Apollon Wealth Management LLC Has $1.69 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Apollon Wealth Management LLC increased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,112 shares of the financial services provider’s stock after buying an additional 1,862 shares during the quarter. Apollon Wealth Management LLC’s holdings in Iron Mountain were worth $1,687,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Deutsche Bank AG grew its holdings in Iron Mountain by 0.7% during the third quarter. Deutsche Bank AG now owns 4,571,545 shares of the financial services provider’s stock worth $271,778,000 after buying an additional 29,683 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Iron Mountain by 60.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock worth $285,960,000 after purchasing an additional 1,546,592 shares during the last quarter. Northern Trust Corp increased its position in shares of Iron Mountain by 1.2% during the 3rd quarter. Northern Trust Corp now owns 3,913,828 shares of the financial services provider’s stock valued at $232,677,000 after purchasing an additional 47,902 shares during the last quarter. Invesco Ltd. raised its stake in shares of Iron Mountain by 49.7% during the 3rd quarter. Invesco Ltd. now owns 3,243,435 shares of the financial services provider’s stock worth $192,822,000 after purchasing an additional 1,077,339 shares during the period. Finally, Wellington Management Group LLP grew its position in Iron Mountain by 315.2% during the third quarter. Wellington Management Group LLP now owns 3,012,260 shares of the financial services provider’s stock valued at $179,079,000 after buying an additional 2,286,711 shares during the period. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Iron Mountain

In other news, 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 transaction, the executive vice president now owns 62,938 shares of the company’s stock, valued at $5,048,256.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Mark Kidd sold 4,458 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $80.21, for a total value of $357,576.18. Following the completion of the transaction, the executive vice president now owns 62,938 shares of the company’s stock, valued at approximately $5,048,256.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $78.70, for a total transaction of $157,400.00. Following the transaction, the executive vice president now directly owns 67,286 shares of the company’s stock, valued at $5,295,408.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,749 shares of company stock valued at $11,748,676. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays raised their target price on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. TheStreet downgraded shares of 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 shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Finally, Stifel Nicolaus upped their price target 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 research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

Iron Mountain Trading Down 0.7 %

Shares of Iron Mountain stock traded down $0.56 on Wednesday, hitting $77.04. The stock had a trading volume of 140,635 shares, compared to its average volume of 1,412,740. Iron Mountain Incorporated has a one year low of $52.81 and a one year high of $82.19. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 117.62, a PEG ratio of 4.51 and a beta of 0.96. The stock’s 50-day simple moving average is $78.23 and its two-hundred day simple moving average is $70.24. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63.

Iron Mountain (NYSE:IRM) last issued its quarterly 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). The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.45 billion. Iron Mountain had a return on equity of 282.93% and a net margin of 5.45%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, sell-side analysts predict that Iron Mountain Incorporated will post 4.18 EPS for the current year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Monday, June 17th. Iron Mountain’s dividend payout ratio (DPR) is presently 393.95%.

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.