OneAscent Wealth Management LLC Has $319,000 Stock Position in Iron Mountain Incorporated (NYSE:IRM)

OneAscent Wealth Management LLC decreased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 19.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,039 shares of the financial services provider’s stock after selling 726 shares during the period. OneAscent Wealth Management LLC’s holdings in Iron Mountain were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Key Financial Inc raised its stake in Iron Mountain by 25,100.0% in the 4th quarter. Key Financial Inc now owns 252 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 251 shares during the period. Halbert Hargrove Global Advisors LLC bought a new position in shares of Iron Mountain in the fourth quarter valued at about $26,000. IMG Wealth Management Inc. acquired a new stake in shares of Iron Mountain during the 4th quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Iron Mountain by 46.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 489 shares of the financial services provider’s stock worth $51,000 after buying an additional 155 shares during the period. Finally, Parkworth Wealth Management Inc. acquired a new position in Iron Mountain in the 4th quarter valued at about $53,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 172,552 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 237,402 shares in the company, valued at $21,681,924.66. This represents a 42.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Daniel Borges sold 6,433 shares of Iron Mountain stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $597,239.72. Following the completion of the transaction, the chief accounting officer now owns 288 shares in the company, valued at approximately $26,737.92. This represents a 95.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 318,979 shares of company stock worth $30,666,904 over the last three months. Insiders own 2.10% of the company’s stock.

Iron Mountain Stock Performance

NYSE:IRM opened at $85.07 on Friday. Iron Mountain Incorporated has a fifty-two week low of $73.53 and a fifty-two week high of $130.24. The company has a market cap of $24.99 billion, a price-to-earnings ratio of 139.46, a PEG ratio of 5.15 and a beta of 1.04. The stock has a fifty day moving average price of $94.97 and a 200-day moving average price of $108.39.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.70). The firm had revenue of $1.58 billion for 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 in the previous year, the company earned $0.52 earnings per share. Research analysts predict that Iron Mountain Incorporated will post 4.54 EPS 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 dividend of $0.785 per share. This is an increase from Iron Mountain’s previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Monday, March 17th. Iron Mountain’s payout ratio is currently 514.75%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IRM. JPMorgan Chase & Co. cut their price objective 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. Barclays reduced their price target on Iron Mountain from $130.00 to $118.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. StockNews.com upgraded Iron Mountain from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Finally, Wells Fargo & Company reduced their target price 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. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Iron Mountain currently has an average rating of “Buy” and an average target price of $125.67.

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.