5,587 Shares in Iron Mountain Incorporated (NYSE:IRM) Bought by Fisher Asset Management LLC

Fisher Asset Management LLC bought a new position in Iron Mountain Incorporated (NYSE:IRM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 5,587 shares of the financial services provider's stock, valued at approximately $587,000.

A number of other institutional investors also recently bought and sold shares of the stock. Key Financial Inc increased its stake in shares of Iron Mountain by 25,100.0% in the fourth 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. Ashton Thomas Securities LLC bought a new stake in Iron Mountain during the third quarter valued at about $31,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Iron Mountain in the third quarter valued at about $36,000. 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 period. Finally, Quarry LP grew its position in shares of Iron Mountain by 86.5% during the third quarter. Quarry LP now owns 496 shares of the financial services provider's stock worth $59,000 after purchasing an additional 230 shares in the last quarter. 80.13% of the stock is owned by institutional investors.

Insider Activity 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 stock was sold at an average price of $92.84, for a total transaction of $597,239.72. Following the transaction, the chief accounting officer now directly owns 288 shares in the company, valued at $26,737.92. This trade represents a 95.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mithu Bhargava sold 8,263 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the completion of the sale, the executive vice president now owns 13,054 shares of the company's stock, valued at $1,364,012.46. This represents a 38.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 343,114 shares of company stock worth $33,323,682 in the last quarter. 2.10% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

Several research firms have weighed in on IRM. StockNews.com upgraded Iron Mountain from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Royal Bank of Canada raised their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Wells Fargo & Company dropped their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their target price on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Finally, Barclays reduced their price objective on 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 equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $127.67.

Iron Mountain Price Performance

Shares of Iron Mountain stock traded down $1.13 on Monday, reaching $83.26. The company had a trading volume of 3,424,398 shares, compared to its average volume of 1,667,669. The firm's 50-day moving average price is $100.25 and its two-hundred day moving average price is $111.02. Iron Mountain Incorporated has a 1 year low of $73.53 and a 1 year high of $130.24. The firm has a market cap of $24.46 billion, a price-to-earnings ratio of 136.48, a P/E/G ratio of 5.15 and a beta of 1.04.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate 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 firm earned $0.52 EPS. As a group, analysts anticipate that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a dividend of $0.785 per share. This is a positive change from Iron Mountain's previous quarterly dividend of $0.72. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, March 17th. Iron Mountain's dividend payout ratio (DPR) is currently 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.