Roman Butler Fullerton & Co. Trims Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Roman Butler Fullerton & Co. reduced its stake in Iron Mountain Incorporated (NYSE:IRM) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,393 shares of the financial services provider’s stock after selling 458 shares during the period. Roman Butler Fullerton & Co.’s holdings in Iron Mountain were worth $1,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in Iron Mountain by 15.1% during the first quarter. Acadian Asset Management LLC now owns 2,503 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 328 shares during the period. Panagora Asset Management Inc. increased its stake in Iron Mountain by 71.3% during the first quarter. Panagora Asset Management Inc. now owns 18,549 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 7,719 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Iron Mountain by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,743 shares of the financial services provider’s stock worth $2,147,000 after purchasing an additional 2,399 shares during the period. APG Asset Management N.V. increased its stake in Iron Mountain by 13.0% during the first quarter. APG Asset Management N.V. now owns 18,205 shares of the financial services provider’s stock worth $907,000 after purchasing an additional 2,100 shares during the period. Finally, Raymond James Trust N.A. increased its stake in Iron Mountain by 52.8% during the first quarter. Raymond James Trust N.A. now owns 7,552 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 2,608 shares during the period. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on IRM. Stifel Nicolaus boosted their price target on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Barclays boosted their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. TheStreet downgraded Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Finally, Wells Fargo & Company boosted their price objective on Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Iron Mountain presently has an average rating of “Moderate Buy” and a consensus target price of $73.80.

Iron Mountain Stock Down 0.2 %

IRM traded down $0.15 on Thursday, reaching $75.00. The company’s stock had a trading volume of 77,432 shares, compared to its average volume of 1,424,681. The stock has a 50 day moving average of $76.31 and a two-hundred day moving average of $68.47. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 55.78. The company has a market capitalization of $21.92 billion, a price-to-earnings ratio of 119.29, a P/E/G ratio of 4.49 and a beta of 0.94. Iron Mountain Incorporated has a fifty-two week low of $52.05 and a fifty-two week high of $82.19.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.48). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. Iron Mountain’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. As a group, analysts forecast that Iron Mountain Incorporated will post 4.16 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Thursday, March 14th. Iron Mountain’s payout ratio is currently 412.70%.

Insider Activity

In other news, CEO William L. Meaney sold 115,979 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $78.90, for a total value of $9,150,743.10. Following the completion of the sale, the chief executive officer now directly owns 432,682 shares of the company’s stock, valued at $34,138,609.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Daniel Borges sold 996 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $80.00, for a total transaction of $79,680.00. Following the completion of the sale, the chief accounting officer now owns 3,095 shares in the company, valued at $247,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William L. Meaney sold 115,979 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $78.90, for a total value of $9,150,743.10. Following the sale, the chief executive officer now owns 432,682 shares of the company’s stock, valued at approximately $34,138,609.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,124 shares of company stock valued at $12,698,221. 2.20% of the stock is currently owned by company insiders.

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.