Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 46.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,813 shares of the financial services provider's stock after acquiring an additional 8,792 shares during the period. Mizuho Securities USA LLC's holdings in Iron Mountain were worth $2,923,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in shares of Iron Mountain during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Iron Mountain during the 4th quarter valued at $26,000. Key Financial Inc increased 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 valued at $26,000 after buying an additional 251 shares in the last quarter. Teachers Insurance & Annuity Association of America bought a new stake in Iron Mountain during the 3rd quarter valued at $36,000. Finally, Dunhill Financial LLC increased its holdings in Iron Mountain by 50.5% during the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider's stock worth $54,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 80.13% of the company's stock.

Iron Mountain Price Performance

Iron Mountain stock traded down $0.44 during midday trading on Friday, reaching $85.07. The company's stock had a trading volume of 1,293,278 shares, compared to its average volume of 1,763,517. Iron Mountain Incorporated has a 52-week low of $73.53 and a 52-week high of $130.24. The stock's 50-day simple moving average is $95.45 and its 200-day simple moving average is $108.57. The stock has a market capitalization of $24.99 billion, a P/E ratio of 139.46, a PEG ratio of 5.15 and a beta of 1.04.

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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). Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the company earned $0.52 earnings per share. As a group, equities research analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued a $0.785 dividend. This represents a $3.14 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Monday, March 17th. This is an increase from Iron Mountain's previous quarterly dividend of $0.72. Iron Mountain's payout ratio is currently 514.75%.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 6,433 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 288 shares in the company, valued at $26,737.92. This represents a 95.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mithu Bhargava sold 1,738 shares of Iron Mountain stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $92.84, for a total value of $161,355.92. Following the sale, the executive vice president now owns 13,054 shares in the company, valued at $1,211,933.36. This trade represents a 11.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 318,979 shares of company stock valued at $30,666,904. 2.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IRM. StockNews.com upgraded shares of Iron Mountain from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. JPMorgan Chase & Co. decreased 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. Wells Fargo & Company decreased their price objective on Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Finally, Barclays decreased their target price on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. One 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 company. According to MarketBeat, Iron Mountain has a consensus rating of "Buy" and an average target price of $125.67.

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.