Iron Mountain Incorporated (NYSE:IRM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 86.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 426,223 shares of the financial services provider's stock after selling 2,744,327 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of Iron Mountain worth $44,800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in IRM. Wealthfront Advisers LLC increased 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 worth $721,562,000 after buying an additional 6,795,792 shares during the period. Northern Trust Corp increased its holdings 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 acquiring an additional 1,554,746 shares during the period. 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 valued at $443,476,000 after purchasing an additional 15,097 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Iron Mountain by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,790 shares of the financial services provider's stock worth $365,656,000 after buying an additional 92,475 shares during the period. Finally, Norges Bank purchased a new position in shares of Iron Mountain in the 4th quarter valued at approximately $348,249,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IRM has been the subject of several recent analyst reports. Wall Street Zen raised Iron Mountain from a "sell" rating to a "hold" rating in a report on Friday, April 18th. 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 report on Tuesday. JPMorgan Chase & Co. decreased their price target 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. Wells Fargo & Company dropped their price objective on Iron Mountain from $135.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, Truist Financial started coverage on Iron Mountain in a research report on Tuesday, April 8th. They set a "buy" rating and a $95.00 target price on the stock. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $121.71.

Iron Mountain Stock Up 0.5%

Shares of IRM traded up $0.51 during mid-day trading on Thursday, reaching $97.80. 803,988 shares of the company's stock were exchanged, compared to its average volume of 1,848,674. Iron Mountain Incorporated has a 52-week low of $72.33 and a 52-week high of $130.24. The company has a market cap of $28.85 billion, a price-to-earnings ratio of 160.22, a PEG ratio of 5.15 and a beta of 1.08. The company has a 50-day simple moving average of $89.51 and a two-hundred day simple moving average of $99.01.

Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the business posted $1.10 earnings per share. Iron Mountain's revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts predict that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 16th will be paid a $0.785 dividend. This represents a $3.14 annualized dividend and a yield of 3.21%. The ex-dividend date is Monday, June 16th. Iron Mountain's payout ratio is 765.85%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 69,125 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $96.09, for a total value of $6,642,221.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Greg W. Mcintosh sold 8,398 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.14, for a total value of $807,383.72. Following the transaction, the executive vice president now directly owns 70,114 shares in the company, valued at approximately $6,740,759.96. This represents a 10.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 327,371 shares of company stock worth $29,919,729. Corporate insiders own 2.10% of the company's stock.

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.