Schonfeld Strategic Advisors LLC Acquires 220,673 Shares of Iron Mountain Incorporated (NYSE:IRM)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 1,475.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,628 shares of the financial services provider's stock after purchasing an additional 220,673 shares during the period. Schonfeld Strategic Advisors LLC owned 0.08% of Iron Mountain worth $24,767,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IRM. Key Financial Inc grew its position in shares of Iron Mountain by 25,100.0% during the 4th quarter. Key Financial Inc now owns 252 shares of the financial services provider's stock worth $26,000 after buying an additional 251 shares during the period. Halbert Hargrove Global Advisors LLC bought a new position in Iron Mountain during the fourth quarter worth $26,000. IMG Wealth Management Inc. acquired a new stake in Iron Mountain in the fourth quarter worth $26,000. Whittier Trust Co. of Nevada Inc. increased its stake in Iron Mountain by 46.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 489 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 155 shares in the last quarter. Finally, Parkworth Wealth Management Inc. acquired a new position in shares of Iron Mountain during the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 80.13% of the company's stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 69,125 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $86.11, for a total value of $5,952,353.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Daniel Borges sold 6,433 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $597,239.72. Following the transaction, the chief accounting officer now directly owns 288 shares in the company, valued at $26,737.92. This represents a 95.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 318,973 shares of company stock worth $29,370,872 in the last quarter. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on IRM shares. JPMorgan Chase & Co. decreased their target price on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. StockNews.com raised Iron Mountain from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Truist Financial initiated coverage on shares of Iron Mountain in a research report on Tuesday, April 8th. They issued a "buy" rating and a $95.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Finally, Barclays reduced their price objective on shares of Iron Mountain from $130.00 to $118.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $121.29.

Iron Mountain Price Performance

Shares of NYSE IRM traded up $3.78 during trading on Friday, hitting $95.63. The stock had a trading volume of 2,497,499 shares, compared to its average volume of 1,840,649. The firm has a fifty day moving average of $85.93 and a two-hundred day moving average of $102.25. The company has a market capitalization of $28.21 billion, a PE ratio of 156.76, a PEG ratio of 5.15 and a beta of 0.97. Iron Mountain Incorporated has a 12 month low of $72.33 and a 12 month high of $130.24.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.01. Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the firm posted $1.10 EPS. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th will be given a $0.785 dividend. The ex-dividend date is Monday, June 16th. This represents a $3.14 annualized dividend and a yield of 3.28%. Iron Mountain's dividend payout ratio is currently 514.75%.

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.