Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Reduced by Global Retirement Partners LLC

Global Retirement Partners LLC lessened its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 17.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,345 shares of the financial services provider’s stock after selling 1,507 shares during the period. Global Retirement Partners LLC’s holdings in Iron Mountain were worth $772,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Key Financial Inc boosted its stake 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 acquiring an additional 251 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Iron Mountain by 104.8% during the 4th quarter. Venturi Wealth Management LLC now owns 514 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 263 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Iron Mountain by 10.3% during the 4th quarter. D.A. Davidson & CO. now owns 29,523 shares of the financial services provider’s stock worth $3,103,000 after acquiring an additional 2,762 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Iron Mountain by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 44,952 shares of the financial services provider’s stock worth $4,725,000 after acquiring an additional 1,937 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Iron Mountain by 17.9% during the 4th quarter. Principal Financial Group Inc. now owns 415,368 shares of the financial services provider’s stock worth $43,659,000 after acquiring an additional 62,917 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on IRM. Barclays cut their price objective on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. StockNews.com cut Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, January 28th. Wells Fargo & Company cut their price objective on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Royal Bank of Canada boosted their price objective on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.67.

Insider Activity

In related news, CEO William L. Meaney sold 69,131 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total transaction of $7,248,385.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mithu Bhargava sold 8,263 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the sale, the executive vice president now owns 13,054 shares in the company, valued at approximately $1,364,012.46. This trade represents a 38.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 162,391 shares of company stock worth $16,805,912. Company insiders own 2.10% of the company’s stock.

Iron Mountain Stock Down 1.9 %

Iron Mountain stock opened at $91.77 on Friday. Iron Mountain Incorporated has a 12 month low of $70.00 and a 12 month high of $130.24. The stock has a market cap of $26.96 billion, a price-to-earnings ratio of 150.44, a price-to-earnings-growth ratio of 5.15 and a beta of 1.01. The business has a 50 day moving average price of $103.50 and a two-hundred day moving average price of $112.34.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.70). Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. 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 prior year, the company posted $0.52 earnings per share. On average, analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be paid a $0.785 dividend. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Monday, March 17th. Iron Mountain’s dividend payout ratio is currently 468.85%.

About Iron Mountain

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.