Capital Investment Advisory Services LLC Sells 4,179 Shares of Iron Mountain Incorporated (NYSE:IRM)

Capital Investment Advisory Services LLC lowered its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 27.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,196 shares of the financial services provider’s stock after selling 4,179 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Iron Mountain were worth $783,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC boosted its position in Iron Mountain by 1.7% in the fourth quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 156 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Iron Mountain by 17.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,171 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 171 shares during the period. J.W. Cole Advisors Inc. grew its position in Iron Mountain by 2.8% during the third quarter. J.W. Cole Advisors Inc. now owns 6,429 shares of the financial services provider’s stock valued at $382,000 after buying an additional 177 shares during the period. Federated Hermes Inc. increased its holdings in Iron Mountain by 4.0% during the fourth quarter. Federated Hermes Inc. now owns 4,599 shares of the financial services provider’s stock worth $322,000 after buying an additional 179 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in Iron Mountain by 4.6% in the third quarter. Koshinski Asset Management Inc. now owns 4,293 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Up 1.0 %

Shares of Iron Mountain stock opened at $75.85 on Tuesday. The company’s 50-day moving average price is $76.70 and its 200-day moving average price is $68.91. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 120.40, a PEG ratio of 4.51 and a beta of 0.94. Iron Mountain Incorporated has a 12-month low of $52.81 and a 12-month high of $82.19. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 55.78.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results 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 business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. On average, equities analysts expect that Iron Mountain Incorporated will post 4.16 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.60 annualized dividend and a yield of 3.43%. Iron Mountain’s payout ratio is 412.70%.

Insider Activity

In related news, EVP Mark Kidd sold 4,458 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $80.21, for a total value of $357,576.18. Following the sale, the executive vice president now directly owns 62,938 shares of the company’s stock, valued at $5,048,256.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $76.68, for a total transaction of $1,217,295.00. Following the transaction, the chief executive officer now owns 295,650 shares in the company, valued at $22,670,442. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark Kidd sold 4,458 shares of Iron Mountain stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $80.21, for a total transaction of $357,576.18. Following the completion of the sale, the executive vice president now directly owns 62,938 shares of the company’s stock, valued at approximately $5,048,256.98. The disclosure for this sale can be found here. Insiders sold a total of 164,124 shares of company stock worth $12,698,221 in the last quarter. 2.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.