Knights of Columbus Asset Advisors LLC Increases Position in Iron Mountain Incorporated (NYSE:IRM)

Knights of Columbus Asset Advisors LLC raised its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,305 shares of the financial services provider's stock after buying an additional 9,951 shares during the quarter. Iron Mountain comprises about 1.3% of Knights of Columbus Asset Advisors LLC's investment portfolio, making the stock its 9th biggest holding. Knights of Columbus Asset Advisors LLC owned about 0.07% of Iron Mountain worth $20,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IRM. Empowered Funds LLC grew its holdings in shares of Iron Mountain by 3.2% during the third quarter. Empowered Funds LLC now owns 13,482 shares of the financial services provider's stock valued at $1,602,000 after buying an additional 414 shares during the last quarter. Caprock Group LLC lifted its position in Iron Mountain by 26.3% in the 3rd quarter. Caprock Group LLC now owns 5,049 shares of the financial services provider's stock valued at $605,000 after acquiring an additional 1,051 shares in the last quarter. Prospera Financial Services Inc boosted its stake in Iron Mountain by 11.3% during the 3rd quarter. Prospera Financial Services Inc now owns 2,808 shares of the financial services provider's stock valued at $334,000 after purchasing an additional 285 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Iron Mountain in the 3rd quarter worth $2,739,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Iron Mountain by 2.8% in the third quarter. PNC Financial Services Group Inc. now owns 53,877 shares of the financial services provider's stock worth $6,402,000 after purchasing an additional 1,446 shares during the last quarter. 80.13% of the stock is owned by institutional investors.

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Insider Buying and Selling at Iron Mountain

In related news, CEO William L. Meaney sold 69,131 shares of Iron Mountain stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total transaction of $7,248,385.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Daniel Borges sold 6,433 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total value 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 $26,737.92. The trade was a 95.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 318,979 shares of company stock valued at $30,666,904 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Iron Mountain Stock Performance

Shares of Iron Mountain stock traded down $0.91 on Wednesday, hitting $86.96. 1,226,216 shares of the company's stock were exchanged, compared to its average volume of 1,685,254. Iron Mountain Incorporated has a 1 year low of $73.53 and a 1 year high of $130.24. The company has a 50-day simple moving average of $95.94 and a 200-day simple moving average of $108.73. The stock has a market capitalization of $25.54 billion, a PE ratio of 142.55, a PEG ratio of 5.15 and a beta of 1.04.

Iron Mountain (NYSE:IRM - Get Free Report) last released 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 company had revenue of $1.58 billion for 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 last year, the firm posted $0.52 earnings per share. On average, analysts expect 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 dividend of $0.785 per share. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 17th. This represents a $3.14 dividend on an annualized basis and a yield of 3.61%. Iron Mountain's dividend payout ratio (DPR) is presently 514.75%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Iron Mountain from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Royal Bank of Canada boosted 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. JPMorgan Chase & Co. lowered their price objective on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Barclays decreased their target price on shares of Iron Mountain from $130.00 to $118.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Finally, StockNews.com upgraded Iron Mountain from a "sell" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $125.67.

Iron Mountain Company 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.