New Age Alpha Advisors LLC Acquires Shares of 55,728 Iron Mountain Incorporated (NYSE:IRM)

New Age Alpha Advisors LLC purchased a new stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 55,728 shares of the financial services provider's stock, valued at approximately $5,858,000.

A number of other large investors have also made changes to their positions in IRM. Cerity Partners LLC increased its stake in Iron Mountain by 47.4% during the 3rd quarter. Cerity Partners LLC now owns 29,362 shares of the financial services provider's stock worth $3,489,000 after purchasing an additional 9,442 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Iron Mountain by 29.8% during the third quarter. Larson Financial Group LLC now owns 557 shares of the financial services provider's stock worth $66,000 after acquiring an additional 128 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Iron Mountain during the third quarter worth $271,000. Loomis Sayles & Co. L P lifted its position in Iron Mountain by 3,253.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 872 shares of the financial services provider's stock valued at $104,000 after acquiring an additional 846 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Iron Mountain by 2.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 209,648 shares of the financial services provider's stock worth $24,912,000 after purchasing an additional 4,150 shares during the period. Institutional investors own 80.13% of the company's stock.

Iron Mountain Stock Up 1.2 %

Shares of NYSE IRM traded up $1.04 during trading hours on Monday, hitting $86.14. The company had a trading volume of 2,368,331 shares, compared to its average volume of 1,765,926. The stock has a market capitalization of $25.30 billion, a P/E ratio of 141.21, a price-to-earnings-growth ratio of 5.15 and a beta of 1.04. Iron Mountain Incorporated has a 1-year low of $73.53 and a 1-year high of $130.24. The firm's 50 day moving average is $94.97 and its 200-day moving average is $108.31.

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

Iron Mountain Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Iron Mountain's previous quarterly dividend of $0.72. Iron Mountain's payout ratio is 514.75%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price target on Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Barclays cut their target price on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Iron Mountain from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $125.67.

Insider Buying and Selling at Iron Mountain

In related news, CEO William L. Meaney sold 172,552 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $91.33, for a total value of $15,759,174.16. Following the sale, the chief executive officer now owns 237,402 shares in the company, valued at approximately $21,681,924.66. This represents a 42.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William L. Meaney sold 69,131 shares of Iron Mountain stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total transaction of $7,248,385.35. The disclosure for this sale can be found here. Insiders have sold 318,979 shares of company stock worth $30,666,904 over the last 90 days. Company insiders own 2.10% of the company's stock.

About Iron Mountain

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.