Iron Mountain Incorporated (NYSE:IRM) Position Boosted by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,523 shares of the financial services provider's stock after acquiring an additional 2,762 shares during the quarter. D.A. Davidson & CO.'s holdings in Iron Mountain were worth $3,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Iron Mountain by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 8,257,965 shares of the financial services provider's stock valued at $978,479,000 after acquiring an additional 128,622 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Iron Mountain by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,386,315 shares of the financial services provider's stock worth $402,396,000 after purchasing an additional 141,675 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Iron Mountain by 537.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,170,550 shares of the financial services provider's stock valued at $376,756,000 after acquiring an additional 2,672,821 shares during the last quarter. Captrust Financial Advisors increased its position in Iron Mountain by 5.2% during the third quarter. Captrust Financial Advisors now owns 951,552 shares of the financial services provider's stock valued at $113,073,000 after acquiring an additional 47,327 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Iron Mountain by 1.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 910,723 shares of the financial services provider's stock valued at $95,726,000 after purchasing an additional 10,160 shares during the period. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Trading Down 1.9 %

Iron Mountain stock traded down $1.73 during midday trading on Friday, reaching $91.77. 2,392,295 shares of the stock traded hands, compared to its average volume of 2,128,673. The company has a 50-day simple moving average of $103.91 and a two-hundred day simple moving average of $112.39. Iron Mountain Incorporated has a 12-month low of $70.00 and a 12-month high of $130.24. The firm has a market cap of $26.96 billion, a PE ratio of 150.44, a price-to-earnings-growth ratio of 5.11 and a beta of 1.01.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $0.52 EPS. Equities research analysts anticipate 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 will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.785 per share. The ex-dividend date is Monday, March 17th. This represents a $3.14 dividend on an annualized basis and a yield of 3.42%. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. Iron Mountain's dividend payout ratio (DPR) is presently 514.75%.

Analyst Upgrades and Downgrades

IRM has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their target price 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. StockNews.com downgraded shares of Iron Mountain from a "hold" rating to a "sell" rating in a report on Tuesday, January 28th. Barclays cut their price objective on shares of Iron Mountain from $131.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada upped their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. cut their price target on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $127.67.

Insider Activity

In related news, EVP Mithu Bhargava sold 8,263 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $104.49, for a total transaction of $863,400.87. Following the sale, the executive vice president now owns 13,054 shares of the company's stock, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Meaney sold 69,125 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was 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 sold 162,391 shares of company stock worth $16,805,912. 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.