BCO Wealth Management LLC Takes $449,000 Position in Iron Mountain Incorporated (NYSE:IRM)

BCO Wealth Management LLC acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,275 shares of the financial services provider's stock, valued at approximately $449,000. Iron Mountain makes up about 0.4% of BCO Wealth Management LLC's investment portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NEOS Investment Management LLC increased its position in shares of Iron Mountain by 30.3% during the 4th quarter. NEOS Investment Management LLC now owns 16,027 shares of the financial services provider's stock worth $1,685,000 after purchasing an additional 3,730 shares in the last quarter. UniSuper Management Pty Ltd raised its position in Iron Mountain by 5.2% in the 4th quarter. UniSuper Management Pty Ltd now owns 109,465 shares of the financial services provider's stock worth $11,506,000 after purchasing an additional 5,393 shares during the last quarter. Elo Mutual Pension Insurance Co raised its position in shares of Iron Mountain by 17.4% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 30,387 shares of the financial services provider's stock worth $3,194,000 after acquiring an additional 4,511 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Iron Mountain by 7.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 657,443 shares of the financial services provider's stock valued at $69,492,000 after acquiring an additional 45,569 shares during the period. Finally, Korea Investment CORP increased its position in Iron Mountain by 84.1% in the fourth quarter. Korea Investment CORP now owns 198,842 shares of the financial services provider's stock worth $20,900,000 after purchasing an additional 90,851 shares during the period. Institutional investors own 80.13% of the company's stock.

Iron Mountain Stock Up 0.7 %

IRM traded up $0.64 during trading on Monday, hitting $85.74. The company had a trading volume of 385,668 shares, compared to its average volume of 1,758,146. The company has a market capitalization of $25.18 billion, a PE ratio of 140.55, a PEG ratio of 5.15 and a beta of 1.04. Iron Mountain Incorporated has a one year low of $73.53 and a one year high of $130.24. The firm's 50-day moving average price is $94.97 and its 200 day moving average price is $108.31.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the company earned $0.52 earnings per share. Sell-side analysts forecast 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. Investors of record on Monday, March 17th will be issued a dividend of $0.785 per share. This is a boost 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 3.66%. Iron Mountain's dividend payout ratio is presently 514.75%.

Analyst Upgrades and Downgrades

IRM has been the topic of several analyst reports. Wells Fargo & Company cut their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced 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 note on Tuesday, February 18th. Barclays lowered their target price on shares of 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 raised shares of Iron Mountain from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. 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 data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $125.67.

Insider Activity at Iron Mountain

In other Iron Mountain news, EVP Mithu Bhargava sold 1,738 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total value of $161,355.92. Following the completion of the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at $1,211,933.36. This trade represents a 11.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William L. Meaney sold 69,131 shares of the business's 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 90 days, insiders sold 318,979 shares of company stock valued at $30,666,904. Corporate insiders own 2.10% of the company's stock.

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.