Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lessened its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 4.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,404 shares of the financial services provider’s stock after selling 112 shares during the period. Johnson Investment Counsel Inc.’s holdings in Iron Mountain were worth $215,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IRM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Iron Mountain during the second quarter worth $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Iron Mountain during the fourth quarter worth $36,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Iron Mountain during the second quarter worth $36,000. Heritage Wealth Advisors acquired a new stake in shares of Iron Mountain during the fourth quarter worth $38,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Iron Mountain during the first quarter worth $38,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other news, EVP Edward Baker-Greene sold 6,200 shares of Iron Mountain stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $88.35, for a total transaction of $547,770.00. Following the sale, the executive vice president now directly owns 11,311 shares of the company’s stock, valued at $999,326.85. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, COO John Tomovcsik sold 35,084 shares of Iron Mountain stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $88.76, for a total transaction of $3,114,055.84. Following the sale, the chief operating officer now directly owns 20,366 shares of the company’s stock, valued at $1,807,686.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Edward Baker-Greene sold 6,200 shares of Iron Mountain stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $88.35, for a total value of $547,770.00. Following the sale, the executive vice president now directly owns 11,311 shares in the company, valued at $999,326.85. The disclosure for this sale can be found here. Insiders have sold 65,787 shares of company stock valued at $6,025,002 over the last three months. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IRM shares. Stifel Nicolaus raised their price objective on Iron Mountain from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their target price on Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their target price on Iron Mountain from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group lifted their target price on Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.83.

Iron Mountain Trading Up 0.6 %

NYSE:IRM opened at $117.06 on Monday. The business’s 50-day moving average is $106.10 and its two-hundred day moving average is $90.03. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.79 and a quick ratio of 0.79. Iron Mountain Incorporated has a 12 month low of $56.51 and a 12 month high of $117.83. The firm has a market capitalization of $34.31 billion, a PE ratio of 177.36, a price-to-earnings-growth ratio of 6.85 and a beta of 1.00.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.59). Iron Mountain had a net margin of 3.94% and a return on equity of 595.44%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts predict that Iron Mountain Incorporated will post 4.17 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 Thursday, October 3rd. Shareholders of record on Monday, September 16th will be given a $0.715 dividend. The ex-dividend date is Monday, September 16th. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.65. This represents a $2.86 annualized dividend and a yield of 2.44%. Iron Mountain’s dividend payout ratio (DPR) is 433.33%.

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.