Iron Mountain Incorporated (NYSE:IRM) Shares Purchased by Simplicity Solutions LLC

Simplicity Solutions LLC boosted its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,185 shares of the financial services provider’s stock after buying an additional 1,379 shares during the quarter. Simplicity Solutions LLC’s holdings in Iron Mountain were worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC increased its stake in Iron Mountain by 92.2% in the 3rd quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of Iron Mountain by 6,983.3% during the 3rd quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock worth $25,000 after buying an additional 419 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Iron Mountain by 201.7% in the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after buying an additional 242 shares in the last quarter. First Capital Advisors Group LLC. acquired a new stake in Iron Mountain in the 2nd quarter valued at about $25,000. Finally, Exchange Traded Concepts LLC purchased a new position in Iron Mountain during the 4th quarter valued at about $26,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Price Performance

IRM stock opened at $74.84 on Tuesday. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of 118.80, a price-to-earnings-growth ratio of 4.57 and a beta of 0.94. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 55.78. Iron Mountain Incorporated has a 52-week low of $52.05 and a 52-week high of $82.19. The stock’s fifty day simple moving average is $76.05 and its 200-day simple moving average is $68.31.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.48). Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts expect that Iron Mountain Incorporated will post 4.16 EPS for the current year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, March 14th. Iron Mountain’s dividend payout ratio (DPR) is 412.70%.

Insiders Place Their Bets

In other news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $78.48, for a total transaction of $156,960.00. Following the completion of the sale, the executive vice president now directly owns 65,286 shares in the company, valued at approximately $5,123,645.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Iron Mountain news, EVP Edward Baker-Greene sold 4,941 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.94, for a total transaction of $360,396.54. Following the completion of the sale, the executive vice president now directly owns 3,365 shares in the company, valued at $245,443.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deborah Marson sold 2,000 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $78.48, for a total transaction of $156,960.00. Following the completion of the sale, the executive vice president now directly owns 65,286 shares of the company’s stock, valued at approximately $5,123,645.28. The disclosure for this sale can be found here. Insiders have sold a total of 148,249 shares of company stock valued at $11,480,926 over the last quarter. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on IRM shares. TheStreet lowered shares of Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Wells Fargo & Company raised their price target on 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 upped their price objective on Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, Barclays lifted their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.