According to the most recent disclosure that Adell Harriman & Carpenter Inc. has made with the SEC, the company increased its stake in Iron Mountain Incorporated (NYSE: IRM) by 4.8% during the third quarter of 2015. The company provided this information. During the period in question, the company increased the total number of shares of the financial services provider’s stock owned to 307,293 after purchasing an additional 14,095 shares. Iron Mountain is one of the holdings owned by Adell Harriman & Carpenter Inc., and the investment makes up approximately 1.6% of the company’s total holdings. Iron Mountain is the 18th largest holding held by the company. According to the most recent document that Adell Harriman & Carpenter Inc. submitted to the SEC, the company owned approximately 0.11% of Iron Mountain, valued at $13,512,000.
Institutional investors and hedge funds have made additional purchases and sales of stock. The percentage of Iron Mountain shares that State Street Corporation owned increased by 1.9% during the second quarter after the company invested in the company. Following the purchase of an additional 274,095 shares during the reporting period, State Street Corp. now holds 14,896,104 shares of the stock held by the financial services provider. The current value of these shares is $734,333,000. In the second quarter, Amundi increased its stake in Iron Mountain by purchasing an additional 4.5% of its shares. Amundi has acquired 3,689,155 shares of stock in the financial services company. The value of these shares as of right now is $177,360,000. This is due to purchasing of an additional 160,397 shares during the above period. During the first three months of 2018, Charles Schwab Investment Management Inc. increased the percentage of shares in Iron Mountain in which it was invested by 3.0%. Charles Schwab Investment Management Inc. now has a total of 3,566,592 shares of the financial services provider’s stock after making an additional purchase of 103,470 shares during the period. The stock is currently valued at $197,625,000. During the second quarter of the financial year, Pictet Asset Management SA increased the percentage of Iron Mountain shares it owned by 67.9%.
After purchasing 1,159,261 shares during the quarter, Pictet Asset Management SA now owns 2,866,745 shares of the financial services provider’s stock, which has a value of $139,582,000. The company acquired these shares. Because of this, the total number of shares that Pictet Asset Management SA owns now amounts to 3,035,421. During the second quarter, Legal & General Group Plc achieved a 3.9% increase in the proportion of Iron Mountain shares it owned. This brings us to the last point we will discuss. Legal & General Group Plc increased its holdings in the financial services provider’s stock by purchasing an additional 78,238 shares during the period covered by this report, bringing its total number of shares to 2,092,091, which are currently valued at $101,864,000. Institutional investors are the ones who own the company’s stock, and they account for 77.12% of the company’s total equity.
On Thursday at noon, the price of a share of Iron Mountain fell $0.63, reaching $51.44 in the market. Compared to the usual trade volume (1,375,389), only 5,076 shares of the company’s stock were exchanged. While the current ratio is 0.90 and the quick ratio is also 0.90, the debt-to-equity ratio comes in at 19.16. In addition, the current and quick ratios come in at 0.90. Iron Mountain Incorporated hit a low point over the past year of operations of $41.67, while the company reached a 52-week high of $58.61. The stock’s moving average over the past 50 days is $52.26; over the past 200 days, it has been $50.58. The company has a beta coefficient of 0.86, a market capitalization of $14.95 billion, a price-to-earnings ratio of 30.81, and a price-to-earnings-to-growth ratio of 3.45.
In addition, the business disclosed that it would be paying a quarterly dividend, which, after being validated as legitimate, was done so on January 5. On December 15 December 15, $0.618 dividend payments per share were made to shareholders who were recognized in the company’s books as having ownership of the business. An annualized calculation suggests that this translates to a dividend payment of $2.47 and a yield of 4.81%. As of December 14 December 14, it was considered that this dividend had been paid out in its entirety. Iron Mountain’s dividend payout ratio (DPR) is currently at a level of 146.15 percent as of the date of this article.
The company’s shares have recently been the subject of commentary from analysts who focus on providing analysis in the field of equities. Evercore ISI stated in a research note released on Tuesday, November 15, that they have decreased their price objective on Iron Mountain stock to $600.00. This information was included in the note. On Wednesday, December 14 December 14, BNP Paribas released a research note that marked the beginning of the firm’s coverage of shares of Iron Mountain. They assigned the business the rating of “outperform,” and the price target was established at $66,000. Exane On Wednesday, December 14 December 14, BNP Paribas released a research note that marked the beginning of the firm’s coverage of shares of Iron Mountain. They gave the business an “outperform” rating across the board. StockNews.com started providing coverage on shares of Iron Mountain in a research report published on Wednesday, October 12. They recommended that shareholders “hold” their shares of the company. The Royal Bank of Canada published a research note on December 16 in which they assumed coverage of Iron Mountain shares. This was the last, but not the least, significant event. They gave the business an overall “sector performed” grade and determined that the price objective should be $58.00. One equity research analyst suggested that investors sell the stock; two other analysts recommended that investors hold onto the stock; and four analysts gave the stock a buy rating. According to the data from Bloomberg.com, the company is currently rated as having an average “Hold” rating, and its average price target is $54.00.
In other Iron Mountain-related news, Executive Vice President Deborah Marson sold 1,125 of the company’s shares on November 9. The shares were sold on the open market for a total of $50.18 per share, which brings the transaction to $56,452.50. As a result of the completion of the sale, the executive vice president was able to purchase a total of 48,032 shares in the company. Based on the current market price, these shares have a value of approximately $2,410,245.76. If you click on this link, you will be taken to a legal filing that was made with the SEC, which will give you more information regarding the transaction and take you there immediately. In related news, on January 12, William L. Meaney, Chief Executive Officer of the company, sold 10,507 shares of the company’s stock. This was reported in another piece of recent news. The total amount of money obtained from the sale of the shares was 543,842.32 dollars, which equates to a price of $51.76 for each share. Following the transaction’s conclusion, the company’s chief executive officer now directly owns 295,650 shares of the corporation, the total value of which is approximately 15,302,844 dollars. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction. Deborah Marson, the company’s Executive Vice President, sold an additional 1,125 shares of the company’s stock on November 9. The shares were sold on the open market for a total of $50.18 per share, which brings the transaction to $56,452.50. Following the successful conclusion of the transaction, the executive vice president was awarded direct ownership of a total of 48,032 shares in the company. The shares have an estimated value of $2,410,245.76 at present. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company sold 34,896 shares during the preceding three months, resulting in a total sale price of $1,798,205. 2.10 employees and other company insiders currently hold a percent of the company’s ownership.