Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Duality Advisers LP

Duality Advisers LP decreased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 90.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,342 shares of the financial services provider’s stock after selling 52,530 shares during the quarter. Duality Advisers LP’s holdings in Iron Mountain were worth $374,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Cetera Trust Company N.A purchased a new stake in shares of Iron Mountain in the fourth quarter valued at approximately $283,000. Handelsbanken Fonder AB raised its stake in shares of Iron Mountain by 42.3% in the fourth quarter. Handelsbanken Fonder AB now owns 162,087 shares of the financial services provider’s stock valued at $11,343,000 after acquiring an additional 48,170 shares in the last quarter. CWM LLC raised its stake in Iron Mountain by 15.3% in the fourth quarter. CWM LLC now owns 6,758 shares of the financial services provider’s stock valued at $473,000 after buying an additional 896 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Iron Mountain by 4.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 76,851 shares of the financial services provider’s stock valued at $5,378,000 after buying an additional 3,456 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Iron Mountain by 104.3% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 85,045 shares of the financial services provider’s stock worth $5,951,000 after purchasing an additional 43,408 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $67.43, for a total value of $134,860.00. Following the sale, the executive vice president now owns 48,026 shares in the company, valued at approximately $3,238,393.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $67.43, for a total value of $134,860.00. Following the completion of the transaction, the executive vice president now owns 48,026 shares in the company, valued at approximately $3,238,393.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $68.24, for a total transaction of $1,083,310.00. Following the completion of the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $20,175,156. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,124 shares of company stock worth $12,698,221. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Iron Mountain Stock Down 1.2 %

Shares of NYSE IRM opened at $77.29 on Friday. Iron Mountain Incorporated has a 52-week low of $52.81 and a 52-week high of $82.19. The firm has a fifty day moving average of $77.27 and a 200-day moving average of $69.16. The stock has a market capitalization of $22.65 billion, a PE ratio of 122.68, a P/E/G ratio of 4.70 and a beta of 0.94. 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 (NYSE:IRM) last announced 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 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 analysts’ expectations of $1.45 billion. During the same period last year, the company posted $0.98 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts anticipate that Iron Mountain Incorporated will post 4.16 EPS for the current year.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were issued a $0.65 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a yield of 3.36%. Iron Mountain’s dividend payout ratio is currently 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.