World Investment Advisors Acquires 3,870 Shares of Iron Mountain Incorporated (NYSE:IRM)

World Investment Advisors lifted its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 83.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,534 shares of the financial services provider's stock after buying an additional 3,870 shares during the quarter. World Investment Advisors' holdings in Iron Mountain were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Key Financial Inc boosted its stake in Iron Mountain by 25,100.0% during the fourth quarter. Key Financial Inc now owns 252 shares of the financial services provider's stock worth $26,000 after acquiring an additional 251 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Iron Mountain in the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. purchased a new stake in shares of Iron Mountain in the 4th quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. increased its position in Iron Mountain by 46.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 489 shares of the financial services provider's stock valued at $51,000 after buying an additional 155 shares in the last quarter. Finally, Parkworth Wealth Management Inc. bought a new position in shares of Iron Mountain during the fourth quarter valued at $53,000. 80.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Iron Mountain Stock Up 2.2 %

NYSE:IRM traded up $1.76 on Friday, hitting $83.39. The stock had a trading volume of 1,727,819 shares, compared to its average volume of 1,819,298. The business's 50-day simple moving average is $89.48 and its two-hundred day simple moving average is $105.53. The stock has a market cap of $24.50 billion, a price-to-earnings ratio of 136.71, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97. Iron Mountain Incorporated has a 52-week low of $72.33 and a 52-week high of $130.24.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 earnings per share (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 business had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.60 billion. During the same period in the previous year, the business posted $0.52 EPS. As a group, equities research analysts anticipate that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a $0.785 dividend. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. This represents a $3.14 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Monday, March 17th. Iron Mountain's dividend payout ratio (DPR) is currently 514.75%.

Insider Activity at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 6,433 shares of Iron Mountain stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total transaction of $597,239.72. Following the transaction, the chief accounting officer now owns 288 shares of the company's stock, valued at $26,737.92. The trade was a 95.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William L. Meaney sold 69,125 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $99.83, for a total transaction of $6,900,748.75. The disclosure for this sale can be found here. Over the last three months, 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 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.