Allworth Financial LP Has $4.42 Million Stock Position in Iron Mountain Incorporated (NYSE:IRM)

Allworth Financial LP boosted its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 6,889.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,189 shares of the financial services provider's stock after purchasing an additional 62,285 shares during the quarter. Allworth Financial LP's holdings in Iron Mountain were worth $4,422,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its stake in Iron Mountain by 1.7% in the fourth quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider's stock valued at $612,000 after buying an additional 156 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Iron Mountain by 17.1% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,171 shares of the financial services provider's stock valued at $82,000 after buying an additional 171 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Iron Mountain by 2.8% in the third quarter. J.W. Cole Advisors Inc. now owns 6,429 shares of the financial services provider's stock valued at $382,000 after buying an additional 177 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in Iron Mountain by 4.6% in the third quarter. Koshinski Asset Management Inc. now owns 4,293 shares of the financial services provider's stock valued at $255,000 after buying an additional 188 shares during the last quarter. Finally, Aspire Private Capital LLC lifted its stake in Iron Mountain by 2.1% in the third quarter. Aspire Private Capital LLC now owns 9,290 shares of the financial services provider's stock valued at $552,000 after buying an additional 188 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Iron Mountain Price Performance

Iron Mountain stock traded down $0.06 during midday trading on Friday, hitting $78.64. The company's stock had a trading volume of 915,961 shares, compared to its average volume of 1,269,670. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 55.78. The stock's 50-day moving average price is $75.03 and its 200-day moving average price is $67.63. Iron Mountain Incorporated has a 12 month low of $51.09 and a 12 month high of $82.19. The company has a market capitalization 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.

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

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were paid 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 yield of 3.31%. Iron Mountain's dividend payout ratio is currently 412.70%.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated 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 transaction, the chief executive officer now owns 295,650 shares of the company's stock, valued at approximately $19,947,505.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated 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 transaction, the chief executive officer now owns 295,650 shares of the company's stock, valued at approximately $19,947,505.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward Baker-Greene sold 4,941 shares of Iron Mountain stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.94, for a total value of $360,396.54. Following the completion of the transaction, the executive vice president now directly owns 3,365 shares in the company, valued at approximately $245,443.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 162,124 shares of company stock valued at $12,395,052. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Iron Mountain from $65.00 to $76.00 and gave the company a "buy" rating in a research note on Tuesday, January 23rd. TheStreet cut shares of Iron Mountain from a "b" rating to a "c" rating in a research note on Thursday, February 22nd. 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 research note on Friday, March 15th. Finally, Barclays lifted their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.80.

Iron Mountain Company 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.