Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,142,117 shares of the financial services provider's stock after purchasing an additional 36,518 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.39% of Iron Mountain worth $80,900,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Iron Mountain by 201.7% during the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider's stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Iron Mountain during the fourth quarter worth $26,000. Harbor Investment Advisory LLC lifted its position in shares of Iron Mountain by 92.2% during the third quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider's stock worth $25,000 after purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of Iron Mountain by 6,983.3% during the third quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider's stock worth $25,000 after purchasing an additional 419 shares during the last quarter. Finally, First Capital Advisors Group LLC. bought a new stake in shares of Iron Mountain in the second quarter valued at about $25,000. 80.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Iron Mountain Stock Down 0.1 %

NYSE IRM traded down $0.06 during midday trading on Friday, hitting $78.64. 915,961 shares of the company traded hands, compared to its average volume of 1,269,670. The company has a debt-to-equity ratio of 55.78, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $22.98 billion, a PE ratio of 124.83, a price-to-earnings-growth ratio of 4.73 and a beta of 0.94. The company's 50-day simple moving average is $75.03 and its 200-day simple moving average is $67.60. Iron Mountain Incorporated has a 52 week low of $51.09 and a 52 week high of $82.19.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.48). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The firm's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. As a group, equities research analysts forecast that Iron Mountain Incorporated will post 4.16 earnings per share for the current year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.31%. Iron Mountain's payout ratio is 412.70%.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 115,979 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $78.90, for a total value of $9,150,743.10. Following the completion of the sale, the chief executive officer now owns 432,682 shares of the company's stock, valued at approximately $34,138,609.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO William L. Meaney sold 115,979 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $78.90, for a total value of $9,150,743.10. Following the completion of the sale, the chief executive officer now owns 432,682 shares of the company's stock, valued at approximately $34,138,609.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the firm's stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $67.47, for a total value of $1,071,086.25. Following the completion of the transaction, the chief executive officer now owns 295,650 shares of the company's stock, valued at approximately $19,947,505.50. The disclosure for this sale can be found here. Insiders sold 162,124 shares of company stock valued at $12,395,052 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Iron Mountain Company Profile

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.