Iron Mountain Incorporated (NYSE:IRM) Shares Sold by First National Trust Co

First National Trust Co reduced its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,779 shares of the financial services provider's stock after selling 3,858 shares during the quarter. First National Trust Co's holdings in Iron Mountain were worth $6,809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IRM. Key Financial Inc raised its position 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 in the 4th quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new stake in Iron Mountain in the 3rd quarter worth about $31,000. Teachers Insurance & Annuity Association of America bought a new position in Iron Mountain in the 3rd quarter worth about $36,000. Finally, Parkworth Wealth Management Inc. bought a new position in Iron Mountain in the 4th quarter worth about $53,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Iron Mountain from a "hold" rating to a "sell" rating in a research note on Friday. Wells Fargo & Company dropped 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. Royal Bank of Canada upped their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. dropped their target price 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. Finally, Barclays dropped their target price on shares of Iron Mountain from $131.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.67.

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Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 6,433 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $597,239.72. Following the completion of the transaction, the chief accounting officer now owns 288 shares of the company's stock, valued at approximately $26,737.92. This trade represents a 95.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mithu Bhargava sold 8,263 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the completion of the transaction, the executive vice president now directly owns 13,054 shares of the company's stock, valued at approximately $1,364,012.46. This represents a 38.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 327,242 shares of company stock worth $31,530,305 over the last three months. Corporate insiders own 2.10% of the company's stock.

Iron Mountain Stock Down 1.8 %

Shares of NYSE IRM traded down $1.59 during midday trading on Tuesday, reaching $87.56. 1,787,715 shares of the company's stock traded hands, compared to its average volume of 1,675,025. The stock's 50 day simple moving average is $98.00 and its 200-day simple moving average is $109.87. Iron Mountain Incorporated has a one year low of $73.53 and a one year high of $130.24. The company has a market cap of $25.72 billion, a price-to-earnings ratio of 143.54, a P/E/G ratio of 5.15 and a beta of 1.04.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its earnings results 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). The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates 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 last year, the business earned $0.52 earnings per share. Equities analysts predict that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Increases Dividend

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

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.