Signaturefd LLC Increases Position in Iron Mountain Incorporated (NYSE:IRM)

Signaturefd LLC boosted its holdings in Iron Mountain Incorporated (NYSE:IRM) by 36.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,907 shares of the financial services provider’s stock after purchasing an additional 1,316 shares during the quarter. Signaturefd LLC’s holdings in Iron Mountain were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. abrdn plc lifted its stake in shares of Iron Mountain by 34.5% in the fourth quarter. abrdn plc now owns 227,884 shares of the financial services provider’s stock worth $15,947,000 after buying an additional 58,480 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Iron Mountain by 4.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 6,744 shares of the financial services provider’s stock worth $472,000 after buying an additional 315 shares in the last quarter. Greenleaf Trust lifted its stake in shares of Iron Mountain by 5.4% in the fourth quarter. Greenleaf Trust now owns 7,194 shares of the financial services provider’s stock worth $503,000 after buying an additional 370 shares in the last quarter. Naples Money Management LLC bought a new position in shares of Iron Mountain in the fourth quarter worth approximately $159,000. Finally, Knights of Columbus Asset Advisors LLC lifted its stake in shares of Iron Mountain by 1.7% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 129,125 shares of the financial services provider’s stock worth $9,036,000 after buying an additional 2,155 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Down 1.2 %

Shares of Iron Mountain stock opened at $77.29 on Friday. The company has a market cap of $22.65 billion, a price-to-earnings ratio of 122.68, a price-to-earnings-growth ratio of 4.70 and a beta of 0.94. The company’s 50 day moving average is $77.27 and its 200 day moving average is $69.16. Iron Mountain Incorporated has a twelve month low of $52.81 and a twelve month high of $82.19. 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 earnings results 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 net margin of 5.44% and a return on equity of 178.02%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that Iron Mountain Incorporated will post 4.16 EPS for the current year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were issued a dividend of $0.65 per share. 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%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $67.43, for a total transaction of $134,860.00. Following the completion of the sale, the executive vice president now directly owns 48,026 shares of the company’s stock, valued at $3,238,393.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Deborah Marson sold 2,000 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 48,026 shares of the company’s stock, valued at $3,238,393.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark Kidd sold 4,458 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $80.21, for a total transaction of $357,576.18. Following the completion of 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. Over the last ninety days, insiders sold 164,124 shares of company stock valued at $12,698,221. Insiders own 2.20% of the company’s stock.

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.