TD Private Client Wealth LLC Has $630,000 Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

TD Private Client Wealth LLC cut its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 40.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,991 shares of the financial services provider's stock after selling 4,104 shares during the period. TD Private Client Wealth LLC's holdings in Iron Mountain were worth $630,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Key Financial Inc increased its holdings 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 buying an additional 251 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in Iron Mountain in the fourth quarter valued at $26,000. IMG Wealth Management Inc. acquired a new position in shares of Iron Mountain during the 4th quarter worth $26,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Iron Mountain in the 3rd quarter worth about $36,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Iron Mountain by 46.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 489 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada lifted their price objective on Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. StockNews.com upgraded shares of Iron Mountain from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Barclays lowered their price target on shares of Iron Mountain from $130.00 to $118.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Finally, Wells Fargo & Company decreased their target price 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. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $125.67.

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Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 69,131 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total value of $7,248,385.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Daniel Borges sold 6,433 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 $597,239.72. Following the completion of the sale, the chief accounting officer now owns 288 shares of the company's stock, valued at $26,737.92. This trade represents a 95.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 318,979 shares of company stock worth $30,666,904. 2.10% of the stock is currently owned by insiders.

Iron Mountain Stock Down 1.7 %

Shares of IRM traded down $1.49 during mid-day trading on Thursday, reaching $85.54. The company's stock had a trading volume of 1,485,109 shares, compared to its average volume of 1,684,252. Iron Mountain Incorporated has a 1 year low of $73.53 and a 1 year high of $130.24. The business has a fifty day moving average of $95.94 and a 200 day moving average of $108.73. The company has a market cap of $25.13 billion, a price-to-earnings ratio of 140.23, a price-to-earnings-growth ratio of 5.15 and a beta of 1.04.

Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.50 EPS 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 the consensus estimate 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 period in the prior year, the business earned $0.52 EPS. On average, analysts predict that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Iron Mountain's previous quarterly dividend of $0.72. Iron Mountain's payout ratio is currently 514.75%.

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.