Kintegral Advisory LLC Sells 3,935 Shares of Iron Mountain Incorporated (NYSE:IRM)

Kintegral Advisory LLC trimmed its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 32.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. IFM Investors Pty Ltd raised its holdings in Iron Mountain by 4.2% during the 1st quarter. IFM Investors Pty Ltd now owns 128,021 shares of the financial services provider's stock worth $11,015,000 after buying an additional 5,198 shares during the period. GF Fund Management CO. LTD. raised its holdings in Iron Mountain by 4.3% during the 1st quarter. GF Fund Management CO. LTD. now owns 5,558 shares of the financial services provider's stock worth $478,000 after buying an additional 228 shares during the period. Checchi Capital Advisers LLC raised its holdings in Iron Mountain by 10.4% during the 1st quarter. Checchi Capital Advisers LLC now owns 8,869 shares of the financial services provider's stock worth $763,000 after buying an additional 835 shares during the period. Rosenberg Matthew Hamilton raised its holdings in Iron Mountain by 56.3% during the 1st quarter. Rosenberg Matthew Hamilton now owns 1,680 shares of the financial services provider's stock worth $145,000 after buying an additional 605 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Iron Mountain by 117.7% during the 1st quarter. Principal Financial Group Inc. now owns 904,184 shares of the financial services provider's stock worth $77,796,000 after buying an additional 488,816 shares during the period. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Iron Mountain

In other news, EVP Greg W. Mcintosh sold 17,334 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $100.00, for a total value of $1,733,400.00. Following the completion of the sale, the executive vice president directly owned 35,446 shares in the company, valued at approximately $3,544,600. This trade represents a 32.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Kidd sold 6,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $102.02, for a total value of $612,120.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 240,007 shares of company stock valued at $23,649,959. Company insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

IRM has been the topic of several recent analyst reports. Truist Financial assumed coverage on Iron Mountain in a report on Tuesday, April 8th. They set a "buy" rating and a $95.00 price objective on the stock. 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. Finally, Wall Street Zen upgraded 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Iron Mountain currently has a consensus rating of "Buy" and a consensus price target of $121.71.

Iron Mountain Price Performance

NYSE:IRM traded down $0.46 during mid-day trading on Monday, reaching $100.22. The stock had a trading volume of 683,296 shares, compared to its average volume of 1,796,355. The business's 50 day moving average is $99.01 and its 200 day moving average is $95.98. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $130.24. The stock has a market cap of $29.57 billion, a P/E ratio of 244.15 and a beta of 1.08.

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 201.62% and a net margin of 1.97%. The firm had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors 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 3.13%. Iron Mountain's payout ratio is 765.85%.

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.