Iron Mountain Incorporated (NYSE:IRM) Position Raised by Ahrens Investment Partners LLC

Ahrens Investment Partners LLC raised its stake in Iron Mountain Incorporated (NYSE:IRM) by 8.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,050 shares of the financial services provider’s stock after buying an additional 1,200 shares during the quarter. Ahrens Investment Partners LLC’s holdings in Iron Mountain were worth $557,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Future Financial Wealth Managment LLC raised its stake in shares of Iron Mountain by 2.2% during the first quarter. Future Financial Wealth Managment LLC now owns 25,208 shares of the financial services provider’s stock valued at $933,000 after purchasing an additional 533 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Iron Mountain by 16.0% during the first quarter. IFM Investors Pty Ltd now owns 33,255 shares of the financial services provider’s stock valued at $1,231,000 after purchasing an additional 4,576 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of Iron Mountain by 5.1% during the first quarter. Natixis Advisors L.P. now owns 92,844 shares of the financial services provider’s stock valued at $3,436,000 after purchasing an additional 4,519 shares in the last quarter. Atlantic Union Bankshares Corp raised its stake in shares of Iron Mountain by 5.2% during the first quarter. Atlantic Union Bankshares Corp now owns 10,727 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 533 shares in the last quarter. Finally, Sargent Investment Group LLC raised its stake in shares of Iron Mountain by 16.6% during the first quarter. Sargent Investment Group LLC now owns 156,673 shares of the financial services provider’s stock valued at $5,798,000 after purchasing an additional 22,250 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

In related news, EVP Deborah Marson sold 625 shares of the company’s stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of $41.95, for a total value of $26,218.75. Following the completion of the sale, the executive vice president now owns 43,377 shares in the company, valued at approximately $1,819,665.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 15,783 shares of the company’s stock in a transaction that occurred on Monday, February 22nd. The shares were sold at an average price of $32.35, for a total transaction of $510,580.05. Following the completion of the sale, the chief executive officer now owns 210,501 shares of the company’s stock, valued at approximately $6,809,707.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,603 shares of company stock valued at $5,386,945. 2.10% of the stock is owned by insiders.

NYSE IRM traded up $0.62 on Friday, hitting $42.50. 2,736,228 shares of the company were exchanged, compared to its average volume of 3,137,495. The company has a debt-to-equity ratio of 9.20, a current ratio of 0.60 and a quick ratio of 0.60. Iron Mountain Incorporated has a twelve month low of $22.18 and a twelve month high of $42.87. The firm has a market capitalization of $12.27 billion, a P/E ratio of 92.39, a price-to-earnings-growth ratio of 6.40 and a beta of 0.79. The company’s 50 day moving average price is $38.97 and its 200-day moving average price is $32.72.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, May 6th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.32). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. Iron Mountain had a net margin of 3.19% and a return on equity of 23.61%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. As a group, equities analysts expect that Iron Mountain Incorporated will post 2.28 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 6th. Investors of record on Tuesday, June 15th will be given a $0.618 dividend. The ex-dividend date of this dividend is Monday, June 14th. This represents a $2.47 annualized dividend and a dividend yield of 5.82%. Iron Mountain’s dividend payout ratio (DPR) is presently 107.86%.

IRM has been the topic of a number of recent analyst reports. Credit Suisse Group lifted their price objective on shares of Iron Mountain from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Wednesday, March 3rd. Zacks Investment Research upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating and set a $37.00 price target on the stock in a research report on Monday, March 1st. TheStreet upgraded shares of Iron Mountain from a “c+” rating to a “b” rating in a research report on Wednesday, February 24th. Wells Fargo & Company boosted their price target on shares of Iron Mountain from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, February 25th. Finally, The Goldman Sachs Group boosted their price target on shares of Iron Mountain from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Iron Mountain presently has a consensus rating of “Hold” and an average price target of $34.00.

Iron Mountain Profile

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

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

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