International Assets Investment Management LLC Takes Position in Iron Mountain Incorporated (NYSE:IRM)

International Assets Investment Management LLC acquired a new stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 237,066 shares of the financial services provider's stock, valued at approximately $16,590,000. International Assets Investment Management LLC owned approximately 0.08% of Iron Mountain as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IRM. Waverly Advisors LLC bought a new position in Iron Mountain in the 3rd quarter worth approximately $1,993,000. RPg Family Wealth Advisory LLC bought a new position in Iron Mountain in the 4th quarter worth approximately $3,270,000. Allspring Global Investments Holdings LLC increased its position in Iron Mountain by 99.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 84,958 shares of the financial services provider's stock worth $5,051,000 after buying an additional 42,407 shares during the period. Public Sector Pension Investment Board increased its position in Iron Mountain by 6.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 59,274 shares of the financial services provider's stock worth $3,524,000 after buying an additional 3,405 shares during the period. Finally, UBS Group AG increased its position in Iron Mountain by 3.5% in the 3rd quarter. UBS Group AG now owns 892,448 shares of the financial services provider's stock worth $53,056,000 after buying an additional 30,140 shares during the period. 80.13% of the stock is owned by institutional investors.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 115,979 shares of the company's stock in a transaction dated 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 in the company, valued at $34,138,609.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Iron Mountain news, CEO William L. Meaney sold 115,979 shares of the stock in a transaction dated 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 directly owns 432,682 shares in the company, valued at $34,138,609.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Kidd sold 4,458 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $80.21, for a total value of $357,576.18. Following the completion of the sale, the executive vice president now owns 62,938 shares of the company's stock, valued at $5,048,256.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,249 shares of company stock worth $11,480,926. 2.20% of the stock is owned by insiders.

Iron Mountain Trading Down 0.8 %

Shares of IRM stock traded down $0.60 on Friday, reaching $76.01. 1,047,482 shares of the stock were exchanged, compared to its average volume of 1,454,198. The stock has a market cap of $22.22 billion, a PE ratio of 119.73, a P/E/G ratio of 4.55 and a beta of 0.94. Iron Mountain Incorporated has a one year low of $52.05 and a one year high of $82.19. 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 stock has a 50 day moving average price of $75.78 and a 200 day moving average price of $67.98.

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

Iron Mountain Announces Dividend

The business 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. 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 3.42%. Iron Mountain's dividend payout ratio is presently 412.70%.

Wall Street Analysts Forecast Growth

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

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.