NBC Securities Inc. Has $466,000 Stock Position in Iron Mountain Incorporated (NYSE:IRM)

NBC Securities Inc. grew its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 108,440.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,427 shares of the financial services provider's stock after acquiring an additional 5,422 shares during the period. NBC Securities Inc.'s holdings in Iron Mountain were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Czech National Bank lifted its stake in Iron Mountain by 6.0% in the first quarter. Czech National Bank now owns 67,467 shares of the financial services provider's stock valued at $5,805,000 after buying an additional 3,839 shares during the period. Mechanics Bank Trust Department bought a new stake in Iron Mountain in the first quarter valued at approximately $295,000. Rhumbline Advisers grew its holdings in shares of Iron Mountain by 4.2% in the 1st quarter. Rhumbline Advisers now owns 664,001 shares of the financial services provider's stock valued at $57,131,000 after buying an additional 26,795 shares during the period. Somerset Trust Co grew its holdings in shares of Iron Mountain by 17.4% in the 1st quarter. Somerset Trust Co now owns 5,501 shares of the financial services provider's stock valued at $473,000 after buying an additional 816 shares during the period. Finally, Delphi Management Inc. MA grew its holdings in shares of Iron Mountain by 12.2% in the 1st quarter. Delphi Management Inc. MA now owns 15,155 shares of the financial services provider's stock valued at $1,304,000 after buying an additional 1,644 shares during the period. Institutional investors and hedge funds own 80.13% of the company's stock.

Analyst Upgrades and Downgrades

IRM has been the subject of several research analyst reports. Barclays boosted their price target on shares of Iron Mountain from $118.00 to $121.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Wall Street Zen upgraded shares of Iron Mountain from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Truist Financial initiated 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. Finally, JPMorgan Chase & Co. reduced their price objective on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. One equities 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 stock. According to data from MarketBeat.com, Iron Mountain has an average rating of "Buy" and a consensus price target of $121.71.

Iron Mountain Price Performance

NYSE IRM traded up $0.99 during trading on Friday, reaching $102.27. 1,845,654 shares of the company's stock were exchanged, compared to its average volume of 1,863,659. The business has a 50 day moving average price of $91.33 and a 200-day moving average price of $98.26. The stock has a market capitalization of $30.17 billion, a P/E ratio of 167.66, a PEG ratio of 5.15 and a beta of 1.09. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $130.24.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.17 EPS for the quarter, beating 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 firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the firm posted $1.10 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th will be issued a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Monday, June 16th. Iron Mountain's dividend payout ratio is currently 765.85%.

Insider Buying and Selling at Iron Mountain

In other news, Director Walter C. Rakowich sold 900 shares of the company'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 transaction of $89,973.00. Following the completion of the sale, the director now owns 36,515 shares of the company's stock, valued at approximately $3,650,404.55. This represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 69,125 shares of the company's stock in a transaction that occurred on 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. Insiders sold 216,673 shares of company stock valued at $20,319,408 in the last quarter. Company insiders own 1.90% of the company's stock.

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.