Blair William & Co. IL Buys 578 Shares of Iron Mountain Incorporated (NYSE:IRM)

Blair William & Co. IL grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 334,522 shares of the financial services provider’s stock after purchasing an additional 578 shares during the period. Blair William & Co. IL’s holdings in Iron Mountain were worth $35,162,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IRM. Key Financial Inc lifted its holdings in 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 purchasing an additional 251 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Iron Mountain during the fourth quarter valued at about $26,000. IMG Wealth Management Inc. purchased a new stake in shares of Iron Mountain in the fourth quarter worth about $26,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Iron Mountain in the third quarter valued at approximately $36,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Iron Mountain by 46.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 489 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Down 1.7 %

IRM opened at $85.54 on Friday. The business’s fifty day simple moving average is $95.45 and its 200 day simple moving average is $108.57. Iron Mountain Incorporated has a 52 week low of $73.53 and a 52 week high of $130.24. The stock has a market cap of $25.13 billion, a PE ratio of 140.23, a P/E/G ratio of 5.15 and a beta of 1.04.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.70). The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. During the same period in the prior year, the business posted $0.52 earnings per share. As a group, equities analysts anticipate 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 paid a $0.785 dividend. The ex-dividend date of this dividend 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 3.67%. Iron Mountain’s payout ratio is currently 514.75%.

Insider Buying and Selling at Iron Mountain

In other news, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $99.83, for a total value of $6,900,748.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mithu Bhargava sold 1,738 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total transaction of $161,355.92. Following the completion of the sale, the executive vice president now directly owns 13,054 shares in the company, valued at approximately $1,211,933.36. This trade represents a 11.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 318,979 shares of company stock worth $30,666,904 over the last three months. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

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

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.