Triasima Portfolio Management inc. Has $211,000 Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Triasima Portfolio Management inc. lowered its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 91.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,450 shares of the financial services provider's stock after selling 26,090 shares during the period. Triasima Portfolio Management inc.'s holdings in Iron Mountain were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of IRM. Northern Trust Corp boosted its position in shares of Iron Mountain by 56.1% during the fourth quarter. Northern Trust Corp now owns 4,326,476 shares of the financial services provider's stock worth $454,756,000 after acquiring an additional 1,554,746 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 valued at $443,476,000 after purchasing an additional 15,097 shares in the last quarter. Norges Bank purchased a new position in shares of Iron Mountain in the 4th quarter worth approximately $348,249,000. Nuveen Asset Management LLC grew its position in Iron Mountain by 39.0% during the 4th quarter. Nuveen Asset Management LLC now owns 2,548,970 shares of the financial services provider's stock worth $267,922,000 after purchasing an additional 715,024 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Iron Mountain by 17.2% in the 4th quarter. Invesco Ltd. now owns 2,482,820 shares of the financial services provider's stock valued at $260,969,000 after acquiring an additional 363,783 shares during the last quarter. Institutional investors own 80.13% of the company's stock.

Insider Transactions at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $102.02, for a total transaction of $612,120.00. Following the transaction, the executive vice president owned 91,081 shares in the company, valued at $9,292,083.62. This trade represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William L. Meaney sold 69,125 shares of Iron Mountain stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $100.36, for a total value of $6,937,385.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 240,007 shares of company stock worth $23,649,959. Corporate insiders own 1.90% of the company's stock.

Iron Mountain Stock Up 0.5%

Shares of NYSE IRM traded up $0.46 during trading on Thursday, reaching $98.70. 1,097,411 shares of the stock were exchanged, compared to its average volume of 1,776,406. The business's 50-day moving average price is $99.93 and its 200 day moving average price is $95.71. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $130.24. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of 240.74 and a beta of 1.08.

Iron Mountain (NYSE:IRM - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $1.17 earnings per share 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 1.97% and a negative return on equity of 201.62%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. As a group, sell-side analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, June 16th were issued 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 yield of 3.18%. Iron Mountain's dividend payout ratio is currently 765.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays upped 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. Wall Street Zen raised shares of Iron Mountain from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Truist Financial began coverage on shares of Iron Mountain in a research note on Tuesday, April 8th. They issued a "buy" rating and a $95.00 price objective for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Iron Mountain presently has a consensus rating of "Buy" and an average price target of $121.71.

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.