Focus Partners Wealth Purchases 27,353 Shares of Iron Mountain Incorporated $IRM

Focus Partners Wealth lifted its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 22.4% in the first quarter, Holdings Channel reports. The institutional investor owned 149,537 shares of the financial services provider’s stock after acquiring an additional 27,353 shares during the period. Focus Partners Wealth’s holdings in Iron Mountain were worth $12,895,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Iron Mountain by 5.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,618 shares of the financial services provider’s stock valued at $3,008,000 after buying an additional 1,421 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in Iron Mountain by 20.5% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 12,192 shares of the financial services provider’s stock valued at $1,282,000 after acquiring an additional 2,073 shares in the last quarter. NorthRock Partners LLC lifted its position in shares of Iron Mountain by 126.2% during the 4th quarter. NorthRock Partners LLC now owns 4,967 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 2,771 shares during the period. Nomura Holdings Inc. lifted its position in shares of Iron Mountain by 88.6% during the 4th quarter. Nomura Holdings Inc. now owns 43,734 shares of the financial services provider’s stock valued at $4,597,000 after acquiring an additional 20,551 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of Iron Mountain by 2.2% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 77,708 shares of the financial services provider’s stock worth $8,138,000 after purchasing an additional 1,636 shares during the period. Institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In related news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $91.05, for a total value of $546,300.00. Following the completion of the sale, the executive vice president directly owned 79,081 shares in the company, valued at $7,200,325.05. This represents a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Greg W. Mcintosh sold 17,334 shares of Iron Mountain stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $100.00, for a total value of $1,733,400.00. Following the transaction, the executive vice president directly owned 35,446 shares in the company, valued at $3,544,600. The trade was a 32.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 236,709 shares of company stock worth $22,555,809 over the last ninety days. Insiders own 1.90% of the company’s stock.

Iron Mountain Stock Down 2.0%

Shares of IRM opened at $96.82 on Friday. The stock has a market cap of $28.60 billion, a PE ratio of 691.64 and a beta of 1.08. Iron Mountain Incorporated has a 12-month low of $72.33 and a 12-month high of $130.24. The business has a 50-day simple moving average of $94.93 and a two-hundred day simple moving average of $93.37.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.05. Iron Mountain had a negative return on equity of 146.80% and a net margin of 0.66%.The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm posted $1.08 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities research analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Monday, September 15th will be issued a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, September 15th. Iron Mountain’s payout ratio is presently 2,242.86%.

Wall Street Analyst Weigh In

IRM has been the subject of several analyst reports. Barclays boosted their target price on shares of Iron Mountain from $121.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lowered their target price on Iron Mountain from $112.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $120.17.

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.