Elo Mutual Pension Insurance Co Has $3.19 Million Stake in Iron Mountain Incorporated (NYSE:IRM)

Elo Mutual Pension Insurance Co boosted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,387 shares of the financial services provider's stock after purchasing an additional 4,511 shares during the period. Elo Mutual Pension Insurance Co's holdings in Iron Mountain were worth $3,194,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Iron Mountain by 7.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 657,443 shares of the financial services provider's stock worth $69,492,000 after buying an additional 45,569 shares during the last quarter. Korea Investment CORP boosted its holdings in Iron Mountain by 84.1% during the 4th quarter. Korea Investment CORP now owns 198,842 shares of the financial services provider's stock valued at $20,900,000 after acquiring an additional 90,851 shares during the period. Trust Investment Advisors raised its stake in shares of Iron Mountain by 11.4% during the fourth quarter. Trust Investment Advisors now owns 18,163 shares of the financial services provider's stock valued at $1,909,000 after acquiring an additional 1,860 shares during the last quarter. Prestige Wealth Management Group LLC boosted its stake in shares of Iron Mountain by 8.2% during the 4th quarter. Prestige Wealth Management Group LLC now owns 4,160 shares of the financial services provider's stock valued at $440,000 after purchasing an additional 314 shares in the last quarter. Finally, TD Asset Management Inc. raised its holdings in Iron Mountain by 125.4% in the fourth quarter. TD Asset Management Inc. now owns 1,952,432 shares of the financial services provider's stock worth $205,220,000 after purchasing an additional 1,086,308 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of analysts have recently commented on IRM shares. Barclays reduced their price target 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. StockNews.com upgraded Iron Mountain from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Wells Fargo & Company lowered their target price on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. One research 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's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $125.67.

Iron Mountain Trading Up 1.2 %

IRM traded up $1.04 during trading hours on Monday, hitting $86.14. 2,368,331 shares of the company's stock were exchanged, compared to its average volume of 1,765,926. The firm has a 50 day moving average of $94.97 and a 200 day moving average of $108.31. Iron Mountain Incorporated has a 12-month low of $73.53 and a 12-month high of $130.24. The firm has a market cap of $25.30 billion, a P/E ratio of 141.21, 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 earnings results on Thursday, February 13th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.70). Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the company earned $0.52 earnings per share. As a group, research 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 $0.785 dividend. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Monday, March 17th. Iron Mountain's payout ratio is presently 514.75%.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 172,552 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $91.33, for a total transaction of $15,759,174.16. Following the completion of the transaction, the chief executive officer now directly owns 237,402 shares in the company, valued at $21,681,924.66. This represents a 42.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mithu Bhargava sold 1,738 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total value of $161,355.92. Following the completion of the transaction, the executive vice president now directly owns 13,054 shares of the company's stock, valued at $1,211,933.36. This trade represents a 11.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 318,979 shares of company stock worth $30,666,904. 2.10% of the stock is owned by insiders.

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.