Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Trimmed by Global Retirement Partners LLC

Global Retirement Partners LLC lowered its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,345 shares of the financial services provider’s stock after selling 1,507 shares during the period. Global Retirement Partners LLC’s holdings in Iron Mountain were worth $772,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Key Financial Inc raised its stake in Iron Mountain by 25,100.0% during the 4th quarter. Key Financial Inc now owns 252 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 251 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Iron Mountain in the 3rd quarter worth $31,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Iron Mountain in the 3rd quarter worth $36,000. Dunhill Financial LLC raised its stake in shares of Iron Mountain by 50.5% in the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after buying an additional 152 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Iron Mountain by 104.8% in the 4th quarter. Venturi Wealth Management LLC now owns 514 shares of the financial services provider’s stock worth $54,000 after buying an additional 263 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Down 1.9 %

Shares of IRM stock opened at $91.77 on Friday. Iron Mountain Incorporated has a 1-year low of $70.00 and a 1-year high of $130.24. The company has a market capitalization of $26.96 billion, a price-to-earnings ratio of 150.44, a P/E/G ratio of 5.15 and a beta of 1.01. The stock’s fifty day simple moving average is $103.50 and its 200-day simple moving average is $112.34.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.70). Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, sell-side analysts predict that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.785 per share. This is an increase from Iron Mountain’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.42%. Iron Mountain’s payout ratio is currently 468.85%.

Insider Activity

In other Iron Mountain news, CEO William L. Meaney sold 15,872 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mithu Bhargava sold 8,263 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $104.49, for a total value of $863,400.87. Following the completion of the transaction, the executive vice president now owns 13,054 shares in the company, valued at $1,364,012.46. This trade represents a 38.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,391 shares of company stock worth $16,805,912. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Barclays dropped their price objective on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. StockNews.com downgraded Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on Iron Mountain from $125.00 to $112.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company cut their target price on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.67.

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.