Dimensional Fund Advisors LP raised its stake in Iron Mountain Incorporated (NYSE:IRM) by 2.8% during the first quarter, Holdings Channel reports. The institutional investor owned 3,405,731 shares of the financial services provider’s stock after buying an additional 94,324 shares during the period. Dimensional Fund Advisors LP’s holdings in Iron Mountain were worth $121,480,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Iron Mountain by 2.1% in the first quarter. Vanguard Group Inc. now owns 43,247,671 shares of the financial services provider’s stock valued at $1,542,644,000 after buying an additional 893,442 shares in the last quarter. Parnassus Investments CA boosted its stake in Iron Mountain by 3.8% in the first quarter. Parnassus Investments CA now owns 11,942,837 shares of the financial services provider’s stock valued at $414,108,000 after buying an additional 441,458 shares in the last quarter. River Road Asset Management LLC boosted its stake in Iron Mountain by 3.4% in the first quarter. River Road Asset Management LLC now owns 3,471,116 shares of the financial services provider’s stock valued at $123,815,000 after buying an additional 114,171 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Iron Mountain by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 2,923,702 shares of the financial services provider’s stock valued at $104,288,000 after buying an additional 135,159 shares in the last quarter. Finally, Janus Capital Management LLC boosted its stake in Iron Mountain by 39.7% in the fourth quarter. Janus Capital Management LLC now owns 2,795,538 shares of the financial services provider’s stock valued at $90,799,000 after buying an additional 794,355 shares in the last quarter. 87.30% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

Shares of Iron Mountain Incorporated (NYSE IRM) traded up 0.06% during midday trading on Tuesday, reaching $34.74. The company’s stock had a trading volume of 342,464 shares. The stock has a 50-day moving average price of $34.74 and a 200-day moving average price of $34.92. Iron Mountain Incorporated has a 52-week low of $30.75 and a 52-week high of $41.50. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 91.42 and a beta of 1.01.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, April 27th. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.03. Iron Mountain had a return on equity of 12.74% and a net margin of 2.75%. The firm had revenue of $939 million for the quarter, compared to analysts’ expectations of $928.62 million. During the same quarter last year, the company posted $0.51 EPS. The firm’s revenue was up 25.0% on a year-over-year basis. Equities research analysts anticipate that Iron Mountain Incorporated will post $1.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.34%. Iron Mountain’s dividend payout ratio (DPR) is 578.96%.

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IRM has been the subject of several recent analyst reports. Zacks Investment Research cut Iron Mountain from a “hold” rating to a “sell” rating in a research note on Monday, February 27th. BidaskClub cut Iron Mountain from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Deutsche Bank AG cut Iron Mountain from a “hold” rating to a “sell” rating and decreased their target price for the stock from $41.00 to $30.00 in a research note on Wednesday, June 7th. TheStreet raised Iron Mountain from a “c+” rating to a “b” rating in a research note on Thursday, February 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 target price on shares of Iron Mountain in a research note on Friday, June 9th. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $38.75.

In other Iron Mountain news, SVP Eileen Sweeney sold 2,100 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $35.14, for a total transaction of $73,794.00. Following the transaction, the senior vice president now owns 2,104 shares in the company, valued at approximately $73,934.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Walter C. Rakowich sold 1,552 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $35.15, for a total value of $54,552.80. Following the transaction, the director now owns 15,074 shares in the company, valued at approximately $529,851.10. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Iron Mountain Company Profile

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.

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