Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC trimmed its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 72.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,063 shares of the financial services provider's stock after selling 46,780 shares during the period. Snowden Capital Advisors LLC's holdings in Iron Mountain were worth $1,912,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Wealthfront Advisers LLC raised its position in Iron Mountain by 9,843.3% during the fourth quarter. Wealthfront Advisers LLC now owns 6,864,832 shares of the financial services provider's stock valued at $721,562,000 after purchasing an additional 6,795,792 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Iron Mountain by 56.1% in the 4th quarter. Northern Trust Corp now owns 4,326,476 shares of the financial services provider's stock valued at $454,756,000 after purchasing an additional 1,554,746 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Iron Mountain by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,219,263 shares of the financial services provider's stock worth $443,476,000 after purchasing an additional 15,097 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Iron Mountain by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,790 shares of the financial services provider's stock valued at $365,656,000 after purchasing an additional 92,475 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Iron Mountain in the 4th quarter worth approximately $348,249,000. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Price Performance

Shares of IRM stock traded down $0.02 during mid-day trading on Friday, hitting $95.79. The stock had a trading volume of 261,517 shares, compared to its average volume of 1,843,819. The firm has a market capitalization of $28.26 billion, a P/E ratio of 156.83, a price-to-earnings-growth ratio of 5.15 and a beta of 1.08. The firm's 50-day moving average is $88.81 and its two-hundred day moving average is $99.63. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $130.24.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.16 by $0.01. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.59 billion. Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. Iron Mountain's revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. Analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current 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 paid a dividend of $0.785 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.14 annualized dividend and a yield of 3.28%. Iron Mountain's dividend payout ratio (DPR) is presently 765.85%.

Analyst Ratings Changes

IRM has been the topic of several analyst reports. Wall Street Zen upgraded shares of Iron Mountain from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. JPMorgan Chase & Co. decreased their price objective on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Truist Financial assumed coverage on shares of Iron Mountain in a report on Tuesday, April 8th. They set a "buy" rating and a $95.00 price target on the stock. Wells Fargo & Company decreased their price target on Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Finally, Barclays cut their price objective on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $121.29.

Insiders Place Their Bets

In other news, CAO Daniel Borges sold 6,433 shares of Iron Mountain stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total transaction of $597,239.72. Following the transaction, the chief accounting officer now owns 288 shares in the company, valued at $26,737.92. The trade was a 95.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William L. Meaney sold 172,552 shares of Iron Mountain stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $91.33, for a total value of $15,759,174.16. Following the completion of the sale, the chief executive officer now owns 237,402 shares in the company, valued at $21,681,924.66. This represents a 42.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 318,973 shares of company stock valued at $29,112,345 in the last 90 days. 2.10% of the stock is owned by insiders.

Iron Mountain Company 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.