Nomura Holdings Inc. Acquires 20,551 Shares of Iron Mountain Incorporated (NYSE:IRM)

Nomura Holdings Inc. raised its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 88.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,734 shares of the financial services provider's stock after purchasing an additional 20,551 shares during the quarter. Nomura Holdings Inc.'s holdings in Iron Mountain were worth $4,597,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Wealthfront Advisers LLC raised its holdings in shares of Iron Mountain by 9,843.3% during the 4th 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 in the last quarter. Northern Trust Corp raised its holdings in shares of Iron Mountain by 56.1% during the 4th quarter. Northern Trust Corp now owns 4,326,476 shares of the financial services provider's stock worth $454,756,000 after buying an additional 1,554,746 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Iron Mountain by 0.4% during 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 buying an additional 15,097 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Iron Mountain by 2.7% during the 4th 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 in the last quarter. Finally, Norges Bank acquired a new position in Iron Mountain during the 4th quarter worth approximately $348,249,000. Institutional investors and hedge funds own 80.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IRM shares. StockNews.com upgraded shares of Iron Mountain from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Truist Financial started coverage on shares of Iron Mountain in a research report on Tuesday, April 8th. They set a "buy" rating and a $95.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company lowered their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Finally, Barclays lowered their price objective on shares of Iron Mountain from $130.00 to $118.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. One equities 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $121.29.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 172,552 shares of the stock in a transaction on Monday, March 3rd. The shares were 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 directly owns 237,402 shares of the company's stock, valued at $21,681,924.66. This represents a 42.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mithu Bhargava sold 1,738 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total transaction of $161,355.92. Following the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at approximately $1,211,933.36. This represents a 11.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 318,973 shares of company stock worth $29,112,345 over the last three months. 2.10% of the stock is owned by company insiders.

Iron Mountain Stock Up 0.4%

NYSE IRM traded up $0.40 on Monday, hitting $101.01. The company's stock had a trading volume of 1,470,505 shares, compared to its average volume of 1,847,030. Iron Mountain Incorporated has a 1-year low of $72.33 and a 1-year high of $130.24. The company's 50-day moving average is $87.89 and its 200 day moving average is $99.97. The firm has a market cap of $29.80 billion, a PE ratio of 165.59, a PEG ratio of 5.15 and a beta of 1.08.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.95% and a negative return on equity of 401.83%. The company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same period in the prior year, the company posted $1.10 earnings per share. Iron Mountain's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect 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. Stockholders of record on Monday, June 16th will be given a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is 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.