Ensign Peak Advisors Inc Has $24.41 Million Stock Position in Iron Mountain Incorporated (NYSE:IRM)

Ensign Peak Advisors Inc grew its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 232,200 shares of the financial services provider's stock after purchasing an additional 7,759 shares during the period. Ensign Peak Advisors Inc owned approximately 0.08% of Iron Mountain worth $24,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in IRM. Merit Financial Group LLC increased its position in Iron Mountain by 91.5% during the fourth quarter. Merit Financial Group LLC now owns 14,933 shares of the financial services provider's stock worth $1,570,000 after purchasing an additional 7,137 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Iron Mountain by 151.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,147 shares of the financial services provider's stock valued at $961,000 after purchasing an additional 5,511 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Iron Mountain in the 4th quarter valued at $102,000. U.S. Capital Wealth Advisors LLC lifted its stake in Iron Mountain by 1,453.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 113,002 shares of the financial services provider's stock worth $11,878,000 after acquiring an additional 105,726 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Iron Mountain by 36.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,341 shares of the financial services provider's stock valued at $1,087,000 after purchasing an additional 2,768 shares during the period. Institutional investors and hedge funds own 80.13% of the company's stock.

Iron Mountain Trading Down 0.5%

IRM traded down $0.44 during trading hours on Wednesday, hitting $96.94. The company's stock had a trading volume of 1,764,157 shares, compared to its average volume of 1,845,979. 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 capitalization of $28.60 billion, a PE ratio of 158.92, a PEG ratio of 5.15 and a beta of 1.08. The company has a 50-day simple moving average of $86.99 and a 200 day simple moving average of $100.74.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.01. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. Research analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal 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 given a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, June 16th. Iron Mountain's dividend payout ratio (DPR) is presently 765.85%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on IRM shares. Wells Fargo & Company decreased their price target on Iron Mountain from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. StockNews.com upgraded Iron Mountain from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. JPMorgan Chase & Co. cut their price objective on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Truist Financial started 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 for the company. Finally, Barclays lowered their target price on shares of Iron Mountain from $130.00 to $118.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Iron Mountain has a consensus rating of "Buy" and a consensus price target of $121.29.

Insider Activity

In other news, 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 directly owns 288 shares in the company, valued at $26,737.92. The trade was a 95.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mithu Bhargava sold 1,738 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 value of $161,355.92. Following the completion of the transaction, the executive vice president now owns 13,054 shares in the company, valued at $1,211,933.36. This represents a 11.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 318,973 shares of company stock valued at $29,112,345 over the last three months. Insiders own 2.10% of the company's stock.

About Iron Mountain

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.