Atria Wealth Solutions Inc. Has $4.38 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Atria Wealth Solutions Inc. reduced its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 15.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 41,472 shares of the financial services provider's stock after selling 7,309 shares during the period. Atria Wealth Solutions Inc.'s holdings in Iron Mountain were worth $4,382,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its holdings in Iron Mountain by 142.4% in the third quarter. Blue Trust Inc. now owns 2,138 shares of the financial services provider's stock valued at $254,000 after purchasing an additional 1,256 shares during the period. Signaturefd LLC raised its holdings in Iron Mountain by 12.7% in the third quarter. Signaturefd LLC now owns 6,026 shares of the financial services provider's stock valued at $716,000 after acquiring an additional 677 shares in the last quarter. Eastern Bank acquired a new stake in shares of Iron Mountain during the third quarter worth $87,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Iron Mountain in the 3rd quarter worth about $232,000. Finally, Greenleaf Trust grew its position in Iron Mountain by 3.2% in the 3rd quarter. Greenleaf Trust now owns 7,386 shares of the financial services provider's stock valued at $878,000 after buying an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company's stock.

Insider Activity at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,872 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were 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 in the company, valued at $1,364,012.46. The trade was a 38.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 162,391 shares of company stock worth $16,805,912. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Barclays decreased their target price on shares of Iron Mountain from $131.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. StockNews.com lowered shares of Iron Mountain from a "hold" rating to a "sell" rating in a research report on Tuesday, January 28th. Wells Fargo & Company cut their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered their price target on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Iron Mountain has an average rating of "Moderate Buy" and an average price target of $127.67.

Iron Mountain Stock Down 1.9 %

IRM stock traded down $1.73 during midday trading on Friday, reaching $91.77. The stock had a trading volume of 2,392,295 shares, compared to its average volume of 2,128,673. The business has a fifty day simple moving average of $103.91 and a two-hundred day simple moving average of $112.39. The firm has a market cap of $26.96 billion, a price-to-earnings ratio of 150.44, a PEG ratio of 5.11 and a beta of 1.01. Iron Mountain Incorporated has a twelve month low of $70.00 and a twelve month high of $130.24.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts predict that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a $0.785 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Iron Mountain's previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a dividend yield of 3.42%. Iron Mountain's payout ratio is currently 514.75%.

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.