Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,028 shares of the financial services provider's stock after acquiring an additional 4,422 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Iron Mountain were worth $5,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IMG Wealth Management Inc. acquired a new position in shares of Iron Mountain during the 4th quarter valued at $26,000. Cranbrook Wealth Management LLC acquired a new position in Iron Mountain in the 1st quarter worth $26,000. Golden State Wealth Management LLC acquired a new position in Iron Mountain in the 1st quarter worth $30,000. Wayfinding Financial LLC acquired a new position in Iron Mountain in the 1st quarter worth $37,000. Finally, Franchise Capital Ltd acquired a new position in Iron Mountain in the 1st quarter worth $39,000. Institutional investors and hedge funds own 80.13% of the company's stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, Director Walter C. Rakowich sold 900 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $99.97, for a total value of $89,973.00. Following the completion of the transaction, the director owned 36,515 shares in the company, valued at approximately $3,650,404.55. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Kidd sold 6,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $102.02, for a total transaction of $612,120.00. Following the completion of the transaction, the executive vice president owned 91,081 shares of the company's stock, valued at approximately $9,292,083.62. This trade represents a 6.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 240,007 shares of company stock worth $23,649,959 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $99.65 on Wednesday. The firm has a market cap of $29.40 billion, a PE ratio of 243.05 and a beta of 1.08. The firm's 50-day simple moving average is $99.47 and its 200-day simple moving average is $95.97. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $130.24.

Iron Mountain (NYSE:IRM - Get Free Report) last announced 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. Iron Mountain had a net margin of 1.97% and a negative return on equity of 201.62%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, June 16th were given a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Monday, June 16th. Iron Mountain's dividend payout ratio is presently 765.85%.

Analysts Set New Price Targets

A number of brokerages have commented on IRM. Barclays boosted their price objective on shares of Iron Mountain from $118.00 to $121.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. Truist Financial began coverage on shares of Iron Mountain in a report on Tuesday, April 8th. They issued a "buy" rating and a $95.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Iron Mountain from a "sell" rating to a "hold" rating in a report on Friday, April 18th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.