Czech National Bank Acquires 3,839 Shares of Iron Mountain Incorporated (NYSE:IRM)

Czech National Bank grew its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,467 shares of the financial services provider's stock after acquiring an additional 3,839 shares during the period. Czech National Bank's holdings in Iron Mountain were worth $5,805,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Mechanics Bank Trust Department acquired a new stake in Iron Mountain during the 1st quarter worth about $295,000. Rhumbline Advisers grew its holdings in Iron Mountain by 4.2% during the 1st quarter. Rhumbline Advisers now owns 664,001 shares of the financial services provider's stock worth $57,131,000 after acquiring an additional 26,795 shares during the period. Somerset Trust Co grew its holdings in Iron Mountain by 17.4% during the 1st quarter. Somerset Trust Co now owns 5,501 shares of the financial services provider's stock worth $473,000 after acquiring an additional 816 shares during the period. Delphi Management Inc. MA grew its holdings in Iron Mountain by 12.2% during the 1st quarter. Delphi Management Inc. MA now owns 15,155 shares of the financial services provider's stock worth $1,304,000 after acquiring an additional 1,644 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Iron Mountain by 7,794.5% during the 1st quarter. GAMMA Investing LLC now owns 341,751 shares of the financial services provider's stock worth $29,404,000 after purchasing an additional 337,422 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Stock Performance

Iron Mountain stock traded up $1.00 during mid-day trading on Thursday, reaching $101.21. The company's stock had a trading volume of 1,491,247 shares, compared to its average volume of 1,863,426. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $130.24. The company has a market capitalization of $29.86 billion, a P/E ratio of 165.92, a PEG ratio of 5.15 and a beta of 1.09. The firm's fifty day moving average price is $90.72 and its two-hundred day moving average price is $98.46.

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, beating the consensus estimate of $1.16 by $0.01. Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the firm earned $1.10 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts predict that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th will be issued a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Monday, June 16th. Iron Mountain's dividend payout ratio is currently 765.85%.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 69,125 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $96.09, for a total transaction of $6,642,221.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Greg W. Mcintosh sold 8,398 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.14, for a total value of $807,383.72. Following the transaction, the executive vice president now directly owns 70,114 shares in the company, valued at $6,740,759.96. This trade represents a 10.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 215,773 shares of company stock valued at $20,229,435. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports 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 objective on the stock. Wall Street Zen upgraded 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 Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, Barclays upped their target price on Iron Mountain from $118.00 to $121.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $121.71.

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.