Crescent Grove Advisors LLC Purchases New Position in Iron Mountain Incorporated (NYSE:IRM)

Crescent Grove Advisors LLC purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,535 shares of the financial services provider's stock, valued at approximately $737,000.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Iron Mountain by 201.7% in the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider's stock worth $25,000 after buying an additional 242 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Iron Mountain in the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC lifted its stake in Iron Mountain by 92.2% during the third quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider's stock valued at $25,000 after buying an additional 200 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Iron Mountain by 6,983.3% in 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 in the last quarter. Finally, First Capital Advisors Group LLC. purchased a new stake in shares of Iron Mountain in the second quarter worth approximately $25,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Iron Mountain

In related news, EVP Mark Kidd sold 4,458 shares of the firm's stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the business'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 $3,238,393.18. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark Kidd sold 4,458 shares of Iron Mountain stock in a transaction on Monday, April 1st. The shares were sold at an average price of $80.21, for a total value of $357,576.18. Following the completion of the transaction, 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 three months, insiders sold 148,249 shares of company stock worth $11,480,926. 2.20% of the stock is currently owned by insiders.

Iron Mountain Stock Down 0.2 %

NYSE IRM traded down $0.13 during trading on Tuesday, hitting $74.71. The stock had a trading volume of 1,124,546 shares, compared to its average volume of 1,446,074. Iron Mountain Incorporated has a 12 month low of $52.05 and a 12 month high of $82.19. The company has a market capitalization of $21.84 billion, a PE ratio of 118.59, a P/E/G ratio of 4.57 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. The company's 50-day moving average price is $76.16 and its two-hundred day moving average price is $68.42.

Iron Mountain (NYSE:IRM - Get Free Report) last issued 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). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. As a group, sell-side analysts forecast that Iron Mountain Incorporated will post 4.16 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.60 annualized dividend and a dividend yield of 3.48%. Iron Mountain's dividend payout ratio is currently 412.70%.

Analyst Ratings Changes

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