Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Trimmed by One Capital Management LLC

One Capital Management LLC lessened its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,394 shares of the financial services provider's stock after selling 9,085 shares during the period. One Capital Management LLC's holdings in Iron Mountain were worth $5,297,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Iron Mountain in the fourth quarter valued at about $26,000. Key Financial Inc lifted its position in Iron Mountain by 25,100.0% in the fourth quarter. Key Financial Inc now owns 252 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 251 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Iron Mountain in the 3rd quarter valued at approximately $31,000. Teachers Insurance & Annuity Association of America acquired a new stake in Iron Mountain in the third quarter valued at $36,000. Finally, Dunhill Financial LLC grew its position in Iron Mountain by 50.5% during the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider's stock worth $54,000 after buying an additional 152 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Iron Mountain

In other news, EVP Mithu Bhargava sold 1,738 shares of Iron Mountain stock in a transaction dated Monday, March 3rd. The stock was 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 of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 15,872 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total value of $1,793,377.28. The disclosure for this sale can be found here. Insiders sold 343,114 shares of company stock valued at $33,323,682 over the last 90 days. 2.10% of the stock is owned by corporate insiders.

Remove Ads

Iron Mountain Price Performance

NYSE IRM traded down $1.13 during mid-day trading on Monday, hitting $83.26. The company's stock had a trading volume of 3,424,409 shares, compared to its average volume of 1,667,669. Iron Mountain Incorporated has a 52-week low of $73.53 and a 52-week high of $130.24. The stock's fifty day simple moving average is $100.25 and its two-hundred day simple moving average is $111.02. The firm has a market capitalization of $24.46 billion, a P/E ratio of 136.48, a price-to-earnings-growth ratio of 5.15 and a beta of 1.04.

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 company 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 company posted $0.52 earnings per share. On average, equities analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders 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 3.77%. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. Iron Mountain's dividend payout ratio is currently 514.75%.

Wall Street Analyst Weigh In

IRM has been the topic of a number of research analyst reports. Barclays decreased their target price on Iron Mountain from $131.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company reduced their price target on Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective 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. StockNews.com upgraded Iron Mountain from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada raised their price target on Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $127.67.

Iron Mountain Company 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.