Strategic Wealth Partners Ltd. Has $381,000 Holdings in Iron Mountain Incorporated (NYSE:IRM)

Strategic Wealth Partners Ltd. trimmed its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 37.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,210 shares of the financial services provider’s stock after selling 1,960 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Iron Mountain were worth $381,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Csenge Advisory Group increased its position in Iron Mountain by 1.2% during the 2nd quarter. Csenge Advisory Group now owns 9,515 shares of the financial services provider’s stock worth $853,000 after purchasing an additional 114 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in Iron Mountain by 2.8% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,241 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 117 shares during the last quarter. Perfromance Wealth Partners LLC boosted its stake in shares of Iron Mountain by 2.4% during the second quarter. Perfromance Wealth Partners LLC now owns 5,007 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 118 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Iron Mountain by 9.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 120 shares during the last quarter. Finally, Terra Nova Asset Management LLC increased its stake in shares of Iron Mountain by 0.4% in the second quarter. Terra Nova Asset Management LLC now owns 32,409 shares of the financial services provider’s stock valued at $2,905,000 after buying an additional 120 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Iron Mountain news, COO John Tomovcsik sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the transaction, the chief operating officer now owns 17,866 shares in the company, valued at approximately $1,786,600. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Edward Baker-Greene sold 2,262 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total transaction of $248,254.50. Following the completion of the sale, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at $993,127.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO John Tomovcsik sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer now directly owns 17,866 shares in the company, valued at approximately $1,786,600. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,003 shares of company stock worth $3,761,505 in the last three months. Company insiders own 2.10% of the company’s stock.

Iron Mountain Stock Up 1.4 %

Shares of Iron Mountain stock opened at $120.49 on Thursday. The firm has a market cap of $35.32 billion, a price-to-earnings ratio of 182.56, a PEG ratio of 7.09 and a beta of 1.00. The stock’s 50-day moving average is $113.28 and its 200 day moving average is $94.72. 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 one year low of $57.36 and a one year high of $120.70.

Iron Mountain (NYSE:IRM) last announced 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 return on equity of 595.44% and a net margin of 3.94%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $0.94 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that Iron Mountain Incorporated will post 4.17 EPS for the current year.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Monday, September 16th. This is a boost from Iron Mountain’s previous quarterly dividend of $0.65. Iron Mountain’s dividend payout ratio is 433.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Stifel Nicolaus increased their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Wells Fargo & Company lifted their target price on Iron Mountain from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group increased their price target on Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Barclays lifted their price objective on Iron Mountain from $91.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and a consensus target price of $113.00.

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.