14,263 Shares in Iron Mountain Incorporated (NYSE:IRM) Acquired by Comprehensive Money Management Services LLC

Comprehensive Money Management Services LLC bought a new stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,263 shares of the financial services provider's stock, valued at approximately $1,499,000. Iron Mountain accounts for 1.2% of Comprehensive Money Management Services LLC's investment portfolio, making the stock its 16th biggest holding.

Several other institutional investors have also modified their holdings of IRM. Janney Montgomery Scott LLC lifted its stake in shares of Iron Mountain by 4.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 92,363 shares of the financial services provider's stock worth $9,708,000 after buying an additional 4,350 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Iron Mountain by 151.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 9,147 shares of the financial services provider's stock worth $961,000 after buying an additional 5,511 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Iron Mountain by 12.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 8,906 shares of the financial services provider's stock worth $936,000 after buying an additional 977 shares in the last quarter. Strategic Investment Advisors MI lifted its stake in shares of Iron Mountain by 2.5% in the fourth quarter. Strategic Investment Advisors MI now owns 10,345 shares of the financial services provider's stock worth $1,087,000 after buying an additional 255 shares in the last quarter. Finally, PFG Investments LLC lifted its stake in shares of Iron Mountain by 4.6% in the fourth quarter. PFG Investments LLC now owns 25,602 shares of the financial services provider's stock worth $2,691,000 after buying an additional 1,130 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Insider Activity

In other news, CEO William L. Meaney sold 69,125 shares of the business's 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 filing with the SEC, which is available through the SEC website. Also, CEO William L. Meaney sold 172,552 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $91.33, for a total transaction of $15,759,174.16. Following the completion of the sale, the chief executive officer now directly owns 237,402 shares in the company, valued at $21,681,924.66. This trade represents a 42.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,371 shares of company stock valued at $29,919,729. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial assumed coverage on shares of Iron Mountain in a research note on Tuesday, April 8th. They issued a "buy" rating and a $95.00 price target on the stock. Wells Fargo & Company reduced their target price on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Wall Street Zen raised shares of Iron Mountain from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. JPMorgan Chase & Co. reduced their target price on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays lifted their target price on shares of Iron Mountain from $118.00 to $121.00 and gave the stock an "overweight" rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Iron Mountain has an average rating of "Buy" and an average target price of $121.71.

Iron Mountain Trading Up 0.8%

IRM stock traded up $0.83 during trading on Friday, reaching $98.63. 4,731,334 shares of the stock were exchanged, compared to its average volume of 1,867,659. The business has a 50 day moving average price of $89.88 and a 200-day moving average price of $98.76. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $130.24. The firm has a market capitalization of $29.10 billion, a price-to-earnings ratio of 161.69, a P/E/G ratio of 5.15 and a beta of 1.08.

Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.01. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $1.10 EPS. On average, research analysts anticipate 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 will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th will be paid a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Monday, June 16th. Iron Mountain's dividend payout ratio (DPR) is 765.85%.

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.