Iron Mountain (NYSE:IRM) Lowered to Sell at StockNews.com

Iron Mountain (NYSE:IRM – Get Rating) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Other research analysts have also recently issued research reports about the company. Barclays boosted their price target on Iron Mountain from $56.00 to $64.00 in a research note on Friday, May 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $58.00 target price on shares of Iron Mountain in a report on Monday, March 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $55.36 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 19.91. The stock’s 50-day moving average is $53.34 and its 200 day moving average is $52.80. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 3.65 and a beta of 0.91. Iron Mountain has a 1-year low of $43.33 and a 1-year high of $57.21.

Iron Mountain (NYSE:IRM – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.46). Iron Mountain had a return on equity of 88.48% and a net margin of 11.20%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. Iron Mountain’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Iron Mountain will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling at Iron Mountain

In related news, CEO William L. Meaney sold 62,904 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $52.78, for a total value of $3,320,073.12. Following the completion of the transaction, the chief executive officer now owns 376,320 shares of the company’s stock, valued at approximately $19,862,169.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Iron Mountain news, CEO William L. Meaney sold 17,766 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $52.43, for a total transaction of $931,471.38. Following the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at $15,500,929.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 62,904 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $52.78, for a total value of $3,320,073.12. Following the completion of the sale, the chief executive officer now owns 376,320 shares in the company, valued at $19,862,169.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,552 shares of company stock worth $5,214,181. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Iron Mountain

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. grew its holdings in shares of Iron Mountain by 13.0% during the first quarter. Centaurus Financial Inc. now owns 6,746 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 777 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Iron Mountain by 1.3% during the 1st quarter. Advisory Services Network LLC now owns 25,659 shares of the financial services provider’s stock valued at $1,358,000 after acquiring an additional 341 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Iron Mountain by 70.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 993,066 shares of the financial services provider’s stock valued at $52,542,000 after acquiring an additional 410,773 shares during the period. Chevy Chase Trust Holdings LLC lifted its position in shares of Iron Mountain by 1.0% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 168,940 shares of the financial services provider’s stock valued at $8,939,000 after acquiring an additional 1,733 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of Iron Mountain by 114.1% during the 1st quarter. Thrivent Financial for Lutherans now owns 123,135 shares of the financial services provider’s stock worth $6,506,000 after purchasing an additional 65,612 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

About Iron Mountain

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Iron Mountain, Inc engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business.