E/G ratio of 6.85 and a beta of 1.00. The company’s 50-day moving average is $108.27 and its 200 day moving average is $91.24.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.59). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. Iron Mountain had a return on equity of 595.44% and a net margin of 3.94%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, research analysts predict that Iron Mountain Incorporated will post 4.17 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 16th will be paid a $0.715 dividend. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.86 annualized dividend and a yield of 2.48%. Iron Mountain’s dividend payout ratio (DPR) is 433.33%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $91.59, for a total value of $1,453,991.25. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $27,078,583.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, COO John Tomovcsik sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer now owns 17,866 shares in the company, valued at approximately $1,786,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $91.59, for a total transaction of $1,453,991.25. Following the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $27,078,583.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,003 shares of company stock worth $3,352,406. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on IRM shares. The Goldman Sachs Group increased their price objective on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus increased their price objective on shares of Iron Mountain from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company increased their price objective on shares of Iron Mountain from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.83.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.