Amundi Sells 184,896 Shares of Iron Mountain Incorporated (NYSE:IRM)

Amundi cut its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,438,801 shares of the financial services provider's stock after selling 184,896 shares during the quarter. Amundi owned about 0.49% of Iron Mountain worth $147,981,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC bought a new position in Iron Mountain during the fourth quarter worth $26,000. Key Financial Inc boosted its position in Iron Mountain by 25,100.0% during the fourth quarter. Key Financial Inc now owns 252 shares of the financial services provider's stock worth $26,000 after purchasing an additional 251 shares during the period. Ashton Thomas Securities LLC bought a new position in Iron Mountain during the third quarter worth $31,000. Teachers Insurance & Annuity Association of America bought a new position in Iron Mountain during the third quarter worth $36,000. Finally, Dunhill Financial LLC boosted its position in Iron Mountain by 50.5% during the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider's stock worth $54,000 after purchasing an additional 152 shares during the period. 80.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on IRM. Wells Fargo & Company reduced their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada lifted their target price on Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Barclays dropped their target price on Iron Mountain from $131.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com raised Iron Mountain from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Iron Mountain has a consensus rating of "Buy" and an average target price of $127.67.

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Iron Mountain Price Performance

IRM stock traded up $1.58 during midday trading on Friday, reaching $86.68. The company had a trading volume of 1,765,041 shares, compared to its average volume of 1,676,742. The company has a market capitalization of $25.46 billion, a price-to-earnings ratio of 142.09, a price-to-earnings-growth ratio of 5.15 and a beta of 1.04. The stock has a 50 day moving average price of $99.06 and a 200-day moving average price of $110.45. Iron Mountain Incorporated has a 1-year low of $73.53 and a 1-year high of $130.24.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.58 billion during 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 period last year, the firm earned $0.52 EPS. As a group, research analysts anticipate that Iron Mountain Incorporated will post 4.54 earnings per share for the current 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 an increase 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 3.62%. Iron Mountain's payout ratio is presently 514.75%.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 172,552 shares of the business's stock in a transaction dated 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 owns 237,402 shares of the company's stock, valued at approximately $21,681,924.66. The trade was a 42.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Daniel Borges sold 6,433 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $92.84, for a total value of $597,239.72. Following the transaction, the chief accounting officer now directly owns 288 shares of the company's stock, valued at approximately $26,737.92. The trade was a 95.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 327,242 shares of company stock valued at $31,530,305. 2.10% of the stock is currently owned by corporate insiders.

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.