Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Colonial River Investments LLC

Colonial River Investments LLC grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 55.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,018 shares of the financial services provider’s stock after buying an additional 4,997 shares during the quarter. Colonial River Investments LLC’s holdings in Iron Mountain were worth $1,473,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IRM. Key Financial Inc grew its stake in shares of Iron Mountain by 25,100.0% during the fourth 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. Ashton Thomas Securities LLC acquired a new position in shares of Iron Mountain during the third quarter worth $31,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Iron Mountain during the third quarter worth $36,000. Dunhill Financial LLC grew its stake in shares of Iron Mountain by 50.5% during the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 152 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Iron Mountain by 104.8% during the fourth quarter. Venturi Wealth Management LLC now owns 514 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Price Performance

Shares of IRM opened at $91.77 on Monday. Iron Mountain Incorporated has a 1-year low of $70.00 and a 1-year high of $130.24. The stock has a market cap of $26.96 billion, a PE ratio of 150.44, a price-to-earnings-growth ratio of 5.15 and a beta of 1.01. The firm has a fifty day moving average price of $103.50 and a 200 day moving average price of $112.39.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.70). Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, equities analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.42%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 17th. Iron Mountain’s dividend payout ratio is presently 468.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on IRM shares. Barclays lowered their target price on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. StockNews.com downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their price target on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Iron Mountain from $125.00 to $112.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.67.

Insider Activity

In related news, CEO William L. Meaney sold 15,872 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $104.49, for a total transaction of $863,400.87. Following the completion of the sale, the executive vice president now owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 162,391 shares of company stock valued at $16,805,912. Insiders own 2.10% of the company’s stock.

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.