Sheaff Brock Investment Advisors LLC Sells 5,704 Shares of Iron Mountain Incorporated (NYSE:IRM)

Sheaff Brock Investment Advisors LLC lessened its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,159 shares of the financial services provider's stock after selling 5,704 shares during the period. Iron Mountain accounts for 1.0% of Sheaff Brock Investment Advisors LLC's holdings, making the stock its 15th biggest holding. Sheaff Brock Investment Advisors LLC's holdings in Iron Mountain were worth $11,789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Iron Mountain by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 8,257,965 shares of the financial services provider's stock worth $978,479,000 after buying an additional 128,622 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Iron Mountain by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,386,315 shares of the financial services provider's stock valued at $402,396,000 after purchasing an additional 141,675 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Iron Mountain by 537.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,170,550 shares of the financial services provider's stock valued at $376,756,000 after buying an additional 2,672,821 shares during the period. Captrust Financial Advisors increased its position in Iron Mountain by 5.2% in the 3rd quarter. Captrust Financial Advisors now owns 951,552 shares of the financial services provider's stock valued at $113,073,000 after buying an additional 47,327 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Iron Mountain by 1.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 910,723 shares of the financial services provider's stock worth $95,726,000 after acquiring an additional 10,160 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Iron Mountain Price Performance

Shares of Iron Mountain stock traded down $1.52 during trading hours on Wednesday, reaching $92.69. The company had a trading volume of 4,867,890 shares, compared to its average volume of 2,057,822. The firm has a market cap of $27.20 billion, a PE ratio of 151.96, a price-to-earnings-growth ratio of 5.25 and a beta of 1.01. Iron Mountain Incorporated has a one year low of $67.09 and a one year high of $130.24. The business has a fifty day simple moving average of $104.30 and a 200 day simple moving average of $112.52.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its 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). Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The company had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.60 billion. During the same period in the previous year, the firm earned $0.52 EPS. On average, research analysts forecast that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a $0.785 dividend. 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. This represents a $3.14 annualized dividend and a yield of 3.39%. Iron Mountain's dividend payout ratio is currently 468.85%.

Insider Activity

In other news, EVP Mithu Bhargava sold 8,263 shares of Iron Mountain stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the completion of the sale, the executive vice president now 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 legal filing with the SEC, which can be accessed through this link. Also, CEO William L. Meaney sold 69,125 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $99.83, for a total transaction of $6,900,748.75. The disclosure for this sale can be found here. Insiders sold 162,391 shares of company stock worth $16,805,912 in the last three months. Corporate insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. 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. Wells Fargo & Company decreased their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research note on Tuesday. BNP Paribas upgraded shares of Iron Mountain to a "strong-buy" rating in a research note on Wednesday, November 6th. Finally, StockNews.com lowered Iron Mountain from a "hold" rating to a "sell" rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $127.67.

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.