Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 308,276 shares of the financial services provider's stock after acquiring an additional 54,245 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.11% of Iron Mountain worth $21,573,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC boosted its stake in Iron Mountain by 92.2% in the 3rd 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 period. Manchester Capital Management LLC boosted its stake in Iron Mountain by 6,983.3% in the 3rd 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 period. Blue Trust Inc. boosted its stake in Iron Mountain by 201.7% in the 4th 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 period. First Capital Advisors Group LLC. bought a new position in Iron Mountain in the 2nd quarter worth about $25,000. Finally, Exchange Traded Concepts LLC bought a new position in Iron Mountain in the 4th quarter worth about $26,000. Hedge funds and other institutional investors own 80.13% of the company's stock.

Iron Mountain Price Performance

NYSE:IRM traded down $0.74 during mid-day trading on Thursday, reaching $74.41. The stock had a trading volume of 869,043 shares, compared to its average volume of 1,435,693. The firm has a 50 day moving average price of $76.43 and a two-hundred day moving average price of $68.51. The stock has a market capitalization of $21.75 billion, a P/E ratio of 118.11, a P/E/G ratio of 4.49 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 quick ratio of 0.78 and a current ratio of 0.78.

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 during 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 business's quarterly 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. As a group, analysts expect that Iron Mountain Incorporated will post 4.16 earnings per share for the current year.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors 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 yield of 3.49%. Iron Mountain's payout ratio is 412.70%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $76.68, for a total value of $1,217,295.00. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at approximately $22,670,442. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Iron Mountain news, EVP Edward Baker-Greene sold 4,941 shares of Iron Mountain stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.94, for a total value of $360,396.54. Following the transaction, the executive vice president now directly owns 3,365 shares of the company's stock, valued at approximately $245,443.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $76.68, for a total value of $1,217,295.00. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at $22,670,442. The disclosure for this sale can be found here. Insiders sold 164,124 shares of company stock worth $12,698,221 in the last quarter. 2.20% of the stock is owned by insiders.

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.