Roman Butler Fullerton & Co. Has $1.11 Million Position in Iron Mountain Incorporated (NYSE:IRM)

Roman Butler Fullerton & Co. lowered its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,393 shares of the financial services provider’s stock after selling 458 shares during the period. Roman Butler Fullerton & Co.’s holdings in Iron Mountain were worth $1,108,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IRM. Moneta Group Investment Advisors LLC bought a new stake in Iron Mountain during the fourth quarter worth about $224,698,000. Wellington Management Group LLP raised its holdings in shares of Iron Mountain by 315.2% during the third quarter. Wellington Management Group LLP now owns 3,012,260 shares of the financial services provider’s stock worth $179,079,000 after acquiring an additional 2,286,711 shares during the period. Norges Bank acquired a new stake in shares of Iron Mountain during the fourth quarter worth $97,752,000. Daiwa Securities Group Inc. raised its holdings in shares of Iron Mountain by 60.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock worth $285,960,000 after acquiring an additional 1,546,592 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Iron Mountain by 214.7% during the third quarter. Ameriprise Financial Inc. now owns 1,727,813 shares of the financial services provider’s stock worth $103,744,000 after acquiring an additional 1,178,754 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Buying and Selling

In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $67.43, for a total transaction of $134,860.00. Following the transaction, the executive vice president now owns 48,026 shares in the company, valued at approximately $3,238,393.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $76.68, for a total value of $1,217,295.00. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $22,670,442. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $67.43, for a total value of $134,860.00. Following the sale, the executive vice president now owns 48,026 shares of the company’s stock, valued at $3,238,393.18. The disclosure for this sale can be found here. Insiders have sold a total of 164,124 shares of company stock worth $12,698,221 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Iron Mountain Stock Performance

NYSE:IRM traded down $0.15 on Thursday, reaching $75.00. 77,432 shares of the company’s stock were exchanged, compared to its average volume of 1,424,681. The stock has a fifty day simple moving average of $76.31 and a 200-day simple moving average of $68.47. The company has a debt-to-equity ratio of 55.78, a current ratio of 0.78 and a quick ratio of 0.78. Iron Mountain Incorporated has a 52 week low of $52.05 and a 52 week high of $82.19. The firm has a market cap of $21.92 billion, a price-to-earnings ratio of 119.29, a P/E/G ratio of 4.49 and a beta of 0.94.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.48). Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts predict that Iron Mountain Incorporated will post 4.16 earnings per share for the current year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Thursday, March 14th. Iron Mountain’s dividend payout ratio is presently 412.70%.

Wall Street Analysts Forecast Growth

IRM has been the subject of a number of analyst reports. TheStreet downgraded shares of Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Stifel Nicolaus lifted their target price on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Wells Fargo & Company lifted their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Finally, Barclays boosted their target price on shares of Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.80.

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.