Iron Mountain Incorporated (NYSE:IRM) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. grew its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,295 shares of the financial services provider’s stock after purchasing an additional 5,219 shares during the quarter. Natixis Advisors L.P. owned approximately 0.06% of Iron Mountain worth $11,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of IRM. Wellington Management Group LLP lifted its position in Iron Mountain by 315.2% in the third quarter. Wellington Management Group LLP now owns 3,012,260 shares of the financial services provider’s stock valued at $179,079,000 after acquiring an additional 2,286,711 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Iron Mountain by 60.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock valued at $285,960,000 after purchasing an additional 1,546,592 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Iron Mountain by 214.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,727,813 shares of the financial services provider’s stock valued at $103,744,000 after purchasing an additional 1,178,754 shares during the period. Invesco Ltd. grew its stake in Iron Mountain by 49.7% during the 3rd quarter. Invesco Ltd. now owns 3,243,435 shares of the financial services provider’s stock worth $192,822,000 after buying an additional 1,077,339 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Iron Mountain by 59.1% during the fourth quarter. Russell Investments Group Ltd. now owns 2,081,786 shares of the financial services provider’s stock worth $145,879,000 after buying an additional 772,988 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $77.63 on Wednesday. Iron Mountain Incorporated has a 52 week low of $52.81 and a 52 week high of $82.19. The company has a 50-day moving average price of $78.23 and a 200 day moving average price of $70.24. The company has a market cap of $22.76 billion, a P/E ratio of 117.62, a PEG ratio of 4.51 and a beta of 0.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.48). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a net margin of 5.45% and a return on equity of 282.93%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. Research analysts predict that Iron Mountain Incorporated will post 4.18 earnings per share for the current year.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Monday, June 17th. Iron Mountain’s dividend payout ratio is currently 393.95%.

Insiders Place Their Bets

In other news, EVP Edward Baker-Greene sold 4,941 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.94, for a total transaction of $360,396.54. Following the sale, the executive vice president now owns 3,365 shares of the company’s stock, valued at approximately $245,443.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Edward Baker-Greene sold 4,941 shares of Iron Mountain stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.94, for a total transaction of $360,396.54. Following the completion of the transaction, the executive vice president now owns 3,365 shares of the company’s stock, valued at approximately $245,443.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Daniel Borges sold 996 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $80.00, for a total transaction of $79,680.00. Following the completion of the sale, the chief accounting officer now owns 3,095 shares in the company, valued at $247,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,749 shares of company stock worth $11,748,676. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on IRM shares. Barclays raised their target price 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. Stifel Nicolaus lifted their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Wells Fargo & Company increased their target price on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Finally, TheStreet cut Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $73.80.

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.