SG Americas Securities LLC Has $2.16 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

SG Americas Securities LLC reduced its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 84.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,853 shares of the financial services provider's stock after selling 161,665 shares during the period. SG Americas Securities LLC's holdings in Iron Mountain were worth $2,159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waverly Advisors LLC bought a new position in shares of Iron Mountain during the third quarter worth about $1,993,000. Allspring Global Investments Holdings LLC lifted its position in shares of Iron Mountain by 99.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 84,958 shares of the financial services provider's stock worth $5,051,000 after purchasing an additional 42,407 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Iron Mountain by 6.1% during the third quarter. Public Sector Pension Investment Board now owns 59,274 shares of the financial services provider's stock worth $3,524,000 after purchasing an additional 3,405 shares during the last quarter. Cohen & Steers Inc. lifted its position in shares of Iron Mountain by 163.9% during the second quarter. Cohen & Steers Inc. now owns 7,725,767 shares of the financial services provider's stock worth $438,926,000 after purchasing an additional 4,798,010 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Iron Mountain by 3.5% during the third quarter. UBS Group AG now owns 892,448 shares of the financial services provider's stock worth $53,056,000 after purchasing an additional 30,140 shares during the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Stock Performance

Shares of NYSE:IRM traded up $0.07 during trading hours on Thursday, hitting $80.21. The stock had a trading volume of 1,342,783 shares, compared to its average volume of 1,518,485. The stock's fifty day simple moving average is $73.63 and its 200 day simple moving average is $66.90. Iron Mountain Incorporated has a 1-year low of $50.49 and a 1-year high of $82.19. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of 127.32, a PEG ratio of 4.69 and a beta of 0.94. The company has a debt-to-equity ratio of 55.78, a quick ratio of 0.78 and a current ratio of 0.78.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.48). Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business earned $0.98 EPS. Iron Mountain's revenue was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Iron Mountain Incorporated will post 4.16 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Friday, March 15th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, March 14th. Iron Mountain's payout ratio is 412.70%.

Insider Buying and Selling

In related news, EVP Mark Kidd sold 11,376 shares of the firm's stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $69.90, for a total transaction of $795,182.40. Following the completion of the sale, the executive vice president now directly owns 42,739 shares in the company, valued at $2,987,456.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Mark Kidd sold 11,376 shares of the firm's stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $69.90, for a total value of $795,182.40. Following the completion of the transaction, the executive vice president now owns 42,739 shares of the company's stock, valued at approximately $2,987,456.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah Marson sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $66.16, for a total transaction of $132,320.00. Following the completion of the transaction, the executive vice president now directly owns 50,026 shares of the company's stock, valued at approximately $3,309,720.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,983 shares of company stock worth $13,030,171. Corporate insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

IRM has been the topic of several research analyst reports. TheStreet cut shares of Iron Mountain from a "b" rating to a "c" rating in a research report on Thursday, February 22nd. Stifel Nicolaus increased their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, January 23rd. Barclays increased their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 5th. Finally, Wells Fargo & Company increased their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.80.

About Iron Mountain

Iron Mountain Incorporated NYSE: IRM is a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work.