Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC cut its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,085 shares of the financial services provider’s stock after selling 206 shares during the period. Metis Global Partners LLC’s holdings in Iron Mountain were worth $1,056,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC lifted its position 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 worth $25,000 after purchasing an additional 419 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Iron Mountain by 201.7% during the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Iron Mountain during the fourth quarter worth about $26,000. CVA Family Office LLC bought a new position in shares of Iron Mountain during the fourth quarter worth about $32,000. Finally, Muzinich & Co. Inc. bought a new position in shares of Iron Mountain during the third quarter worth about $35,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 996 shares of the firm’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 sale, the chief accounting officer now owns 3,095 shares in the company, valued at $247,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Daniel Borges sold 996 shares of the firm’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 transaction of $79,680.00. Following the transaction, the chief accounting officer now owns 3,095 shares in the company, valued at $247,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Edward Baker-Greene sold 4,941 shares of the firm’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 transaction, the executive vice president now owns 3,365 shares in the company, valued at approximately $245,443.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,296 shares of company stock worth $12,023,923. 2.10% of the stock is owned by company insiders.

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $78.04 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63. The firm’s 50-day moving average price is $78.29 and its two-hundred day moving average price is $70.30. Iron Mountain Incorporated has a 52-week low of $52.81 and a 52-week high of $82.19. The stock has a market capitalization of $22.88 billion, a P/E ratio of 118.24, a P/E/G ratio of 4.51 and a beta of 0.96.

Iron Mountain (NYSE:IRM) last announced 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). Iron Mountain had a net margin of 5.45% and a return on equity of 282.93%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business posted $0.98 EPS. Iron Mountain’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Iron Mountain Incorporated will post 4.18 earnings per share for the current year.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a $0.65 dividend. The ex-dividend date is Monday, June 17th. This represents a $2.60 annualized dividend and a dividend yield of 3.33%. Iron Mountain’s payout ratio is currently 393.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays increased 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 increased 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. TheStreet cut shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Finally, Stifel Nicolaus raised their target price on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. One 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 currently has a consensus 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.