Captrust Financial Advisors Trims Stake in Iron Mountain Incorporated (NYSE:IRM)

Captrust Financial Advisors lessened its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 16.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 796,317 shares of the financial services provider's stock after selling 155,235 shares during the quarter. Captrust Financial Advisors owned approximately 0.27% of Iron Mountain worth $83,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. World Investment Advisors LLC bought a new stake in Iron Mountain during the third quarter valued at about $554,000. Wilmington Savings Fund Society FSB bought a new position in shares of Iron Mountain during the 3rd quarter valued at approximately $837,000. Tidal Investments LLC increased its holdings in Iron Mountain by 254.1% in the 3rd quarter. Tidal Investments LLC now owns 20,536 shares of the financial services provider's stock worth $2,440,000 after acquiring an additional 14,737 shares in the last quarter. Principal Financial Group Inc. raised its stake in Iron Mountain by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 352,451 shares of the financial services provider's stock worth $41,882,000 after acquiring an additional 11,685 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Iron Mountain by 14.1% during the fourth quarter. GAMMA Investing LLC now owns 4,329 shares of the financial services provider's stock valued at $455,000 after purchasing an additional 535 shares in the last quarter. Institutional investors own 80.13% of the company's stock.

Insider Activity

In related news, CAO Daniel Borges sold 6,433 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $597,239.72. Following the sale, the chief accounting officer now directly owns 288 shares of the company's stock, valued at $26,737.92. This represents a 95.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mithu Bhargava sold 1,738 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $161,355.92. Following the transaction, the executive vice president now owns 13,054 shares of the company's stock, valued at $1,211,933.36. This trade represents a 11.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,848 shares of company stock valued at $22,470,124. 2.10% of the stock is currently owned by insiders.

Iron Mountain Stock Performance

IRM stock opened at $95.63 on Monday. The firm has a fifty day moving average price of $85.93 and a 200 day moving average price of $101.94. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $130.24. The firm has a market cap of $28.21 billion, a PE ratio of 156.76, a price-to-earnings-growth ratio of 5.15 and a beta of 1.08.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.01. The business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.59 billion. Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The business's revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.10 EPS. On average, equities analysts predict that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th will be issued a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, June 16th. Iron Mountain's dividend payout ratio (DPR) is 765.85%.

Analyst Upgrades and Downgrades

IRM has been the topic of several recent analyst reports. Truist Financial began coverage on shares of Iron Mountain in a research report on Tuesday, April 8th. They set a "buy" rating and a $95.00 price objective on the stock. Barclays lowered their price objective on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. StockNews.com raised Iron Mountain from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. JPMorgan Chase & Co. dropped their price target on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their price objective 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 research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $121.29.

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.

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