Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC reduced its position in Iron Mountain Incorporated (NYSE:IRM) by 9.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,528 shares of the financial services provider’s stock after selling 164 shares during the period. Sentry Investment Management LLC’s holdings in Iron Mountain were worth $107,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of IRM. Harbor Investment Advisory LLC raised its position in shares of Iron Mountain by 92.2% during the 3rd quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC raised its holdings in shares of Iron Mountain by 6,983.3% during the third quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 419 shares during the period. Blue Trust Inc. lifted its position in shares of Iron Mountain by 201.7% in the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after buying an additional 242 shares during the last quarter. First Capital Advisors Group LLC. acquired a new position in shares of Iron Mountain in the 2nd quarter valued at about $25,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Iron Mountain during the 4th quarter valued at about $26,000. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Up 0.6 %

Iron Mountain stock opened at $75.15 on Thursday. Iron Mountain Incorporated has a 12-month low of $52.05 and a 12-month high of $82.19. The stock has a market capitalization of $21.96 billion, a PE ratio of 119.29, a price-to-earnings-growth ratio of 4.49 and a beta of 0.94. The firm has a 50 day simple moving average of $76.31 and a 200-day simple moving average of $68.47. The company has a debt-to-equity ratio of 55.78, a current ratio of 0.78 and a quick ratio of 0.78.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.48). Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm posted $0.98 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts expect that Iron Mountain Incorporated will post 4.16 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.46%. The ex-dividend date was Thursday, March 14th. Iron Mountain’s dividend payout ratio is presently 412.70%.

Insider Buying and Selling

In other news, EVP Deborah Marson sold 2,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $67.43, for a total transaction of $134,860.00. Following the completion of the sale, the executive vice president now owns 48,026 shares in the company, valued at approximately $3,238,393.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Edward Baker-Greene sold 4,941 shares of Iron Mountain stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.94, for a total value of $360,396.54. Following the transaction, the executive vice president now directly owns 3,365 shares of the company’s stock, valued at $245,443.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $67.43, for a total transaction of $134,860.00. Following the completion of the sale, the executive vice president now owns 48,026 shares of the company’s stock, valued at approximately $3,238,393.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,124 shares of company stock worth $12,698,221. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

IRM has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. TheStreet cut Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. Barclays upped their price target on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Finally, Wells Fargo & Company lifted their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.80.

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.