Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its stake in Iron Mountain Incorporated (NYSE:IRM) by 42.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,827 shares of the financial services provider’s stock after selling 5,113 shares during the quarter. Foster & Motley Inc.’s holdings in Iron Mountain were worth $478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Manchester Capital Management LLC increased its position in shares of Iron Mountain by 6,983.3% during the 3rd quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 419 shares during the period. Blue Trust Inc. raised its position in Iron Mountain by 201.7% in the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 242 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Iron Mountain during the 4th quarter valued at about $26,000. Hanson & Doremus Investment Management bought a new stake in Iron Mountain during the third quarter worth approximately $28,000. Finally, CVA Family Office LLC acquired a new position in Iron Mountain in the fourth quarter worth approximately $32,000. Institutional investors own 80.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IRM shares. Barclays boosted their target price on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. TheStreet cut Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. Wells Fargo & Company raised their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, Stifel Nicolaus increased their target price on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 996 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $80.00, for a total transaction of $79,680.00. Following the completion of the transaction, the chief accounting officer now owns 3,095 shares in the company, valued at $247,600. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of Iron Mountain 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 transaction, the executive vice president now directly owns 48,026 shares of the company’s stock, valued at $3,238,393.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Daniel Borges sold 996 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $80.00, for a total transaction of $79,680.00. Following the completion of the sale, the chief accounting officer now directly owns 3,095 shares in the company, valued at approximately $247,600. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,124 shares of company stock valued at $12,698,221. 2.20% of the stock is owned by corporate insiders.

Iron Mountain Stock Up 2.1 %

Shares of Iron Mountain stock opened at $78.19 on Thursday. Iron Mountain Incorporated has a 12-month low of $52.81 and a 12-month high of $82.19. The stock has a market capitalization of $22.92 billion, a P/E ratio of 124.11, a PEG ratio of 4.61 and a beta of 0.94. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 55.78. The stock has a 50 day moving average price of $77.10 and a two-hundred day moving average price of $69.11.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.48). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. Equities analysts expect that Iron Mountain Incorporated will post 4.16 earnings per share for the current year.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, March 14th. Iron Mountain’s dividend payout ratio (DPR) is presently 412.70%.

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.