SVB Wealth LLC Has $1.60 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

SVB Wealth LLC cut its holdings in Iron Mountain Incorporated (NYSE:IRM) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,873 shares of the financial services provider’s stock after selling 407 shares during the quarter. SVB Wealth LLC’s holdings in Iron Mountain were worth $1,601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IRM. Harbor Investment Advisory LLC lifted its stake in Iron Mountain by 92.2% in the 3rd quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC lifted its stake in Iron Mountain by 6,983.3% in the 3rd quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 419 shares in the last quarter. Blue Trust Inc. lifted its stake in Iron Mountain by 201.7% in the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 242 shares in the last quarter. First Capital Advisors Group LLC. bought a new stake in Iron Mountain in the 2nd quarter valued at approximately $25,000. Finally, Exchange Traded Concepts LLC bought a new stake in Iron Mountain in the 4th quarter valued at approximately $26,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IRM shares. Wells Fargo & Company boosted their target price on Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Barclays upped their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. TheStreet cut Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus upped their price objective on Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

Insider Activity at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $68.24, for a total value of $1,083,310.00. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $20,175,156. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $68.24, for a total value of $1,083,310.00. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $20,175,156. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Edward Baker-Greene sold 4,941 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.94, for a total value of $360,396.54. Following the completion of the transaction, the executive vice president now directly owns 3,365 shares in the company, valued at $245,443.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,124 shares of company stock worth $12,698,221. Company insiders own 2.20% of the company’s stock.

Iron Mountain Stock Down 1.0 %

IRM opened at $74.41 on Friday. Iron Mountain Incorporated has a 1-year low of $52.05 and a 1-year high of $82.19. The stock’s fifty day simple moving average is $76.43 and its 200 day simple moving average is $68.51. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 55.78. The stock has a market cap of $21.75 billion, a PE ratio of 118.11, a price-to-earnings-growth ratio of 4.52 and a beta of 0.94.

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

Iron Mountain Announces Dividend

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

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.