Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Decreased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. decreased its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 34.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,557 shares of the financial services provider's stock after selling 2,978 shares during the period. Brown Brothers Harriman & Co.'s holdings in Iron Mountain were worth $584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IRM. Merit Financial Group LLC grew its position in shares of Iron Mountain by 91.5% in the fourth quarter. Merit Financial Group LLC now owns 14,933 shares of the financial services provider's stock valued at $1,570,000 after purchasing an additional 7,137 shares during the period. Tidal Investments LLC grew its holdings in Iron Mountain by 254.1% in the third quarter. Tidal Investments LLC now owns 20,536 shares of the financial services provider's stock valued at $2,440,000 after purchasing an additional 14,737 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Iron Mountain by 151.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,147 shares of the financial services provider's stock valued at $961,000 after purchasing an additional 5,511 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Iron Mountain in the 3rd quarter worth $24,122,000. Finally, Proficio Capital Partners LLC acquired a new position in Iron Mountain in the fourth quarter valued at $102,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Iron Mountain news, EVP Mithu Bhargava sold 1,738 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 transaction 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 approximately $1,211,933.36. This trade represents a 11.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 69,125 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $99.83, for a total value of $6,900,748.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,848 shares of company stock worth $23,418,519. 2.10% of the stock is owned by company insiders.

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Analysts Set New Price Targets

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

Iron Mountain Price Performance

Shares of NYSE:IRM traded down $5.20 during trading on Thursday, reaching $82.90. 1,066,757 shares of the company's stock traded hands, compared to its average volume of 1,768,178. The stock has a market capitalization of $24.35 billion, a P/E ratio of 136.07, a price-to-earnings-growth ratio of 5.15 and a beta of 1.04. The company has a 50 day moving average of $93.59 and a 200-day moving average of $107.75. Iron Mountain Incorporated has a 12 month low of $73.53 and a 12 month high of $130.24.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates 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 period last year, the firm posted $0.52 EPS. Equities research 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 issued a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a yield of 3.79%. This is a positive change from Iron Mountain's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 17th. Iron Mountain's dividend payout ratio is 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.