Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. grew its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 244.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,648 shares of the financial services provider's stock after purchasing an additional 57,930 shares during the quarter. Edgestream Partners L.P.'s holdings in Iron Mountain were worth $8,582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Key Financial Inc raised its holdings in Iron Mountain by 25,100.0% in 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 during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in Iron Mountain during the 4th quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Iron Mountain during the third quarter valued at approximately $31,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Iron Mountain in the third quarter valued at approximately $36,000. Finally, Dunhill Financial LLC boosted its stake in shares of Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider's stock worth $54,000 after acquiring an additional 152 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Iron Mountain Trading Down 0.6 %

Shares of Iron Mountain stock traded down $0.50 on Monday, reaching $83.88. 857,566 shares of the stock were exchanged, compared to its average volume of 2,198,323. Iron Mountain Incorporated has a 1-year low of $73.53 and a 1-year high of $130.24. The business has a fifty day moving average price of $100.25 and a two-hundred day moving average price of $111.02. The firm has a market capitalization of $24.64 billion, a PE ratio of 137.50, a PEG ratio of 5.15 and a beta of 1.04.

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

Iron Mountain Increases Dividend

The business also recently announced 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 of this dividend is Monday, March 17th. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. This represents a $3.14 dividend on an annualized basis and a yield of 3.74%. Iron Mountain's dividend payout ratio (DPR) is 514.75%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 6,433 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $92.84, for a total transaction of $597,239.72. Following the completion of the sale, the chief accounting officer now owns 288 shares of the company's stock, valued at approximately $26,737.92. The trade was a 95.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 15,872 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The disclosure for this sale can be found here. In the last three months, insiders sold 343,114 shares of company stock worth $33,323,682. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IRM has been the topic of a number of research reports. StockNews.com upgraded Iron Mountain from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada increased their price target on Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Barclays reduced 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. Wells Fargo & Company reduced their price target 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $127.67.

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.