Iron Mountain Incorporated (NYSE:IRM) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 296,584 shares of the financial services provider's stock after selling 19,511 shares during the period. New York State Teachers Retirement System owned about 0.10% of Iron Mountain worth $20,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of IRM. Moneta Group Investment Advisors LLC purchased a new stake in Iron Mountain during the 4th quarter worth approximately $224,698,000. Wellington Management Group LLP increased its stake in Iron Mountain by 315.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,012,260 shares of the financial services provider's stock worth $179,079,000 after buying an additional 2,286,711 shares in the last quarter. Norges Bank purchased a new stake in Iron Mountain during the 4th quarter worth approximately $97,752,000. Ameriprise Financial Inc. increased its stake in Iron Mountain by 214.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,727,813 shares of the financial services provider's stock worth $103,744,000 after buying an additional 1,178,754 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Iron Mountain by 49.7% during the 3rd quarter. Invesco Ltd. now owns 3,243,435 shares of the financial services provider's stock worth $192,822,000 after buying an additional 1,077,339 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company's stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $67.43, for a total value of $134,860.00. Following the sale, the executive vice president now owns 48,026 shares of the company's stock, valued at $3,238,393.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Mark Kidd sold 4,458 shares of the company's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $80.21, for a total transaction of $357,576.18. Following the sale, the executive vice president now owns 62,938 shares of the company's stock, valued at $5,048,256.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah Marson sold 2,000 shares of the company's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $67.43, for a total value of $134,860.00. Following the sale, the executive vice president now directly owns 48,026 shares in the company, valued at approximately $3,238,393.18. The disclosure for this sale can be found here. Insiders have sold a total of 148,249 shares of company stock valued at $11,480,926 over the last quarter. 2.20% of the stock is owned by company insiders.

Iron Mountain Price Performance

Shares of Iron Mountain stock traded up $0.46 on Tuesday, hitting $79.20. 937,938 shares of the company were exchanged, compared to its average volume of 1,460,363. The stock has a market capitalization of $23.15 billion, a price-to-earnings ratio of 125.72, a price-to-earnings-growth ratio of 4.73 and a beta of 0.94. The company has a 50-day moving average price of $75.47 and a 200 day moving average price of $67.87. Iron Mountain Incorporated has a 1-year low of $51.62 and a 1-year high of $82.19. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 55.78.

Iron Mountain (NYSE:IRM - Get Free Report) last released 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 business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company's revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Iron Mountain Incorporated will post 4.16 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Thursday, March 14th. Iron Mountain's dividend payout ratio is presently 412.70%.

Wall Street Analysts Forecast Growth

Several research firms have commented on IRM. Wells Fargo & Company boosted their price objective on Iron Mountain from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, March 15th. TheStreet lowered Iron Mountain from a "b" rating to a "c" rating in a research note on Thursday, February 22nd. Stifel Nicolaus boosted their target price on Iron Mountain from $65.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday, January 23rd. Finally, Barclays boosted their target price on Iron Mountain from $79.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 5th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.