Iron Mountain Incorporated (NYSE:IRM) Stock Position Reduced by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 562,541 shares of the financial services provider's stock after selling 7,696 shares during the period. Asset Management One Co. Ltd. owned approximately 0.19% of Iron Mountain worth $58,909,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Iron Mountain by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 55,571 shares of the financial services provider's stock worth $5,841,000 after buying an additional 5,150 shares during the period. Kentucky Trust Co acquired a new stake in Iron Mountain in the fourth quarter valued at approximately $2,259,000. Axecap Investments LLC raised its stake in shares of Iron Mountain by 6.0% during the fourth quarter. Axecap Investments LLC now owns 9,149 shares of the financial services provider's stock valued at $962,000 after purchasing an additional 515 shares during the period. Summit Trail Advisors LLC raised its stake in shares of Iron Mountain by 19.4% during the fourth quarter. Summit Trail Advisors LLC now owns 5,704 shares of the financial services provider's stock valued at $604,000 after purchasing an additional 927 shares during the period. Finally, Savant Capital LLC lifted its position in shares of Iron Mountain by 3.5% during the fourth quarter. Savant Capital LLC now owns 11,730 shares of the financial services provider's stock worth $1,233,000 after purchasing an additional 394 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Mithu Bhargava sold 8,263 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,364,012.46. This trade represents a 38.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 69,125 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $99.83, for a total transaction of $6,900,748.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,391 shares of company stock worth $16,805,912. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on IRM. 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 report on Tuesday. Wells Fargo & Company reduced their target price on Iron Mountain from $135.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Barclays reduced their price target on shares of Iron Mountain from $131.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. StockNews.com cut shares of Iron Mountain from a "hold" rating to a "sell" rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada increased their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Iron Mountain presently has an average rating of "Moderate Buy" and a consensus target price of $127.67.

Iron Mountain Stock Performance

Shares of NYSE:IRM traded down $1.37 on Tuesday, hitting $94.04. The company's stock had a trading volume of 2,588,400 shares, compared to its average volume of 1,944,231. Iron Mountain Incorporated has a 12 month low of $67.09 and a 12 month high of $130.24. The stock's 50-day moving average is $105.06 and its two-hundred day moving average is $112.75. The company has a market capitalization of $27.60 billion, a price-to-earnings ratio of 261.22, a price-to-earnings-growth ratio of 5.84 and a beta of 1.01.

Iron Mountain (NYSE:IRM - Get Free Report) last released its 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 negative return on equity of 44,660.04% and a net margin of 1.77%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the company earned $0.52 earnings per share. Equities analysts expect that Iron Mountain Incorporated will post 4.18 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a $0.785 dividend. The ex-dividend date is Monday, March 17th. This represents a $3.14 annualized dividend and a dividend yield of 3.34%. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. Iron Mountain's dividend payout ratio is currently 794.47%.

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.