Signaturefd LLC Has $656,000 Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Signaturefd LLC boosted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,241 shares of the financial services provider’s stock after buying an additional 215 shares during the quarter. Signaturefd LLC’s holdings in Iron Mountain were worth $656,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Key Financial Inc grew 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 acquiring an additional 251 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in Iron Mountain during the 4th quarter worth $26,000. IMG Wealth Management Inc. acquired a new stake in Iron Mountain during the 4th quarter worth $26,000. Teachers Insurance & Annuity Association of America acquired a new stake in Iron Mountain during the 3rd quarter worth $36,000. Finally, Parkworth Wealth Management Inc. acquired a new stake in Iron Mountain during the 4th quarter worth $53,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on IRM. Wells Fargo & Company decreased their price target on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target on shares of Iron Mountain from $125.00 to $112.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. StockNews.com lowered shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Friday, March 14th. Barclays decreased their price target on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Finally, Royal Bank of Canada boosted their price target on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.67.

Insiders Place Their Bets

In other Iron Mountain news, CAO Daniel Borges sold 6,433 shares of the business’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 sale, the chief accounting officer now directly owns 288 shares of the company’s stock, valued at $26,737.92. The trade was a 95.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO William L. Meaney sold 172,552 shares of the business’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 sale, the chief executive officer now directly owns 237,402 shares in the company, valued at $21,681,924.66. This trade represents a 42.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 327,242 shares of company stock valued at $31,530,305 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Iron Mountain Trading Up 1.2 %

IRM opened at $88.63 on Thursday. The stock has a market capitalization of $26.04 billion, a P/E ratio of 145.30, a P/E/G ratio of 5.15 and a beta of 1.04. Iron Mountain Incorporated has a 12 month low of $73.53 and a 12 month high of $130.24. The firm’s fifty day simple moving average is $97.45 and its 200 day simple moving average is $109.54.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.70). The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate 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 firm posted $0.52 earnings per share. On average, equities research analysts predict that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal 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 given a dividend of $0.785 per share. The ex-dividend date is Monday, March 17th. This is a boost from Iron Mountain’s previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a yield of 3.54%. Iron Mountain’s payout ratio is 514.75%.

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.