Creekmur Asset Management LLC Sells 3,671 Shares of Iron Mountain Incorporated (NYSE:IRM)

Creekmur Asset Management LLC lowered its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 21.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,814 shares of the financial services provider's stock after selling 3,671 shares during the period. Creekmur Asset Management LLC's holdings in Iron Mountain were worth $1,452,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Key Financial Inc grew its holdings in shares of Iron Mountain by 25,100.0% during the 4th quarter. Key Financial Inc now owns 252 shares of the financial services provider's stock worth $26,000 after purchasing an additional 251 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in Iron Mountain in the fourth quarter worth $26,000. IMG Wealth Management Inc. acquired a new stake in Iron Mountain during the fourth quarter worth $26,000. Whittier Trust Co. of Nevada Inc. increased its holdings in 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 valued at $51,000 after buying an additional 155 shares during the period. Finally, Parkworth Wealth Management Inc. bought a new position in shares of Iron Mountain during the 4th quarter worth about $53,000. Institutional investors own 80.13% of the company's stock.

Insiders Place Their Bets

In other Iron Mountain news, EVP Mithu Bhargava sold 1,738 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.84, for a total transaction of $161,355.92. Following the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at approximately $1,211,933.36. This represents a 11.75 % 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 firm's stock in a transaction dated 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 quarter, insiders have sold 318,973 shares of company stock valued at $29,370,872. 2.10% of the stock is currently owned by corporate insiders.

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Iron Mountain Stock Performance

Iron Mountain stock traded down $1.63 on Monday, reaching $75.56. The company's stock had a trading volume of 1,196,550 shares, compared to its average volume of 2,145,105. The business's fifty day moving average price is $92.35 and its 200 day moving average price is $107.17. The company has a market cap of $22.19 billion, a price-to-earnings ratio of 123.76, a PEG ratio of 5.15 and a beta of 0.97. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $130.24.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. During the same quarter last year, the company earned $0.52 EPS. As a group, equities analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a $0.785 dividend. This represents a $3.14 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. Iron Mountain's payout ratio is 514.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on IRM shares. JPMorgan Chase & Co. decreased their price objective on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Barclays decreased their price target on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. StockNews.com lowered Iron Mountain from a "hold" rating to a "sell" rating in a research note on Monday, March 31st. Finally, Wells Fargo & Company reduced their target price 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. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $125.67.

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.