Level Four Advisory Services LLC Acquires 142 Shares of Iron Mountain Incorporated (NYSE:IRM)

Level Four Advisory Services LLC raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,339 shares of the financial services provider’s stock after purchasing an additional 142 shares during the period. Level Four Advisory Services LLC’s holdings in Iron Mountain were worth $1,087,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IRM. Geller Advisors LLC increased its position in Iron Mountain by 2.9% during the 3rd quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider’s stock valued at $403,000 after buying an additional 96 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Iron Mountain by 0.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 25,159 shares of the financial services provider’s stock valued at $2,644,000 after acquiring an additional 100 shares in the last quarter. Premier Path Wealth Partners LLC raised its position in shares of Iron Mountain by 3.9% in the 4th quarter. Premier Path Wealth Partners LLC now owns 2,844 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 106 shares during the last quarter. Mather Group LLC. boosted its stake in Iron Mountain by 4.6% in the 4th quarter. Mather Group LLC. now owns 2,582 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 113 shares in the last quarter. Finally, One Charles Private Wealth Services LLC grew its position in Iron Mountain by 1.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 11,760 shares of the financial services provider’s stock valued at $1,236,000 after purchasing an additional 119 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on IRM shares. StockNews.com upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. JPMorgan Chase & Co. lowered their price objective on Iron Mountain from $125.00 to $112.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company cut their target price on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays decreased their price target on Iron Mountain from $130.00 to $118.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Iron Mountain presently has a consensus rating of “Buy” and an average target price of $125.67.

Insider Transactions at Iron Mountain

In other news, EVP Mithu Bhargava sold 1,738 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $92.84, for a total value of $161,355.92. Following the transaction, the executive vice president now owns 13,054 shares of the company’s stock, valued at $1,211,933.36. This trade represents a 11.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William L. Meaney sold 69,131 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total value of $7,248,385.35. The disclosure for this sale can be found here. Insiders have sold 318,979 shares of company stock worth $30,666,904 in the last 90 days. 2.10% of the stock is currently owned by insiders.

Iron Mountain Price Performance

IRM stock opened at $85.07 on Friday. Iron Mountain Incorporated has a 1 year low of $73.53 and a 1 year high of $130.24. The company has a market cap of $24.99 billion, a P/E ratio of 139.46, a price-to-earnings-growth ratio of 5.15 and a beta of 1.04. The stock’s fifty day moving average price is $94.97 and its 200-day moving average price is $108.35.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm 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 earnings per share. As a group, analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a $0.785 dividend. The ex-dividend date is Monday, March 17th. This is an increase from Iron Mountain’s previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a yield of 3.69%. Iron Mountain’s dividend payout ratio (DPR) is presently 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.