Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC reduced its stake in Iron Mountain Incorporated (NYSE:IRM) by 23.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,605 shares of the financial services provider’s stock after selling 1,449 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Iron Mountain were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IRM. Blue Trust Inc. lifted its holdings in shares of Iron Mountain by 201.7% in the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after buying an additional 242 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Iron Mountain during the fourth quarter valued at $26,000. 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 worth $25,000 after acquiring an additional 419 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Iron Mountain during the fourth quarter worth approximately $32,000. Finally, Muzinich & Co. Inc. purchased a new stake in shares of Iron Mountain during the third quarter worth $35,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Daniel Borges sold 996 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $80.00, for a total value of $79,680.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,095 shares in the company, valued at approximately $247,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Edward Baker-Greene sold 4,941 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.94, for a total transaction of $360,396.54. Following the sale, the executive vice president now owns 3,365 shares in the company, valued at $245,443.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel Borges sold 996 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $80.00, for a total value of $79,680.00. Following the completion of the sale, the chief accounting officer now directly owns 3,095 shares of the company’s stock, valued at approximately $247,600. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,296 shares of company stock valued at $12,023,923. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. 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 report on Tuesday, January 23rd. TheStreet cut shares of Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. 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 note on Friday, March 15th. Finally, Barclays upped their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.80.

Iron Mountain Stock Performance

IRM stock opened at $79.60 on Friday. 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 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63. The company has a market cap of $23.33 billion, a P/E ratio of 120.61, a price-to-earnings-growth ratio of 4.51 and a beta of 0.96. The business’s fifty day moving average is $78.31 and its 200-day moving average is $70.36.

Iron Mountain (NYSE:IRM) last released its 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). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a net margin of 5.45% and a return on equity of 282.93%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. Equities research analysts forecast that Iron Mountain Incorporated will post 4.18 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors 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 dividend yield of 3.27%. The ex-dividend date is Monday, June 17th. Iron Mountain’s dividend payout ratio is currently 393.95%.

About Iron Mountain

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.