Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Reduced by Duality Advisers LP

Duality Advisers LP decreased its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 90.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,342 shares of the financial services provider's stock after selling 52,530 shares during the period. Duality Advisers LP's holdings in Iron Mountain were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IRM. Cetera Trust Company N.A purchased a new stake in shares of Iron Mountain during the fourth quarter worth approximately $283,000. Handelsbanken Fonder AB raised its stake in shares of Iron Mountain by 42.3% during the fourth quarter. Handelsbanken Fonder AB now owns 162,087 shares of the financial services provider's stock worth $11,343,000 after purchasing an additional 48,170 shares during the last quarter. CWM LLC raised its stake in shares of Iron Mountain by 15.3% during the fourth quarter. CWM LLC now owns 6,758 shares of the financial services provider's stock worth $473,000 after purchasing an additional 896 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Iron Mountain by 4.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 76,851 shares of the financial services provider's stock worth $5,378,000 after purchasing an additional 3,456 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Iron Mountain by 104.3% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 85,045 shares of the financial services provider's stock worth $5,951,000 after purchasing an additional 43,408 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 115,979 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $78.90, for a total transaction of $9,150,743.10. Following the sale, the chief executive officer now owns 432,682 shares of the company's stock, valued at $34,138,609.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related 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 transaction of $9,150,743.10. Following the transaction, the chief executive officer now directly owns 432,682 shares in the company, valued at $34,138,609.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction dated 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 owns 295,650 shares in the company, valued at $22,670,442. The disclosure for this sale can be found here. Insiders have sold a total of 164,124 shares of company stock valued at $12,698,221 over the last quarter. Insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

IRM has been the subject of several research analyst reports. Barclays increased their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 5th. TheStreet cut Iron Mountain from a "b" rating to a "c" rating in a research report on Thursday, February 22nd. Wells Fargo & Company increased their price objective on Iron Mountain from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, March 15th. Finally, Stifel Nicolaus increased 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Iron Mountain currently has a consensus rating of "Moderate Buy" and an average price target of $73.80.

Iron Mountain Price Performance

Iron Mountain stock traded up $0.26 during trading hours on Friday, hitting $77.52. The stock had a trading volume of 817,641 shares, compared to its average volume of 1,401,344. 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 market capitalization of $22.72 billion, a price-to-earnings ratio of 122.68, a PEG ratio of 4.70 and a beta of 0.94. Iron Mountain Incorporated has a 1-year low of $52.81 and a 1-year high of $82.19. The stock's fifty day moving average is $77.27 and its two-hundred day moving average is $69.16.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate 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 firm's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. As a group, analysts predict that Iron Mountain Incorporated will post 4.16 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Thursday, March 14th. Iron Mountain's payout ratio is currently 412.70%.

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.