Epoch Investment Partners Inc. Sells 106,736 Shares of Iron Mountain Incorporated (NYSE:IRM)

Epoch Investment Partners Inc. decreased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,579,482 shares of the financial services provider’s stock after selling 106,736 shares during the period. Epoch Investment Partners Inc. owned about 0.54% of Iron Mountain worth $141,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Iron Mountain in the 2nd quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Iron Mountain during the second quarter worth approximately $36,000. Headlands Technologies LLC bought a new stake in shares of Iron Mountain during the first quarter valued at approximately $38,000. Family Firm Inc. bought a new stake in shares of Iron Mountain during the second quarter valued at approximately $45,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Iron Mountain in the fourth quarter valued at approximately $36,000. 80.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $27,078,583.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Iron Mountain news, COO John Tomovcsik sold 2,866 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $105.00, for a total value of $300,930.00. Following the sale, the chief operating officer now owns 15,000 shares in the company, valued at approximately $1,575,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $91.59, for a total transaction of $1,453,991.25. Following the completion of the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $27,078,583.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,003 shares of company stock worth $3,352,406. 2.10% of the stock is currently owned by insiders.

Iron Mountain Stock Up 1.1 %

Shares of Iron Mountain stock opened at $115.36 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 674.63. The company has a market cap of $33.82 billion, a P/E ratio of 174.79, a PEG ratio of 6.85 and a beta of 1.00. The firm’s 50 day moving average price is $108.27 and its 200-day moving average price is $91.24. Iron Mountain Incorporated has a 52-week low of $56.51 and a 52-week high of $118.46.

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

Iron Mountain Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 16th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.86 dividend on an annualized basis and a yield of 2.48%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.65. Iron Mountain’s payout ratio is currently 433.33%.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company raised their price objective on Iron Mountain from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Stifel Nicolaus upped their price objective on shares of Iron Mountain from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. raised their target price on shares of Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their price target on shares of Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.83.

Iron Mountain Profile

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.