Iron Mountain Incorporated (NYSE:IRM) Holdings Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 3.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 49,953 shares of the financial services provider’s stock after selling 1,870 shares during the period. Yousif Capital Management LLC’s holdings in Iron Mountain were worth $3,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of IRM. Manchester Capital Management LLC raised its stake in shares of Iron Mountain by 6,983.3% during the third quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 419 shares in the last quarter. Blue Trust Inc. raised its position in Iron Mountain by 201.7% in the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 242 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Iron Mountain in the fourth quarter worth about $26,000. Hanson & Doremus Investment Management bought a new stake in Iron Mountain in the third quarter worth about $28,000. Finally, CVA Family Office LLC bought a new stake in Iron Mountain in the fourth quarter worth about $32,000. 80.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Wells Fargo & Company boosted their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Stifel Nicolaus boosted their price target on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, TheStreet cut shares of Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

Insider Buying and Selling at Iron Mountain

In related news, EVP Mark Kidd sold 4,458 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $80.21, for a total value of $357,576.18. Following the completion of the sale, the executive vice president now owns 62,938 shares of the company’s stock, valued at approximately $5,048,256.98. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Mark Kidd sold 4,458 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $80.21, for a total value of $357,576.18. Following the completion of the sale, the executive vice president now owns 62,938 shares of the company’s stock, valued at approximately $5,048,256.98. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Daniel Borges sold 996 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $80.00, for a total value of $79,680.00. Following the completion of the sale, the chief accounting officer now directly owns 3,095 shares of the company’s stock, valued at approximately $247,600. The disclosure for this sale can be found here. Insiders have sold a total of 164,124 shares of company stock valued at $12,698,221 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Iron Mountain Trading Up 0.3 %

Shares of IRM opened at $77.52 on Friday. The business’s 50-day moving average price is $77.46 and its 200 day moving average price is $69.36. The stock has a market capitalization of $22.72 billion, a P/E ratio of 123.05, a P/E/G ratio of 4.64 and a beta of 0.94. Iron Mountain Incorporated has a 1-year low of $52.81 and a 1-year high of $82.19. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 55.78.

Iron Mountain (NYSE:IRM) last released its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.48). Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $0.98 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Analysts expect that Iron Mountain Incorporated will post 4.18 earnings per share for the current year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were paid a dividend of $0.65 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.60 annualized dividend and a yield of 3.35%. Iron Mountain’s dividend payout ratio (DPR) is presently 412.70%.

Iron Mountain Company 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.