Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC boosted its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 28.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,183 shares of the financial services provider's stock after buying an additional 4,005 shares during the quarter. RFG Advisory LLC's holdings in Iron Mountain were worth $1,564,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of Iron Mountain during the 4th quarter valued at about $102,000. Strategic Financial Concepts LLC increased its position in Iron Mountain by 10,432.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 242,564 shares of the financial services provider's stock worth $243,000 after purchasing an additional 240,261 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in Iron Mountain by 3.5% during the fourth quarter. Ensign Peak Advisors Inc now owns 232,200 shares of the financial services provider's stock worth $24,407,000 after purchasing an additional 7,759 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Iron Mountain by 1.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 910,723 shares of the financial services provider's stock worth $95,726,000 after buying an additional 10,160 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Iron Mountain by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 55,571 shares of the financial services provider's stock worth $5,841,000 after buying an additional 5,150 shares during the period. Hedge funds and other institutional investors own 80.13% of the company's stock.

Iron Mountain Price Performance

Iron Mountain stock traded up $0.99 during midday trading on Friday, hitting $102.27. 1,845,654 shares of the stock were exchanged, compared to its average volume of 1,865,014. Iron Mountain Incorporated has a 1 year low of $72.33 and a 1 year high of $130.24. The firm has a market cap of $30.17 billion, a P/E ratio of 167.66, a P/E/G ratio of 5.15 and a beta of 1.09. The company has a 50 day moving average price of $91.02 and a two-hundred day moving average price of $98.36.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.01. Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the company earned $1.10 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts predict that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th will be paid a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, June 16th. Iron Mountain's dividend payout ratio (DPR) is currently 765.85%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial began coverage on Iron Mountain in a research report on Tuesday, April 8th. They set a "buy" rating and a $95.00 price target for the company. 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 report on Tuesday, February 18th. Wall Street Zen upgraded Iron Mountain from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Barclays raised their price objective on Iron Mountain from $118.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $121.71.

Insider Transactions at Iron Mountain

In other news, EVP Greg W. Mcintosh sold 8,398 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.14, for a total value of $807,383.72. Following the sale, the executive vice president now owns 70,114 shares in the company, valued at approximately $6,740,759.96. This represents a 10.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 69,125 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $96.09, for a total transaction of $6,642,221.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 216,673 shares of company stock valued at $20,319,408. 1.90% of the stock is currently owned by corporate 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.