Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Increased by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,836 shares of the financial services provider's stock after buying an additional 23,076 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of Iron Mountain worth $12,445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Iron Mountain during the fourth quarter valued at approximately $228,391,000. Wellington Management Group LLP grew its holdings in shares of Iron Mountain by 315.2% during the third quarter. Wellington Management Group LLP now owns 3,012,260 shares of the financial services provider's stock valued at $179,079,000 after purchasing an additional 2,286,711 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Iron Mountain by 60.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider's stock valued at $285,960,000 after purchasing an additional 1,546,592 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Iron Mountain by 214.7% during the third quarter. Ameriprise Financial Inc. now owns 1,727,813 shares of the financial services provider's stock valued at $103,744,000 after purchasing an additional 1,178,754 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Iron Mountain by 49.7% during the third quarter. Invesco Ltd. now owns 3,243,435 shares of the financial services provider's stock valued at $192,822,000 after purchasing an additional 1,077,339 shares during the last quarter. 80.13% of the stock is owned by institutional investors.

Iron Mountain Price Performance

IRM traded up $0.95 during trading on Friday, reaching $80.23. The stock had a trading volume of 651,298 shares, compared to its average volume of 1,364,367. The firm has a market capitalization of $23.52 billion, a price-to-earnings ratio of 121.56, a price-to-earnings-growth ratio of 4.74 and a beta of 0.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a 1-year low of $52.81 and a 1-year high of $83.00. The stock has a 50 day moving average of $78.52 and a two-hundred day moving average of $72.10.

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 analyst estimates of $1.45 billion. Iron Mountain had a return on equity of 282.93% and a net margin of 5.45%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. As a group, equities analysts anticipate that Iron Mountain Incorporated will post 4.18 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be given a $0.65 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.60 dividend on an annualized basis and a yield of 3.24%. Iron Mountain's dividend payout ratio (DPR) is 393.94%.

Insiders Place Their Bets

In other news, Director Wendy J. Murdock sold 3,547 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $77.60, for a total transaction of $275,247.20. Following the completion of the sale, the director now owns 20,944 shares in the company, valued at approximately $1,625,254.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Deborah Marson sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $78.70, for a total transaction of $157,400.00. Following the completion of the sale, the executive vice president now owns 67,286 shares in the company, valued at approximately $5,295,408.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wendy J. Murdock sold 3,547 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $77.60, for a total value of $275,247.20. Following the sale, the director now owns 20,944 shares of the company's stock, valued at approximately $1,625,254.40. The disclosure for this sale can be found here. Insiders sold 148,355 shares of company stock worth $11,663,526 over the last ninety days. Company insiders own 2.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays upped their target price on Iron Mountain from $79.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 5th. TheStreet downgraded Iron Mountain from a "b" rating to a "c" rating in a research report on Thursday, February 22nd. Finally, Wells Fargo & Company boosted 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.

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