Iron Mountain Incorporated (IRM) recently witnessed different financial entities acquiring its shares, including V Square Quantitative Management and Creekmur Asset Management. It posted its Q1 2024 earnings and surpassed Q4 FFO and revenue estimates. The company also reported record revenues and adjusted EBITDA for Q4 and the full year of 2023. However, Iron Mountain's stock had underperformed in comparison to competitors on a few occasions. Despite this, the stock had set new 12-month highs ($89.80) and outpaced stock market gains. The stock holdings of Iron Mountain were raised by various entities including Cohen & Steers Inc, Ossiam and Sei Investments Co. Director Wendy Murdock and CEO William L. Meaney sold a substantial number of stocks. Despite this, Northern Trust Corp and KBC Group NV bought shares while The Manufacturers Life Insurance Company increased its holding. Iron Mountain is considered to be apt for growth investment and also achieved solid ratings. The company continues to boost its ALM business and even completed the acquisition of Regency Technologies.
Iron Mountain IRM News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 16 Jun 2024 21:43:45 GMT -
Rating 7
- Innovation 4
- Information 6
- Rumor -5
