Centiva Capital LP lifted its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,711 shares of the financial services provider's stock after purchasing an additional 4,585 shares during the period. Centiva Capital LP's holdings in Iron Mountain were worth $3,438,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC increased its holdings in shares of Iron Mountain by 9,843.3% in 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 during the period. Northern Trust Corp raised its stake in 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 valued at $454,756,000 after buying an additional 1,554,746 shares in the last quarter. Dimensional Fund Advisors LP increased 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 worth $443,476,000 after acquiring an additional 15,097 shares during the period. Charles Schwab Investment Management Inc. increased 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 valued at $365,656,000 after acquiring an additional 92,475 shares during the period. Finally, Norges Bank purchased a new stake in Iron Mountain during the fourth quarter valued at about $348,249,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.
Iron Mountain Trading Up 1.5 %
NYSE IRM opened at $97.18 on Tuesday. The stock has a market capitalization of $28.66 billion, a price-to-earnings ratio of 159.31, a PEG ratio of 5.15 and a beta of 1.08. The business's 50 day moving average is $86.01 and its two-hundred day moving average is $101.74. 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 released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. Equities analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.
Iron Mountain Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 16th will be given a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Monday, June 16th. Iron Mountain's dividend payout ratio is currently 765.85%.
Insider Buying and Selling at Iron Mountain
In other Iron Mountain news, CAO Daniel Borges sold 6,433 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total value of $597,239.72. Following the completion of the sale, the chief accounting officer now owns 288 shares of the company's stock, valued at approximately $26,737.92. This trade represents a 95.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 172,552 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $91.33, for a total transaction of $15,759,174.16. Following the transaction, the chief executive officer now owns 237,402 shares of the company's stock, valued at $21,681,924.66. This represents a 42.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 249,848 shares of company stock worth $22,470,124. Insiders own 2.10% of the company's stock.
Analysts Set New Price Targets
IRM has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of 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 initiated coverage on shares of Iron Mountain in a research report on Tuesday, April 8th. They issued a "buy" rating and a $95.00 price objective on the stock. Barclays dropped their price target on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company reduced their target price on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Finally, StockNews.com upgraded Iron Mountain from a "sell" rating to a "hold" rating in a report on Friday, April 18th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $121.29.
Check Out Our Latest Report on Iron Mountain
Iron Mountain Company Profile
(
Free Report)
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.
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