Raymond James Financial Services Advisors Inc. Sells 3,084 Shares of Iron Mountain Incorporated (NYSE:IRM)

Raymond James Financial Services Advisors Inc. decreased its holdings in Iron Mountain Incorporated (NYSE:IRMFree Report) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 211,006 shares of the financial services provider’s stock after selling 3,084 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Iron Mountain were worth $14,766,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Harbor Investment Advisory LLC raised its position in shares of Iron Mountain by 92.2% during the third quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC raised 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 acquiring an additional 419 shares during the last quarter. First Capital Advisors Group LLC. bought a new stake in shares of Iron Mountain during the second quarter worth $25,000. Exchange Traded Concepts LLC bought a new stake in shares of Iron Mountain during the fourth quarter worth $26,000. Finally, Compass Wealth Management LLC bought a new stake in shares of Iron Mountain during the fourth quarter worth $26,000. Institutional investors own 80.13% of the company’s stock.

Analyst Ratings Changes

IRM has been the subject of a number of recent research reports. TheStreet downgraded Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Barclays boosted their target price on 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 upped their price objective on 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 upped their price objective on Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.80.

View Our Latest Report on Iron Mountain

Insider Buying and Selling

In related 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 transaction 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 approximately $247,600. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Deborah Marson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $78.70, for a total transaction of $157,400.00. Following the completion of the transaction, the executive vice president now directly owns 67,286 shares of the company’s stock, valued at approximately $5,295,408.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Daniel Borges sold 996 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $80.00, for a total transaction of $79,680.00. Following the transaction, the chief accounting officer now directly owns 3,095 shares of the company’s stock, valued at $247,600. The disclosure for this sale can be found here. In the last three months, insiders sold 171,983 shares of company stock valued at $13,030,171. 2.20% of the stock is owned by corporate insiders.

Iron Mountain Trading Up 0.1 %

NYSE IRM opened at $80.21 on Friday. The stock has a 50-day simple moving average of $73.90 and a 200 day simple moving average of $67.05. The company has a market capitalization of $23.44 billion, a PE ratio of 127.32, a P/E/G ratio of 4.82 and a beta of 0.94. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 55.78. Iron Mountain Incorporated has a 12 month low of $50.49 and a 12 month high of $82.19.

Iron Mountain (NYSE:IRMGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.52 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 for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business earned $0.98 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts forecast that Iron Mountain Incorporated will post 4.16 EPS for the current year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Friday, March 15th will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a yield of 3.24%. Iron Mountain’s payout ratio is 412.70%.

Iron Mountain Company Profile

(Free Report)

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work.

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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