ORG Partners LLC Sells 13,951 Shares of Iron Mountain Incorporated (NYSE:IRM)

ORG Partners LLC lowered its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 89.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,658 shares of the financial services provider's stock after selling 13,951 shares during the quarter. ORG Partners LLC's holdings in Iron Mountain were worth $153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of IRM. Proficio Capital Partners LLC purchased a new stake in shares of Iron Mountain in the fourth quarter valued at $102,000. Assenagon Asset Management S.A. raised its stake in shares of Iron Mountain by 3.5% in the first quarter. Assenagon Asset Management S.A. now owns 11,538 shares of the financial services provider's stock valued at $993,000 after acquiring an additional 388 shares during the period. Miracle Mile Advisors LLC raised its stake in shares of Iron Mountain by 134.7% in the first quarter. Miracle Mile Advisors LLC now owns 7,545 shares of the financial services provider's stock valued at $649,000 after acquiring an additional 4,330 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Iron Mountain by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 176,632 shares of the financial services provider's stock valued at $15,197,000 after acquiring an additional 2,530 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Iron Mountain by 4.0% in the first quarter. Farther Finance Advisors LLC now owns 4,773 shares of the financial services provider's stock valued at $415,000 after acquiring an additional 185 shares during the period. Institutional investors own 80.13% of the company's stock.

Iron Mountain Price Performance

IRM stock opened at $101.32 on Friday. The company has a market capitalization of $29.89 billion, a PE ratio of 247.12 and a beta of 1.09. Iron Mountain Incorporated has a 12 month low of $72.33 and a 12 month high of $130.24. The firm's 50-day moving average is $95.44 and its 200 day moving average is $96.77.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. Iron Mountain had a net margin of 1.97% and a negative return on equity of 201.62%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 EPS. Sell-side analysts forecast 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 will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th will be given a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, June 16th. Iron Mountain's dividend payout ratio (DPR) is 765.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial assumed coverage on shares of Iron Mountain in a research note on Tuesday, April 8th. They issued a "buy" rating and a $95.00 target price on the stock. Barclays increased their target price on shares of Iron Mountain from $118.00 to $121.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen raised shares of Iron Mountain from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Iron Mountain currently has an average rating of "Buy" and a consensus price target of $121.71.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 69,125 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $98.77, for a total transaction of $6,827,476.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Walter C. Rakowich sold 900 shares of the firm's stock in a transaction dated 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 now directly owns 36,515 shares in the company, valued at $3,650,404.55. This trade represents a 2.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 216,673 shares of company stock valued at $20,319,408. Company insiders own 1.90% of the company's stock.

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.

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