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

Kintegral Advisory LLC trimmed its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 32.9% in the first quarter, according to 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 period. Kintegral Advisory LLC's holdings in Iron Mountain were worth $696,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IRM. IMG Wealth Management Inc. acquired a new stake in shares of Iron Mountain in the fourth quarter valued at about $26,000. Cranbrook Wealth Management LLC acquired a new stake in Iron Mountain during the 1st quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new stake in Iron Mountain during the 1st quarter valued at approximately $30,000. Franchise Capital Ltd acquired a new stake in Iron Mountain during the 1st quarter valued at approximately $39,000. Finally, Crewe Advisors LLC increased its position in Iron Mountain by 10,000.0% during the 1st quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 500 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Walter C. Rakowich sold 900 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $99.97, for a total value of $89,973.00. Following the sale, the director directly owned 36,515 shares of the company's stock, valued at $3,650,404.55. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 91,081 shares in the company, valued at $9,292,083.62. This represents a 6.18% 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 worth $23,649,959. 1.90% of the stock is currently owned by corporate insiders.

Iron Mountain Trading Down 0.4%

Shares of IRM stock traded down $0.44 during trading on Monday, reaching $100.24. 1,328,883 shares of the company's stock traded hands, compared to its average volume of 1,798,785. The company has a market capitalization of $29.57 billion, a P/E ratio of 244.49 and a beta of 1.08. The firm's 50-day moving average is $99.24 and its 200 day moving average is $95.95. 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 posted its earnings results 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. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. Iron Mountain had a negative return on equity of 201.62% and a net margin of 1.97%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 earnings per share. As a group, sell-side analysts predict that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal 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 $0.785 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.13%. Iron Mountain's dividend payout ratio (DPR) is presently 765.85%.

Analysts Set New Price Targets

Several research firms have recently weighed in on IRM. Truist Financial began coverage on shares of Iron Mountain in a research report on Tuesday, April 8th. They set a "buy" rating and a $95.00 price objective for the company. 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 shares of Iron Mountain from $118.00 to $121.00 and gave the stock an "overweight" rating in a research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $121.71.

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.