Iron Mountain Incorporated (NYSE:IRM) Shares Purchased by APG Asset Management US Inc.

APG Asset Management US Inc. raised its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 7.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 514,208 shares of the financial services provider's stock after purchasing an additional 34,208 shares during the quarter. Iron Mountain accounts for 0.4% of APG Asset Management US Inc.'s portfolio, making the stock its 24th biggest position. APG Asset Management US Inc. owned 0.18% of Iron Mountain worth $54,048,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Key Financial Inc boosted its holdings in shares of 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. Halbert Hargrove Global Advisors LLC bought a new stake in Iron Mountain in the fourth quarter valued at $26,000. IMG Wealth Management Inc. purchased a new position in Iron Mountain during the 4th quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Iron Mountain by 46.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 489 shares of the financial services provider's stock worth $51,000 after purchasing an additional 155 shares during the period. Finally, Parkworth Wealth Management Inc. bought a new stake in shares of Iron Mountain during the 4th quarter valued at about $53,000. Institutional investors own 80.13% of the company's stock.

Iron Mountain Price Performance

NYSE IRM traded up $0.91 during trading on Monday, reaching $84.35. 326,931 shares of the company's stock traded hands, compared to its average volume of 1,816,524. The company's 50 day simple moving average is $89.48 and its two-hundred day simple moving average is $105.45. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $130.24. The firm has a market cap of $24.78 billion, a price-to-earnings ratio of 138.28, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97.

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Iron Mountain (NYSE:IRM - Get Free Report) last released its 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). Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the firm earned $0.52 EPS. Research analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a dividend of $0.785 per share. The ex-dividend date was Monday, March 17th. This is a positive change from Iron Mountain's previous quarterly dividend of $0.72. This represents a $3.14 dividend on an annualized basis and a yield of 3.72%. Iron Mountain's payout ratio is presently 514.75%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 69,125 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $99.83, for a total value of $6,900,748.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William L. Meaney sold 172,552 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $91.33, for a total value of $15,759,174.16. Following the transaction, the chief executive officer now owns 237,402 shares of the company's stock, valued at $21,681,924.66. This trade represents a 42.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 318,973 shares of company stock worth $29,370,872. Insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IRM. StockNews.com raised Iron Mountain from a "sell" rating to a "hold" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target 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. Truist Financial started coverage on Iron Mountain in a research note on Tuesday, April 8th. They set a "buy" rating and a $95.00 price objective for the company. Barclays reduced their price target on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Finally, 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 note on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $121.29.

Iron Mountain Company 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.