10,188 Shares in Iron Mountain Incorporated (IRM) Acquired by Griffin Asset Management Inc.

Griffin Asset Management Inc. purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,188 shares of the financial services provider’s stock, valued at approximately $350,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IRM. Ameriprise Financial Inc. boosted its stake in shares of Iron Mountain by 14.7% during the 1st quarter. Ameriprise Financial Inc. now owns 173,017 shares of the financial services provider’s stock worth $6,180,000 after acquiring an additional 22,227 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Iron Mountain by 21.8% during the 1st quarter. OppenheimerFunds Inc. now owns 131,847 shares of the financial services provider’s stock worth $4,703,000 after acquiring an additional 23,617 shares in the last quarter. FMR LLC boosted its stake in shares of Iron Mountain by 6.0% during the 1st quarter. FMR LLC now owns 83,006 shares of the financial services provider’s stock worth $2,961,000 after acquiring an additional 4,683 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Iron Mountain by 4.8% during the 1st quarter. Teachers Advisors LLC now owns 349,944 shares of the financial services provider’s stock worth $12,483,000 after acquiring an additional 16,097 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Iron Mountain by 6.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 37,651 shares of the financial services provider’s stock worth $1,343,000 after acquiring an additional 2,396 shares in the last quarter. Institutional investors own 87.49% of the company’s stock.

Several research firms have recently issued reports on IRM. Stifel Nicolaus upped their price target on Iron Mountain from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday. Evercore ISI began coverage on Iron Mountain in a research note on Wednesday. They set an “outperform” rating and a $46.00 price target for the company. Zacks Investment Research downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Robert W. Baird set a $39.00 price target on Iron Mountain and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, BidaskClub upgraded Iron Mountain from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Iron Mountain presently has a consensus rating of “Buy” and an average target price of $40.40.

In related news, EVP John Tomovcsik sold 21,037 shares of Iron Mountain stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $40.02, for a total transaction of $841,900.74. Following the completion of the transaction, the executive vice president now owns 62,379 shares in the company, valued at $2,496,407.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Patrick J. Keddy sold 23,428 shares of Iron Mountain stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $39.04, for a total value of $914,629.12. The disclosure for this sale can be found here. Insiders have sold 76,329 shares of company stock valued at $2,969,441 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://ledgergazette.com/2017/10/20/10188-shares-in-iron-mountain-incorporated-irm-acquired-by-griffin-asset-management-inc.html.

Iron Mountain Incorporated (NYSE:IRM) traded up 0.32% during trading on Friday, hitting $41.09. The company had a trading volume of 168,415 shares. Iron Mountain Incorporated has a one year low of $30.75 and a one year high of $41.17. The stock has a market capitalization of $10.86 billion, a PE ratio of 56.36 and a beta of 0.91. The stock has a 50-day moving average of $39.49 and a 200-day moving average of $36.50.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Iron Mountain had a return on equity of 14.46% and a net margin of 5.14%. The business had revenue of $950.00 million during the quarter, compared to analysts’ expectations of $955.05 million. During the same quarter last year, the company posted $0.24 earnings per share. Iron Mountain’s quarterly revenue was up 7.5% on a ye

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IRM. Ameriprise Financial Inc. boosted its stake in shares of Iron Mountain by 14.7% during the 1st quarter. Ameriprise Financial Inc. now owns 173,017 shares of the financial services provider’s stock worth $6,180,000 after acquiring an additional 22,227 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Iron Mountain by 21.8% during the 1st quarter. OppenheimerFunds Inc. now owns 131,847 shares of the financial services provider’s stock worth $4,703,000 after acquiring an additional 23,617 shares in the last quarter. FMR LLC boosted its stake in shares of Iron Mountain by 6.0% during the 1st quarter. FMR LLC now owns 83,006 shares of the financial services provider’s stock worth $2,961,000 after acquiring an additional 4,683 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Iron Mountain by 4.8% during the 1st quarter. Teachers Advisors LLC now owns 349,944 shares of the financial services provider’s stock worth $12,483,000 after acquiring an additional 16,097 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Iron Mountain by 6.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 37,651 shares of the financial services provider’s stock worth $1,343,000 after acquiring an additional 2,396 shares in the last quarter. Institutional investors own 87.49% of the company’s stock.

Several research firms have recently issued reports on IRM. Stifel Nicolaus upped their price target on Iron Mountain from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday. Evercore ISI began coverage on Iron Mountain in a research note on Wednesday. They set an “outperform” rating and a $46.00 price target for the company. Zacks Investment Research downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Robert W. Baird set a $39.00 price target on Iron Mountain and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, BidaskClub upgraded Iron Mountain from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Iron Mountain presently has a consensus rating of “Buy” and an average target price of $40.40.

In related news, EVP John Tomovcsik sold 21,037 shares of Iron Mountain stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $40.02, for a total transaction of $841,900.74. Following the completion of the transaction, the executive vice president now owns 62,379 shares in the company, valued at $2,496,407.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Patrick J. Keddy sold 23,428 shares of Iron Mountain stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $39.04, for a total value of $914,629.12. The disclosure for this sale can be found here. Insiders have sold 76,329 shares of company stock valued at $2,969,441 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://ledgergazette.com/2017/10/20/10188-shares-in-iron-mountain-incorporated-irm-acquired-by-griffin-asset-management-inc.html.

Iron Mountain Incorporated (NYSE:IRM) traded up 0.32% during trading on Friday, hitting $41.09. The company had a trading volume of 168,415 shares. Iron Mountain Incorporated has a one year low of $30.75 and a one year high of $41.17. The stock has a market capitalization of $10.86 billion, a PE ratio of 56.36 and a beta of 0.91. The stock has a 50-day moving average of $39.49 and a 200-day moving average of $36.50.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Iron Mountain had a return on equity of 14.46% and a net margin of 5.14%. The business had revenue of $950.00 million during the quarter, compared to analysts’ expectations of $955.05 million. During the same quarter last year, the company posted $0.24 earnings per share. Iron Mountain’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Iron Mountain Incorporated will post $1.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Thursday, September 14th. Iron Mountain’s payout ratio is currently 297.30%.

About Iron Mountain

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.

Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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