Iron Mountain Incorporated (NYSE:IRM) Position Trimmed by Courier Capital LLC

Courier Capital LLC lessened its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,063 shares of the financial services provider’s stock after selling 8,292 shares during the quarter. Courier Capital LLC’s holdings in Iron Mountain were worth $2,804,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. PFG Investments LLC grew its stake in Iron Mountain by 1.2% during the 4th quarter. PFG Investments LLC now owns 20,089 shares of the financial services provider’s stock valued at $1,406,000 after acquiring an additional 229 shares in the last quarter. Tectonic Advisors LLC grew its stake in Iron Mountain by 5.0% during the 4th quarter. Tectonic Advisors LLC now owns 86,401 shares of the financial services provider’s stock valued at $6,046,000 after acquiring an additional 4,138 shares in the last quarter. Keystone Wealth Services LLC purchased a new position in Iron Mountain during the 4th quarter valued at about $228,000. Douglas Lane & Associates LLC purchased a new position in Iron Mountain during the 4th quarter valued at about $206,000. Finally, Thompson Investment Management Inc. grew its stake in shares of Iron Mountain by 33.0% in the 4th quarter. Thompson Investment Management Inc. now owns 1,064 shares of the financial services provider’s stock valued at $74,000 after buying an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In related news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $66.16, for a total value of $132,320.00. Following the completion of the transaction, the executive vice president now directly owns 50,026 shares in the company, valued at $3,309,720.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Iron Mountain news, CAO Daniel Borges sold 996 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $80.00, for a total value of $79,680.00. Following the sale, the chief accounting officer now directly owns 3,095 shares in the company, valued at $247,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $66.16, for a total value of $132,320.00. Following the completion of the sale, the executive vice president now owns 50,026 shares in the company, valued at $3,309,720.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,983 shares of company stock worth $13,030,171. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IRM has been the subject of several recent research reports. Barclays boosted 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. Wells Fargo & Company boosted 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 report on Thursday, February 22nd. Finally, Stifel Nicolaus boosted their target price on Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and an average price target of $73.80.

Iron Mountain Stock Up 2.8 %

Shares of IRM stock opened at $80.14 on Thursday. Iron Mountain Incorporated has a 12 month low of $49.61 and a 12 month high of $82.19. The firm has a market cap of $23.42 billion, a PE ratio of 127.21, a price-to-earnings-growth ratio of 4.69 and a beta of 0.94. The stock has a 50 day moving average of $73.34 and a 200-day moving average of $66.81. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 55.78.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.48). Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Iron Mountain Incorporated will post 4.16 EPS for the current year.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Friday, March 15th will be paid a $0.65 dividend. The ex-dividend date is Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.24%. Iron Mountain’s payout ratio is 412.70%.

Iron Mountain Profile

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work.