Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 46.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,813 shares of the financial services provider’s stock after purchasing an additional 8,792 shares during the period. Mizuho Securities USA LLC’s holdings in Iron Mountain were worth $2,923,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IRM. Quantbot Technologies LP grew its holdings in Iron Mountain by 820.8% in the 4th quarter. Quantbot Technologies LP now owns 45,922 shares of the financial services provider’s stock worth $4,827,000 after buying an additional 40,935 shares in the last quarter. One Charles Private Wealth Services LLC boosted its position in Iron Mountain by 1.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 11,760 shares of the financial services provider’s stock worth $1,236,000 after acquiring an additional 119 shares during the period. Lee Danner & Bass Inc. grew its stake in shares of Iron Mountain by 36.7% in the fourth quarter. Lee Danner & Bass Inc. now owns 34,450 shares of the financial services provider’s stock worth $3,621,000 after purchasing an additional 9,245 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Iron Mountain by 46.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 489 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 155 shares during the period. Finally, Whittier Trust Co. raised its stake in shares of Iron Mountain by 4.8% during the fourth quarter. Whittier Trust Co. now owns 3,157 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 144 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Up 3.0 %

IRM opened at $90.14 on Tuesday. The firm has a market cap of $26.48 billion, a PE ratio of 147.77, a P/E/G ratio of 5.15 and a beta of 1.04. The business has a fifty day simple moving average of $96.65 and a 200-day simple moving average of $109.03. Iron Mountain Incorporated has a fifty-two week low of $73.53 and a fifty-two week high of $130.24.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.70). The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. During the same quarter last year, the business earned $0.52 EPS. On average, equities research analysts anticipate that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.785 per share. The ex-dividend date is Monday, March 17th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.72. Iron Mountain’s payout ratio is currently 514.75%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IRM shares. JPMorgan Chase & Co. lowered their target price on shares of Iron Mountain from $125.00 to $112.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company dropped their target price on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada increased their price target on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Barclays dropped their price objective on Iron Mountain from $130.00 to $118.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, StockNews.com raised Iron Mountain from a “sell” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $125.67.

Insider Activity at Iron Mountain

In other news, CAO Daniel Borges sold 6,433 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total value of $597,239.72. Following the completion of the sale, the chief accounting officer now owns 288 shares in the company, valued at $26,737.92. This represents a 95.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Meaney sold 69,131 shares of Iron Mountain stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total value of $7,248,385.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 318,979 shares of company stock worth $30,666,904. 2.10% of the stock is owned by corporate insiders.

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.