Jones Financial Companies Lllp Has $748,000 Holdings in Iron Mountain Incorporated (NYSE:IRM)

Jones Financial Companies Lllp increased its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 153.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,118 shares of the financial services provider's stock after purchasing an additional 4,310 shares during the quarter. Jones Financial Companies Lllp's holdings in Iron Mountain were worth $748,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IRM. Harbor Capital Advisors Inc. acquired a new stake in shares of Iron Mountain during the third quarter valued at approximately $80,000. Principal Financial Group Inc. raised its holdings in shares of Iron Mountain by 3.4% during the third quarter. Principal Financial Group Inc. now owns 352,451 shares of the financial services provider's stock valued at $41,882,000 after acquiring an additional 11,685 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Iron Mountain during the third quarter valued at approximately $240,000. Verdence Capital Advisors LLC raised its holdings in shares of Iron Mountain by 63.3% during the third quarter. Verdence Capital Advisors LLC now owns 7,030 shares of the financial services provider's stock valued at $835,000 after acquiring an additional 2,726 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Iron Mountain by 12.8% during the third quarter. Assetmark Inc. now owns 48,535 shares of the financial services provider's stock valued at $5,767,000 after acquiring an additional 5,502 shares during the period. Institutional investors and hedge funds own 80.13% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IRM shares. Barclays cut their price target on shares of Iron Mountain from $131.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company lowered 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. Royal Bank of Canada boosted 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. JPMorgan Chase & Co. lowered their price objective on shares of 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 raised shares of Iron Mountain from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Iron Mountain currently has a consensus rating of "Buy" and a consensus target price of $127.67.

Insider Transactions at Iron Mountain

In other news, EVP Mithu Bhargava sold 1,738 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $161,355.92. Following the completion of the sale, the executive vice president now directly owns 13,054 shares in the company, valued at approximately $1,211,933.36. The trade was a 11.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 172,552 shares of the business'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 sale, the chief executive officer now owns 237,402 shares of the company's stock, valued at $21,681,924.66. The trade was a 42.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 343,114 shares of company stock worth $33,323,682. 2.10% of the stock is owned by insiders.

Iron Mountain Stock Down 1.2 %

IRM stock traded down $1.05 during trading hours on Monday, hitting $83.33. The company's stock had a trading volume of 1,470,699 shares, compared to its average volume of 1,659,244. The company has a market capitalization of $24.48 billion, a PE ratio of 136.36, a price-to-earnings-growth ratio of 5.15 and a beta of 1.04. Iron Mountain Incorporated has a 12 month low of $73.53 and a 12 month high of $130.24. The stock has a 50 day moving average price of $100.25 and a two-hundred day moving average price of $111.02.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.70). The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. During the same period in the prior year, the firm earned $0.52 earnings per share. Sell-side analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be paid a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.77%. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 17th. Iron Mountain's payout ratio is presently 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.