Kintegral Advisory LLC Cuts Holdings in Iron Mountain Incorporated (NYSE:IRM)

Kintegral Advisory LLC trimmed its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,020 shares of the financial services provider's stock after selling 3,935 shares during the quarter. Kintegral Advisory LLC's holdings in Iron Mountain were worth $696,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new position in Iron Mountain during the fourth quarter valued at approximately $26,000. Cranbrook Wealth Management LLC purchased a new position in Iron Mountain during the first quarter valued at approximately $26,000. Golden State Wealth Management LLC purchased a new position in Iron Mountain during the first quarter valued at approximately $30,000. Franchise Capital Ltd purchased a new position in Iron Mountain during the first quarter valued at approximately $39,000. Finally, Crewe Advisors LLC increased its holdings in Iron Mountain by 10,000.0% during the first quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider's stock valued at $43,000 after buying an additional 500 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IRM shares. Truist Financial started coverage on shares of Iron Mountain in a report on Tuesday, April 8th. They issued a "buy" rating and a $95.00 price target on the stock. Wall Street Zen raised shares of Iron Mountain from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Barclays lifted their price target 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. One equities research 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $121.71.

Insider Buying and Selling at Iron Mountain

In related news, EVP Mark Kidd sold 6,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were 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 directly owned 91,081 shares in the company, valued at $9,292,083.62. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Walter C. Rakowich sold 900 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $99.97, for a total transaction of $89,973.00. Following the transaction, the director owned 36,515 shares of the company's stock, valued at $3,650,404.55. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 240,007 shares of company stock valued at $23,649,959. Company insiders own 1.90% of the company's stock.

Iron Mountain Trading Up 1.9%

Shares of NYSE:IRM traded up $1.92 on Friday, hitting $101.53. 914,630 shares of the company were exchanged, compared to its average volume of 1,800,671. Iron Mountain Incorporated has a 1-year low of $72.33 and a 1-year high of $130.24. The stock's 50 day moving average price is $99.01 and its 200 day moving average price is $95.98. The firm has a market capitalization of $29.95 billion, a P/E ratio of 247.62 and a beta of 1.08.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.17 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm 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 predict that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, June 16th. This represents a $3.14 dividend on an annualized basis and a yield of 3.09%. Iron Mountain's dividend payout ratio is presently 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.