Farther Finance Advisors LLC Sells 5,119 Shares of Iron Mountain Incorporated (NYSE:IRM)

Farther Finance Advisors LLC trimmed its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 52.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,588 shares of the financial services provider's stock after selling 5,119 shares during the quarter. Farther Finance Advisors LLC's holdings in Iron Mountain were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. OneDigital Investment Advisors LLC raised its stake in Iron Mountain by 1.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider's stock valued at $711,000 after purchasing an additional 89 shares during the last quarter. Geller Advisors LLC raised its stake in Iron Mountain by 2.9% during the 3rd quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider's stock valued at $403,000 after purchasing an additional 96 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Iron Mountain by 0.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 25,159 shares of the financial services provider's stock valued at $2,644,000 after purchasing an additional 100 shares during the last quarter. Claro Advisors LLC raised its stake in Iron Mountain by 0.6% during the 3rd quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider's stock valued at $1,986,000 after purchasing an additional 103 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its stake in Iron Mountain by 3.9% during the 4th quarter. Premier Path Wealth Partners LLC now owns 2,844 shares of the financial services provider's stock valued at $299,000 after purchasing an additional 106 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other Iron Mountain news, EVP Mithu Bhargava sold 8,263 shares of the firm'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 transaction of $863,400.87. Following the sale, the executive vice president now directly owns 13,054 shares in the company, valued at approximately $1,364,012.46. This trade represents a 38.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William L. Meaney sold 172,552 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 237,402 shares of the company's stock, valued at $21,681,924.66. This represents a 42.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,242 shares of company stock worth $31,530,305. Company insiders own 2.10% of the company's stock.

Iron Mountain Price Performance

Shares of NYSE IRM traded down $0.26 during mid-day trading on Thursday, hitting $88.36. The company's stock had a trading volume of 1,608,263 shares, compared to its average volume of 2,223,363. The stock has a market cap of $25.95 billion, a price-to-earnings ratio of 144.84, a price-to-earnings-growth ratio of 5.15 and a beta of 1.04. Iron Mountain Incorporated has a one year low of $73.53 and a one year high of $130.24. The company's fifty day simple moving average is $97.45 and its 200-day simple moving average is $109.54.

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 for the quarter, missing analysts' consensus estimates of $1.20 by ($0.70). The firm had revenue of $1.58 billion during 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 quarter in the prior year, the business earned $0.52 earnings per share. On average, sell-side analysts predict that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.785 per share. This is an increase from Iron Mountain's previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a yield of 3.55%. The ex-dividend date is Monday, March 17th. Iron Mountain's dividend payout ratio (DPR) is 514.75%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays cut 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. JPMorgan Chase & Co. dropped their price objective on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. StockNews.com cut shares of Iron Mountain from a "hold" rating to a "sell" rating in a research note on Friday, March 14th. Wells Fargo & Company lowered their target price 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. Finally, Royal Bank of Canada upped their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Iron Mountain has a consensus rating of "Moderate Buy" and an average target price of $125.67.

Iron Mountain 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.