Iron Mountain Incorporated (NYSE:IRM) Shares Bought by Erste Asset Management GmbH

Erste Asset Management GmbH grew its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,600 shares of the financial services provider's stock after acquiring an additional 5,200 shares during the period. Erste Asset Management GmbH's holdings in Iron Mountain were worth $9,068,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IRM. OneDigital Investment Advisors LLC boosted its position in Iron Mountain by 1.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider's stock valued at $711,000 after buying an additional 89 shares during the period. Geller Advisors LLC boosted its position in Iron Mountain by 2.9% in the 3rd quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider's stock valued at $403,000 after buying an additional 96 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Iron Mountain by 0.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 25,159 shares of the financial services provider's stock valued at $2,644,000 after buying an additional 100 shares during the period. Claro Advisors LLC boosted its position in Iron Mountain by 0.6% in the 3rd quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider's stock valued at $1,986,000 after buying an additional 103 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its position in Iron Mountain by 3.9% in the 4th quarter. Premier Path Wealth Partners LLC now owns 2,844 shares of the financial services provider's stock valued at $299,000 after buying an additional 106 shares during the period. Institutional investors and hedge funds own 80.13% of the company's stock.

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Iron Mountain Trading Down 1.8 %

NYSE:IRM traded down $1.59 during midday trading on Tuesday, hitting $87.56. 1,787,704 shares of the company were exchanged, compared to its average volume of 1,675,025. The company has a fifty day simple moving average of $98.00 and a 200 day simple moving average of $109.87. Iron Mountain Incorporated has a fifty-two week low of $73.53 and a fifty-two week high of $130.24. The company has a market capitalization of $25.72 billion, a PE ratio of 143.54, a price-to-earnings-growth ratio of 5.15 and a beta of 1.04.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.50 EPS 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 company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. As a group, equities research analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a dividend of $0.785 per share. This is an increase from Iron Mountain's previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Monday, March 17th. Iron Mountain's dividend payout ratio (DPR) is presently 514.75%.

Insiders Place Their Bets

In other news, EVP Mithu Bhargava sold 8,263 shares of Iron Mountain stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $104.49, for a total value of $863,400.87. Following the sale, the executive vice president now owns 13,054 shares of the company's stock, valued at $1,364,012.46. The trade was a 38.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel Borges sold 6,433 shares of Iron Mountain stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 288 shares in the company, valued at approximately $26,737.92. The trade was a 95.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,242 shares of company stock valued at $31,530,305. Insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on IRM shares. Barclays decreased their price target on shares of Iron Mountain from $131.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. 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 report on Tuesday, February 18th. Wells Fargo & Company reduced 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. StockNews.com lowered shares of Iron Mountain from a "hold" rating to a "sell" rating in a report on Friday. Finally, Royal Bank of Canada raised 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. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $127.67.

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.