Nia Impact Advisors LLC Sells 492 Shares of Iron Mountain Incorporated (NYSE:IRM)

Nia Impact Advisors LLC lessened its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 0.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 69,233 shares of the financial services provider’s stock after selling 492 shares during the period. Iron Mountain comprises about 2.4% of Nia Impact Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Nia Impact Advisors LLC’s holdings in Iron Mountain were worth $7,277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nissay Asset Management Corp Japan ADV boosted its position in Iron Mountain by 2.2% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 77,708 shares of the financial services provider’s stock worth $8,138,000 after purchasing an additional 1,636 shares during the period. Nomura Holdings Inc. increased its holdings in Iron Mountain by 88.6% during the 4th quarter. Nomura Holdings Inc. now owns 43,734 shares of the financial services provider’s stock worth $4,597,000 after acquiring an additional 20,551 shares during the period. NorthRock Partners LLC increased its holdings in Iron Mountain by 126.2% during the 4th quarter. NorthRock Partners LLC now owns 4,967 shares of the financial services provider’s stock worth $522,000 after acquiring an additional 2,771 shares during the period. Nuveen Asset Management LLC increased its holdings in Iron Mountain by 39.0% during the 4th quarter. Nuveen Asset Management LLC now owns 2,548,970 shares of the financial services provider’s stock worth $267,922,000 after acquiring an additional 715,024 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its holdings in Iron Mountain by 20.5% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 12,192 shares of the financial services provider’s stock worth $1,282,000 after acquiring an additional 2,073 shares during the period. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $97.42 on Wednesday. Iron Mountain Incorporated has a 52-week low of $72.33 and a 52-week high of $130.24. The stock has a market capitalization of $28.74 billion, a price-to-earnings ratio of 159.70, a price-to-earnings-growth ratio of 5.15 and a beta of 1.08. The company has a fifty day moving average of $86.99 and a 200-day moving average of $100.74.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.01. Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th will be given a dividend of $0.785 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.14 annualized dividend and a yield of 3.22%. Iron Mountain’s payout ratio is currently 765.85%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 172,552 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $91.33, for a total transaction of $15,759,174.16. Following the completion of the sale, the chief executive officer now owns 237,402 shares of the company’s stock, valued at $21,681,924.66. This represents a 42.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Daniel Borges sold 6,433 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total transaction of $597,239.72. Following the completion of the transaction, the chief accounting officer now owns 288 shares of the company’s stock, valued at $26,737.92. This trade represents a 95.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 318,973 shares of company stock valued at $29,112,345 in the last quarter. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

IRM has been the topic of a number of analyst reports. StockNews.com raised shares of Iron Mountain from a “sell” rating to a “hold” rating in a report on Friday, April 18th. Barclays decreased their target price on shares of Iron Mountain from $130.00 to $118.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. JPMorgan Chase & Co. decreased their target price on shares of Iron Mountain from $125.00 to $112.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company decreased their target price on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Truist Financial assumed coverage on shares of Iron Mountain in a report on Tuesday, April 8th. They set a “buy” rating and a $95.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Iron Mountain presently has a consensus rating of “Buy” and a consensus target price of $121.29.

Iron Mountain 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.