Swiss National Bank Has $63.86 Million Holdings in Iron Mountain Incorporated (NYSE:IRM)

Swiss National Bank cut its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 912,561 shares of the financial services provider's stock after selling 25,500 shares during the quarter. Swiss National Bank owned approximately 0.31% of Iron Mountain worth $63,861,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Fisher Asset Management LLC acquired a new position in Iron Mountain in the fourth quarter valued at approximately $313,000. First Trust Direct Indexing L.P. purchased a new stake in shares of Iron Mountain in the fourth quarter valued at approximately $403,000. Essex Financial Services Inc. increased its position in shares of Iron Mountain by 4.0% in the fourth quarter. Essex Financial Services Inc. now owns 16,487 shares of the financial services provider's stock valued at $1,154,000 after buying an additional 632 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in shares of Iron Mountain by 28.0% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 56,070 shares of the financial services provider's stock worth $3,924,000 after purchasing an additional 12,280 shares in the last quarter. Finally, Naviter Wealth LLC increased its position in shares of Iron Mountain by 19.0% during the fourth quarter. Naviter Wealth LLC now owns 18,346 shares of the financial services provider's stock worth $1,295,000 after purchasing an additional 2,928 shares in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Iron Mountain

In other Iron Mountain news, EVP Edward Baker-Greene sold 4,941 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.94, for a total transaction of $360,396.54. Following the sale, the executive vice president now owns 3,365 shares in the company, valued at $245,443.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Iron Mountain news, CAO Daniel Borges sold 996 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $80.00, for a total transaction of $79,680.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,095 shares of the company's stock, valued at approximately $247,600. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Edward Baker-Greene sold 4,941 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 3,365 shares of the company's stock, valued at $245,443.10. The disclosure for this sale can be found here. Insiders sold 149,749 shares of company stock valued at $11,748,676 over the last quarter. Company insiders own 2.10% of the company's stock.

Iron Mountain Stock Performance

Shares of IRM stock traded up $1.48 during midday trading on Monday, hitting $76.80. The company had a trading volume of 1,136,897 shares, compared to its average volume of 1,432,210. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.86 and a quick ratio of 0.86. Iron Mountain Incorporated has a 52-week low of $52.81 and a 52-week high of $82.19. The stock has a market cap of $22.51 billion, a price-to-earnings ratio of 116.37, a PEG ratio of 4.51 and a beta of 0.96. The company's 50 day simple moving average is $78.13 and its 200 day simple moving average is $69.99.

Iron Mountain (NYSE:IRM - Get Free Report) last released its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.48). Iron Mountain had a net margin of 5.45% and a return on equity of 282.93%. 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 previous year, the company posted $0.98 earnings per share. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts anticipate that Iron Mountain Incorporated will post 4.18 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Monday, June 17th. Iron Mountain's payout ratio is 393.95%.

Analysts Set New Price Targets

Several brokerages have issued reports on IRM. Stifel Nicolaus upped their target price on Iron Mountain from $65.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, January 23rd. Wells Fargo & Company upped their price target on Iron Mountain from $80.00 to $90.00 and gave the company 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. Finally, Barclays upped their price target on Iron Mountain from $79.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $73.80.

About Iron Mountain

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.