Andra AP fonden Buys 2,100 Shares of Iron Mountain Incorporated (NYSE:IRM)

Andra AP fonden increased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 234,000 shares of the financial services provider’s stock after purchasing an additional 2,100 shares during the quarter. Andra AP fonden’s holdings in Iron Mountain were worth $24,596,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Edgestream Partners L.P. raised its stake in Iron Mountain by 244.2% in the fourth quarter. Edgestream Partners L.P. now owns 81,648 shares of the financial services provider’s stock worth $8,582,000 after buying an additional 57,930 shares in the last quarter. Callan Family Office LLC bought a new position in Iron Mountain in the fourth quarter worth approximately $364,000. Hartford Funds Management Co LLC raised its stake in Iron Mountain by 38.3% in the fourth quarter. Hartford Funds Management Co LLC now owns 6,082 shares of the financial services provider’s stock worth $639,000 after buying an additional 1,684 shares in the last quarter. Candriam S.C.A. grew its holdings in Iron Mountain by 207.9% in the fourth quarter. Candriam S.C.A. now owns 77,097 shares of the financial services provider’s stock worth $8,104,000 after purchasing an additional 52,061 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Iron Mountain in the fourth quarter worth $55,271,000. Institutional investors own 80.13% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Daniel Borges sold 6,433 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.84, for a total transaction of $597,239.72. Following the completion of the transaction, the chief accounting officer now owns 288 shares in the company, valued at $26,737.92. This represents a 95.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William L. Meaney sold 172,552 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $91.33, for a total transaction of $15,759,174.16. Following the transaction, the chief executive officer now owns 237,402 shares of the company’s stock, valued at approximately $21,681,924.66. This trade represents a 42.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 343,114 shares of company stock worth $33,323,682. Company insiders own 2.10% of the company’s stock.

Iron Mountain Stock Performance

NYSE:IRM opened at $82.77 on Friday. Iron Mountain Incorporated has a one year low of $73.53 and a one year high of $130.24. The firm has a market cap of $24.31 billion, a price-to-earnings ratio of 135.68, a PEG ratio of 5.15 and a beta of 1.04. The firm’s fifty day moving average is $101.12 and its two-hundred day moving average is $111.40.

Iron Mountain (NYSE:IRM) last issued 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 during the quarter, compared to analyst estimates of $1.60 billion. Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. During the same quarter last year, the company posted $0.52 EPS. As a group, equities research analysts predict that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a $0.785 dividend. The ex-dividend date is Monday, March 17th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.79%. This is an increase from Iron Mountain’s previous quarterly dividend of $0.72. Iron Mountain’s dividend payout ratio is 514.75%.

Analysts Set New Price Targets

IRM has been the topic of several analyst reports. Barclays cut their price target on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada lifted their price target on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Wells Fargo & Company cut their price target on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. StockNews.com raised shares of Iron Mountain from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of Iron Mountain from $125.00 to $112.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. One 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $127.67.

Iron Mountain Company 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.