American Century Companies Inc. reduced its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 625,395 shares of the financial services provider's stock after selling 178,279 shares during the quarter. American Century Companies Inc. owned 0.21% of Iron Mountain worth $65,735,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Citigroup Inc. increased its holdings in Iron Mountain by 8.4% in the 3rd quarter. Citigroup Inc. now owns 268,389 shares of the financial services provider's stock valued at $31,893,000 after purchasing an additional 20,905 shares in the last quarter. Nwam LLC purchased a new stake in shares of Iron Mountain in the third quarter worth about $289,000. Cerity Partners LLC grew its stake in shares of Iron Mountain by 47.4% in the third quarter. Cerity Partners LLC now owns 29,362 shares of the financial services provider's stock valued at $3,489,000 after buying an additional 9,442 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Iron Mountain by 29.8% during the 3rd quarter. Larson Financial Group LLC now owns 557 shares of the financial services provider's stock valued at $66,000 after buying an additional 128 shares during the period. Finally, Summit Trail Advisors LLC acquired a new position in Iron Mountain during the 3rd quarter worth approximately $571,000. Institutional investors and hedge funds own 80.13% of the company's stock.
Insiders Place Their Bets
In other news, CEO William L. Meaney sold 172,552 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $91.33, for a total transaction of $15,759,174.16. Following the completion of the transaction, the chief executive officer now directly owns 237,402 shares of the company's stock, valued at approximately $21,681,924.66. This represents a 42.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 69,131 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total value of $7,248,385.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 318,979 shares of company stock valued at $30,666,904. Company insiders own 2.10% of the company's stock.
Iron Mountain Stock Performance
Shares of Iron Mountain stock traded down $0.44 during trading on Friday, reaching $85.07. The company had a trading volume of 1,293,278 shares, compared to its average volume of 1,763,517. Iron Mountain Incorporated has a fifty-two week low of $73.53 and a fifty-two week high of $130.24. The firm's fifty day moving average is $94.97 and its 200-day moving average is $108.35. The company has a market cap of $24.99 billion, a price-to-earnings ratio of 139.46, a price-to-earnings-growth ratio of 5.15 and a beta of 1.04.
Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.70). The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $0.52 EPS. On average, research analysts anticipate that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.
Iron Mountain Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.785 per share. This is a positive change from Iron Mountain's previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 17th. This represents a $3.14 annualized dividend and a yield of 3.69%. Iron Mountain's payout ratio is presently 514.75%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on IRM shares. Wells Fargo & Company dropped their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price target on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Barclays lowered their target price on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Finally, StockNews.com upgraded Iron Mountain from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $125.67.
View Our Latest Stock Report on IRM
Iron Mountain Profile
(
Free Report)
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.
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