Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,072 shares of the financial services provider’s stock after selling 1,765 shares during the period. Mutual of America Capital Management LLC’s holdings in Iron Mountain were worth $2,734,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IRM. Acadian Asset Management LLC increased its holdings in shares of Iron Mountain by 15.1% during the first quarter. Acadian Asset Management LLC now owns 2,503 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 328 shares during the period. Panagora Asset Management Inc. grew its holdings in Iron Mountain by 71.3% during the first quarter. Panagora Asset Management Inc. now owns 18,549 shares of the financial services provider’s stock worth $1,028,000 after acquiring an additional 7,719 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Iron Mountain by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,743 shares of the financial services provider’s stock worth $2,147,000 after acquiring an additional 2,399 shares during the period. APG Asset Management N.V. grew its holdings in Iron Mountain by 13.0% during the first quarter. APG Asset Management N.V. now owns 18,205 shares of the financial services provider’s stock worth $907,000 after acquiring an additional 2,100 shares during the period. Finally, Raymond James Trust N.A. grew its holdings in Iron Mountain by 52.8% during the first quarter. Raymond James Trust N.A. now owns 7,552 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 2,608 shares during the period. 80.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Iron Mountain news, CAO Daniel Borges sold 996 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Daniel Borges sold 996 shares of the firm’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 of the company’s stock, valued at approximately $247,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Kidd sold 4,458 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $80.21, for a total value of $357,576.18. Following the sale, the executive vice president now directly owns 62,938 shares of the company’s stock, valued at $5,048,256.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,124 shares of company stock worth $12,698,221. 2.20% of the stock is currently owned by company insiders.

Iron Mountain Trading Down 1.0 %

NYSE:IRM opened at $74.41 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 55.78. Iron Mountain Incorporated has a 1-year low of $52.05 and a 1-year high of $82.19. The firm has a market capitalization of $21.75 billion, a price-to-earnings ratio of 118.11, a price-to-earnings-growth ratio of 4.49 and a beta of 0.94. The stock has a fifty day simple moving average of $76.43 and a 200 day simple moving average of $68.51.

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

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a yield of 3.49%. Iron Mountain’s payout ratio is presently 412.70%.

Wall Street Analysts Forecast Growth

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

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.