Capital Investment Advisory Services LLC Has $783,000 Position in Iron Mountain Incorporated (NYSE:IRM)

Capital Investment Advisory Services LLC lessened its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 27.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,196 shares of the financial services provider’s stock after selling 4,179 shares during the period. Capital Investment Advisory Services LLC’s holdings in Iron Mountain were worth $783,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Iron Mountain by 315.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,012,260 shares of the financial services provider’s stock worth $179,079,000 after purchasing an additional 2,286,711 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Iron Mountain by 60.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock worth $285,960,000 after acquiring an additional 1,546,592 shares during the period. Ameriprise Financial Inc. raised its position in shares of Iron Mountain by 214.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,727,813 shares of the financial services provider’s stock valued at $103,744,000 after acquiring an additional 1,178,754 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Iron Mountain by 49.7% in the 3rd quarter. Invesco Ltd. now owns 3,243,435 shares of the financial services provider’s stock valued at $192,822,000 after purchasing an additional 1,077,339 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Iron Mountain in the 3rd quarter worth $38,430,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Price Performance

Shares of IRM opened at $75.85 on Tuesday. The stock has a 50 day simple moving average of $76.70 and a 200 day simple moving average of $68.91. Iron Mountain Incorporated has a 52-week low of $52.81 and a 52-week high of $82.19. The company has a debt-to-equity ratio of 55.78, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $22.17 billion, a PE ratio of 120.40, a P/E/G ratio of 4.51 and a beta of 0.94.

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

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.60 annualized dividend and a dividend yield of 3.43%. Iron Mountain’s dividend payout ratio is currently 412.70%.

Insider Buying and Selling

In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction dated 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 sale, 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 Securities & Exchange Commission, which is available at this link. Also, EVP Deborah Marson sold 2,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $67.43, for a total transaction of $134,860.00. Following the transaction, the executive vice president now owns 48,026 shares of the company’s stock, valued at $3,238,393.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,124 shares of company stock worth $12,698,221. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Iron Mountain Company 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.