Fidelis Capital Partners LLC Has $625,000 Holdings in Iron Mountain Incorporated (NYSE:IRM)

Fidelis Capital Partners LLC lifted its position in Iron Mountain Incorporated (NYSE:IRM) by 4.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,214 shares of the financial services provider’s stock after acquiring an additional 279 shares during the period. Fidelis Capital Partners LLC’s holdings in Iron Mountain were worth $625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of Iron Mountain by 153.5% during the 4th quarter. Jones Financial Companies Lllp now owns 7,118 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 4,310 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Iron Mountain by 281.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 930 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 686 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in Iron Mountain during the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Iron Mountain in the fourth quarter valued at approximately $64,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Iron Mountain by 8.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,793 shares of the financial services provider’s stock valued at $186,000 after buying an additional 147 shares during the last quarter. 80.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Iron Mountain

In related news, CEO William L. Meaney sold 15,872 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the sale, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at $1,364,012.46. This represents a 38.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,391 shares of company stock valued at $16,805,912 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Barclays decreased their price objective on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. decreased their price target 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. Finally, StockNews.com upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. One research 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 company currently has an average rating of “Buy” and a consensus target price of $127.67.

Iron Mountain Stock Performance

IRM stock opened at $90.15 on Tuesday. Iron Mountain Incorporated has a 52 week low of $73.53 and a 52 week high of $130.24. The company has a market capitalization of $26.48 billion, a PE ratio of 147.79, a price-to-earnings-growth ratio of 5.15 and a beta of 1.01. The company’s 50-day simple moving average is $101.81 and its 200 day simple moving average is $111.70.

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

Iron Mountain Increases Dividend

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

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.