Cubist Systematic Strategies LLC trimmed its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,313 shares of the financial services provider's stock after selling 7,165 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Iron Mountain were worth $1,399,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of IRM. Key Financial Inc grew its position in Iron Mountain by 25,100.0% during the fourth quarter. Key Financial Inc now owns 252 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 251 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in Iron Mountain during the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. bought a new position in Iron Mountain during the fourth quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. grew its position in Iron Mountain by 46.4% during the fourth 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. Finally, Parkworth Wealth Management Inc. bought a new position in Iron Mountain during the fourth quarter valued at approximately $53,000. 80.13% of the stock is owned by hedge funds and other institutional investors.
Iron Mountain Stock Performance
IRM stock traded up $1.19 on Friday, reaching $100.69. The company's stock had a trading volume of 1,706,978 shares, compared to its average volume of 1,848,092. The business has a fifty day simple moving average of $87.89 and a two-hundred day simple moving average of $100.33. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $130.24. The firm has a market cap of $29.71 billion, a PE ratio of 165.06, a PEG ratio of 5.15 and a beta of 1.08.
Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings results 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. Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. As a group, research analysts anticipate that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.
Iron Mountain Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th will be given a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Monday, June 16th. Iron Mountain's dividend payout ratio is currently 765.85%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on IRM shares. StockNews.com upgraded shares of Iron Mountain from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Wells Fargo & Company cut their target price on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut their target price on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Truist Financial started coverage on shares of Iron Mountain in a report on Tuesday, April 8th. They issued a "buy" rating and a $95.00 target price on the stock. Finally, Barclays cut their target price on shares of Iron Mountain from $130.00 to $118.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $121.29.
Read Our Latest Report on Iron Mountain
Insider Buying and Selling at Iron Mountain
In related news, CEO William L. Meaney sold 69,125 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $86.11, for a total value of $5,952,353.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Daniel Borges sold 6,433 shares of the stock in a transaction that occurred on 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 directly owns 288 shares of the company's stock, valued at $26,737.92. This represents a 95.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 318,973 shares of company stock valued at $29,112,345. 2.10% of the stock is currently owned by company insiders.
Iron Mountain Profile
(
Free Report)
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.
Further Reading
Before you consider Iron Mountain, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Iron Mountain wasn't on the list.
While Iron Mountain currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
