Universal Beteiligungs und Servicegesellschaft mbH Sells 9,979 Shares of Iron Mountain Incorporated (NYSE:IRM)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,597 shares of the financial services provider's stock after selling 9,979 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of Iron Mountain worth $31,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IRM. Corebridge Financial Inc. lifted its holdings in Iron Mountain by 0.7% during the 4th quarter. Corebridge Financial Inc. now owns 76,267 shares of the financial services provider's stock worth $8,016,000 after purchasing an additional 524 shares in the last quarter. TD Asset Management Inc. lifted its holdings in shares of Iron Mountain by 125.4% in the fourth quarter. TD Asset Management Inc. now owns 1,952,432 shares of the financial services provider's stock worth $205,220,000 after buying an additional 1,086,308 shares in the last quarter. Trust Investment Advisors boosted its position in shares of Iron Mountain by 11.4% in the fourth quarter. Trust Investment Advisors now owns 18,163 shares of the financial services provider's stock valued at $1,909,000 after acquiring an additional 1,860 shares during the period. Korea Investment CORP grew its stake in Iron Mountain by 84.1% during the fourth quarter. Korea Investment CORP now owns 198,842 shares of the financial services provider's stock valued at $20,900,000 after acquiring an additional 90,851 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Iron Mountain by 7.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 657,443 shares of the financial services provider's stock worth $69,492,000 after acquiring an additional 45,569 shares during the period. Hedge funds and other institutional investors own 80.13% of the company's stock.

Insider Activity

In other Iron Mountain news, Director Walter C. Rakowich sold 900 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $99.97, for a total transaction of $89,973.00. Following the completion of the transaction, the director owned 36,515 shares of the company's stock, valued at $3,650,404.55. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Greg W. Mcintosh sold 17,334 shares of Iron Mountain stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $100.00, for a total value of $1,733,400.00. Following the completion of the sale, the executive vice president owned 35,446 shares in the company, valued at approximately $3,544,600. This represents a 32.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 240,007 shares of company stock valued at $23,649,959 in the last three months. Corporate insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IRM. 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 research report on Tuesday, May 27th. Wall Street Zen raised Iron Mountain from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, 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. One 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 MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $121.71.

Iron Mountain Stock Up 0.5%

Shares of Iron Mountain stock traded up $0.50 during trading on Friday, hitting $99.27. 654,672 shares of the stock traded hands, compared to its average volume of 1,399,010. The stock has a market cap of $29.29 billion, a price-to-earnings ratio of 242.11 and a beta of 1.08. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $130.24. The firm's fifty day moving average is $100.04 and its 200-day moving average is $95.45.

Iron Mountain (NYSE:IRM - Get Free Report) last released its earnings results 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. Iron Mountain had a net margin of 1.97% and a negative return on equity of 201.62%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the firm earned $1.10 EPS. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th were paid a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Monday, June 16th. Iron Mountain's dividend payout ratio (DPR) is presently 765.85%.

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.