Iron Mountain Incorporated (NYSE:IRM) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 17.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,734 shares of the financial services provider's stock after buying an additional 4,956 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Iron Mountain were worth $3,441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Transce3nd LLC bought a new stake in Iron Mountain during the 4th quarter worth approximately $135,000. MetLife Investment Management LLC increased its stake in shares of Iron Mountain by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 93,569 shares of the financial services provider's stock worth $9,835,000 after purchasing an additional 865 shares in the last quarter. Norinchukin Bank The raised its position in shares of Iron Mountain by 3.2% during the 4th quarter. Norinchukin Bank The now owns 26,091 shares of the financial services provider's stock valued at $2,742,000 after purchasing an additional 803 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Iron Mountain by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,219,263 shares of the financial services provider's stock valued at $443,476,000 after buying an additional 15,097 shares in the last quarter. Finally, GeoWealth Management LLC raised its holdings in Iron Mountain by 25.3% during the fourth quarter. GeoWealth Management LLC now owns 27,229 shares of the financial services provider's stock valued at $2,862,000 after acquiring an additional 5,490 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CEO William L. Meaney sold 69,125 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $99.83, for a total value of $6,900,748.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mithu Bhargava sold 1,738 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total transaction of $161,355.92. Following the completion of the transaction, the executive vice president now owns 13,054 shares in the company, valued at approximately $1,211,933.36. This trade represents a 11.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 318,973 shares of company stock worth $29,370,872. Corporate insiders own 2.10% of the company's stock.

Iron Mountain Stock Performance

IRM stock traded up $0.07 during mid-day trading on Monday, reaching $87.79. 281,205 shares of the stock traded hands, compared to its average volume of 2,091,525. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $130.24. The stock has a market capitalization of $25.89 billion, a PE ratio of 143.91, a PEG ratio of 5.15 and a beta of 0.97. The business has a 50-day moving average price of $86.08 and a two-hundred day moving average price of $103.04.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.70). Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, equities analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were paid a $0.785 dividend. The ex-dividend date was Monday, March 17th. This is a positive change from Iron Mountain's previous quarterly dividend of $0.72. This represents a $3.14 dividend on an annualized basis and a yield of 3.58%. Iron Mountain's dividend payout ratio is 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.