Neuburgh Advisers LLC Increases Position in Iron Mountain (IRM)

Neuburgh Advisers LLC lifted its holdings in Iron Mountain (NYSE:IRM) by 175.4% in the first quarter, HoldingsChannel reports. The firm owned 49,810 shares of the financial services provider’s stock after buying an additional 31,722 shares during the quarter. Neuburgh Advisers LLC’s holdings in Iron Mountain were worth $1,637,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Centersquare Investment Management LLC acquired a new position in shares of Iron Mountain in the first quarter valued at approximately $136,962,000. Thompson Siegel & Walmsley LLC lifted its stake in Iron Mountain by 73.5% in the first quarter. Thompson Siegel & Walmsley LLC now owns 1,468,946 shares of the financial services provider’s stock worth $48,269,000 after acquiring an additional 622,287 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Iron Mountain by 40.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 35,000 shares of the financial services provider’s stock worth $1,150,000 after acquiring an additional 10,000 shares during the last quarter. LS Investment Advisors LLC lifted its stake in Iron Mountain by 15.0% in the first quarter. LS Investment Advisors LLC now owns 12,849 shares of the financial services provider’s stock worth $422,000 after acquiring an additional 1,674 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Iron Mountain by 42.5% in the first quarter. Thrivent Financial for Lutherans now owns 153,107 shares of the financial services provider’s stock worth $5,031,000 after acquiring an additional 45,658 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

A number of research analysts recently issued reports on IRM shares. Zacks Investment Research upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Tuesday, April 24th. Goldman Sachs started coverage on shares of Iron Mountain in a research note on Tuesday, March 27th. They issued a “buy” rating and a $41.00 price target for the company. Stifel Nicolaus decreased their price target on shares of Iron Mountain from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, February 20th. Finally, ValuEngine downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Iron Mountain presently has an average rating of “Hold” and a consensus target price of $39.33.

Shares of NYSE:IRM opened at $32.05 on Friday. The company has a market cap of $9.33 billion, a PE ratio of 15.05 and a beta of 0.81. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 3.55. Iron Mountain has a twelve month low of $32.72 and a twelve month high of $33.18.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Iron Mountain had a net margin of 4.31% and a return on equity of 14.96%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. equities research analysts forecast that Iron Mountain will post 2.08 EPS for the current year.

In other news, EVP Theodore Maclean sold 1,076 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $32.30, for a total transaction of $34,754.80. Following the completion of the sale, the executive vice president now owns 6,367 shares in the company, valued at approximately $205,654.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alfred J. Verrecchia acquired 5,000 shares of Iron Mountain stock in a transaction dated Tuesday, February 20th. The shares were bought at an average price of $32.49 per share, with a total value of $162,450.00. The disclosure for this purchase can be found here. Insiders have sold a total of 35,197 shares of company stock valued at $1,152,896 in the last 90 days. Insiders own 1.50% of the company’s stock.

Iron Mountain 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 over 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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