25,444 Shares in Iron Mountain Incorporated (NYSE:IRM) Acquired by Aurora Investment Counsel

Aurora Investment Counsel acquired a new stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 25,444 shares of the financial services provider's stock, valued at approximately $2,189,000. Iron Mountain makes up approximately 1.2% of Aurora Investment Counsel's investment portfolio, making the stock its 27th largest position.

Other institutional investors also recently made changes to their positions in the company. Belpointe Asset Management LLC boosted its position in Iron Mountain by 1.6% during the 4th quarter. Belpointe Asset Management LLC now owns 7,250 shares of the financial services provider's stock valued at $821,000 after buying an additional 112 shares during the period. DoubleLine ETF Adviser LP boosted its position in Iron Mountain by 0.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 21,064 shares of the financial services provider's stock valued at $2,214,000 after buying an additional 114 shares during the period. Stratos Wealth Partners LTD. boosted its position in Iron Mountain by 3.7% during the 1st quarter. Stratos Wealth Partners LTD. now owns 3,312 shares of the financial services provider's stock valued at $285,000 after buying an additional 118 shares during the period. One Charles Private Wealth Services LLC boosted its position in Iron Mountain by 1.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 11,760 shares of the financial services provider's stock valued at $1,236,000 after buying an additional 119 shares during the period. Finally, Scotia Capital Inc. boosted its position in Iron Mountain by 2.8% during the 4th quarter. Scotia Capital Inc. now owns 4,618 shares of the financial services provider's stock valued at $486,000 after buying an additional 126 shares during the period. Hedge funds and other institutional investors own 80.13% of the company's stock.

Iron Mountain Stock Performance

Shares of Iron Mountain stock traded down $0.78 during trading on Tuesday, hitting $97.22. The company's stock had a trading volume of 1,731,127 shares, compared to its average volume of 1,784,473. The company has a market capitalization of $28.68 billion, a PE ratio of 237.12 and a beta of 1.08. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $130.24. The company has a fifty day simple moving average of $99.87 and a two-hundred day simple moving average of $95.73.

Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.01. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.59 billion. Iron Mountain had a net margin of 1.97% and a negative return on equity of 201.62%. Iron Mountain's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS. As a group, analysts predict that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th were issued a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Monday, June 16th. Iron Mountain's payout ratio is presently 765.85%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on IRM shares. 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 target for the company. Barclays raised their target price on shares of Iron Mountain from $118.00 to $121.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Finally, Wall Street Zen raised shares of Iron Mountain from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Iron Mountain presently has a consensus rating of "Buy" and an average target price of $121.71.

Insider Activity at Iron Mountain

In other news, Director Walter C. Rakowich sold 900 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $99.97, for a total transaction of $89,973.00. Following the sale, the director owned 36,515 shares of the company's stock, valued at $3,650,404.55. This trade represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William L. Meaney sold 69,125 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $100.36, for a total transaction of $6,937,385.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 240,007 shares of company stock worth $23,649,959. 1.90% of the stock is owned by insiders.

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.