48,826 Shares in Iron Mountain Incorporated (NYSE:IRM) Bought by FORA Capital LLC

FORA Capital LLC acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 48,826 shares of the financial services provider's stock, valued at approximately $5,132,000.

Several other large investors have also recently added to or reduced their stakes in IRM. Principal Financial Group Inc. raised its holdings in Iron Mountain by 3.4% in the 3rd quarter. Principal Financial Group Inc. now owns 352,451 shares of the financial services provider's stock valued at $41,882,000 after acquiring an additional 11,685 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Iron Mountain by 2.5% in the 4th quarter. Nordea Investment Management AB now owns 27,961 shares of the financial services provider's stock valued at $2,907,000 after purchasing an additional 685 shares during the period. Fortitude Family Office LLC grew its stake in shares of Iron Mountain by 1.7% in the 4th quarter. Fortitude Family Office LLC now owns 8,695 shares of the financial services provider's stock valued at $914,000 after purchasing an additional 147 shares during the period. ORG Partners LLC grew its stake in shares of Iron Mountain by 178.6% in the 4th quarter. ORG Partners LLC now owns 15,609 shares of the financial services provider's stock valued at $1,641,000 after purchasing an additional 10,006 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Iron Mountain by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 42,383 shares of the financial services provider's stock valued at $4,455,000 after purchasing an additional 446 shares during the period. Institutional investors and hedge funds own 80.13% of the company's stock.

Iron Mountain Trading Up 1.0%

NYSE IRM traded up $0.96 during trading hours on Monday, reaching $98.03. 915,351 shares of the company's stock were exchanged, compared to its average volume of 1,844,384. The stock has a market cap of $28.92 billion, a PE ratio of 160.70, a price-to-earnings-growth ratio of 5.15 and a beta of 1.08. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $130.24. The firm has a fifty day moving average of $86.50 and a 200-day moving average of $100.97.

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 analysts' consensus estimates of $1.16 by $0.01. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. As a group, research analysts forecast that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th will be given a $0.785 dividend. The ex-dividend date is Monday, June 16th. This represents a $3.14 dividend on an annualized basis and a yield of 3.20%. Iron Mountain's payout ratio is 765.85%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IRM. StockNews.com upgraded Iron Mountain from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Barclays lowered their price objective on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company lowered their price objective on Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered 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. Finally, Truist Financial initiated coverage on Iron Mountain in a research report on Tuesday, April 8th. They set a "buy" rating and a $95.00 price target on the stock. One 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, Iron Mountain has an average rating of "Buy" and an average target price of $121.29.

Insider Buying and Selling at Iron Mountain

In other news, CEO William L. Meaney sold 69,125 shares of the 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Daniel Borges sold 6,433 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $597,239.72. Following the completion of the transaction, the chief accounting officer now directly owns 288 shares in the company, valued at approximately $26,737.92. This trade represents a 95.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 318,973 shares of company stock worth $29,112,345. Insiders own 2.10% 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.