Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group reduced its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,897 shares of the financial services provider's stock after selling 3,647 shares during the period. Schroder Investment Management Group's holdings in Iron Mountain were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP boosted its position in Iron Mountain by 86.5% during the third quarter. Quarry LP now owns 496 shares of the financial services provider's stock worth $59,000 after purchasing an additional 230 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Iron Mountain by 32.8% during the 3rd quarter. Quantinno Capital Management LP now owns 15,579 shares of the financial services provider's stock valued at $1,851,000 after buying an additional 3,849 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in Iron Mountain by 22.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 4,162 shares of the financial services provider's stock valued at $495,000 after acquiring an additional 773 shares during the period. National Bank of Canada FI increased its holdings in Iron Mountain by 74.7% in the 3rd quarter. National Bank of Canada FI now owns 168,692 shares of the financial services provider's stock worth $20,046,000 after acquiring an additional 72,131 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its position in Iron Mountain by 34.0% during the third quarter. Orion Portfolio Solutions LLC now owns 7,963 shares of the financial services provider's stock worth $946,000 after acquiring an additional 2,021 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

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Iron Mountain Stock Up 2.2 %

Shares of Iron Mountain stock traded up $1.76 on Friday, hitting $83.39. 1,727,819 shares of the company were exchanged, compared to its average volume of 1,819,298. Iron Mountain Incorporated has a 1-year low of $72.33 and a 1-year high of $130.24. The stock has a market capitalization of $24.50 billion, a price-to-earnings ratio of 136.71, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97. The company has a 50-day moving average price of $89.48 and a 200 day moving average price of $105.53.

Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings data 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). Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the firm posted $0.52 EPS. Research analysts forecast that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a dividend of $0.785 per share. 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 3.77%. The ex-dividend date of this dividend was Monday, March 17th. Iron Mountain's dividend payout ratio (DPR) is presently 514.75%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays dropped their target price on shares of Iron Mountain from $130.00 to $118.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company lowered 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. StockNews.com raised Iron Mountain from a "sell" rating to a "hold" rating in a report on Tuesday. Truist Financial assumed coverage on Iron Mountain in a research report on Tuesday. They issued a "buy" rating and a $95.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Iron Mountain presently has a consensus rating of "Buy" and a consensus price target of $121.29.

Insiders Place Their Bets

In other Iron Mountain news, EVP Mithu Bhargava sold 1,738 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.84, for a total transaction of $161,355.92. Following the sale, the executive vice president now directly owns 13,054 shares in the company, valued at $1,211,933.36. This represents a 11.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William L. Meaney sold 69,125 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $86.11, for a total value of $5,952,353.75. The disclosure for this sale can be found here. Insiders have sold 318,973 shares of company stock valued at $29,370,872 over the last ninety days. Company insiders own 2.10% of the company's stock.

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.