Crossmark Global Holdings Inc. Has $5.34 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

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

A number of other large investors also recently made changes to their positions in the business. IMG Wealth Management Inc. acquired a new position in Iron Mountain in the fourth quarter worth approximately $26,000. Cranbrook Wealth Management LLC acquired a new position in Iron Mountain in the first quarter worth approximately $26,000. Golden State Wealth Management LLC acquired a new position in Iron Mountain in the first quarter worth approximately $30,000. Wayfinding Financial LLC acquired a new position in Iron Mountain in the first quarter worth approximately $37,000. Finally, Franchise Capital Ltd acquired a new position in Iron Mountain in the first quarter worth approximately $39,000. Institutional investors and hedge funds own 80.13% of the company's stock.

Analyst Ratings Changes

IRM has been the subject of a number of recent analyst reports. Barclays upped their target price on Iron Mountain from $118.00 to $121.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Wall Street Zen raised Iron Mountain from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, Truist Financial started coverage on Iron Mountain in a research report on Tuesday, April 8th. They set a "buy" rating and a $95.00 target price for the company. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Iron Mountain presently has a consensus rating of "Buy" and a consensus price target of $121.71.

Insider Transactions at Iron Mountain

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

Iron Mountain Trading Down 0.3%

IRM stock traded down $0.25 during midday trading on Wednesday, hitting $99.34. The stock had a trading volume of 1,353,802 shares, compared to its average volume of 1,795,582. The firm has a market capitalization of $29.31 billion, a price-to-earnings ratio of 242.29 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 stock has a 50-day simple moving average of $99.47 and a 200 day simple moving average of $95.97.

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 (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.01. Iron Mountain had a negative return on equity of 201.62% and a net margin of 1.97%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $1.10 earnings per share. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th were paid a $0.785 dividend. The ex-dividend date was Monday, June 16th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.16%. Iron Mountain's dividend payout ratio (DPR) is presently 765.85%.

Iron Mountain Company 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.