Xponance Inc. Sells 2,773 Shares of Iron Mountain Incorporated (NYSE:IRM)

Xponance Inc. lowered its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,852 shares of the financial services provider’s stock after selling 2,773 shares during the period. Xponance Inc.’s holdings in Iron Mountain were worth $3,699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IRM. Acadian Asset Management LLC raised its stake in shares of Iron Mountain by 15.1% during the first quarter. Acadian Asset Management LLC now owns 2,503 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 328 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Iron Mountain by 71.3% during the 1st quarter. Panagora Asset Management Inc. now owns 18,549 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 7,719 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Iron Mountain by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,743 shares of the financial services provider’s stock valued at $2,147,000 after buying an additional 2,399 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of Iron Mountain by 13.0% in the first quarter. APG Asset Management N.V. now owns 18,205 shares of the financial services provider’s stock valued at $907,000 after buying an additional 2,100 shares during the period. Finally, Raymond James Trust N.A. raised its position in shares of Iron Mountain by 52.8% during the first quarter. Raymond James Trust N.A. now owns 7,552 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 2,608 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Up 0.9 %

Shares of NYSE IRM opened at $75.10 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 55.78. The firm has a market cap of $21.95 billion, a PE ratio of 119.21, a P/E/G ratio of 4.51 and a beta of 0.94. The company’s fifty day simple moving average is $76.56 and its 200 day simple moving average is $68.78. Iron Mountain Incorporated has a 12-month low of $52.81 and a 12-month high of $82.19.

Iron Mountain (NYSE:IRM) last issued its 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 firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. As a group, sell-side analysts forecast that Iron Mountain Incorporated will post 4.16 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently declared 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 of this dividend was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a yield of 3.46%. Iron Mountain’s dividend payout ratio (DPR) is presently 412.70%.

Insiders Place Their Bets

In other news, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $67.43, for a total transaction of $134,860.00. Following the completion of the transaction, the executive vice president now directly owns 48,026 shares in the company, valued at $3,238,393.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Daniel Borges sold 996 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was 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 $247,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $67.43, for a total value of $134,860.00. Following the transaction, the executive vice president now directly owns 48,026 shares in the company, valued at approximately $3,238,393.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,124 shares of company stock worth $12,698,221. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. TheStreet cut Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Barclays increased their price objective 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 target price on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, Stifel Nicolaus increased their price target on Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.