Bleakley Financial Group LLC Has $1.13 Million Stock Position in Iron Mountain Incorporated (NYSE:IRM)

Bleakley Financial Group LLC raised its holdings in Iron Mountain Incorporated (NYSE:IRM) by 9.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,212 shares of the financial services provider’s stock after buying an additional 1,406 shares during the quarter. Bleakley Financial Group LLC’s holdings in Iron Mountain were worth $1,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IRM. Global Retirement Partners LLC lifted its position in shares of Iron Mountain by 1.7% in the 4th quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock worth $612,000 after acquiring an additional 156 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Iron Mountain by 17.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,171 shares of the financial services provider’s stock valued at $82,000 after buying an additional 171 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Iron Mountain by 2.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,429 shares of the financial services provider’s stock valued at $382,000 after buying an additional 177 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in Iron Mountain by 4.6% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,293 shares of the financial services provider’s stock valued at $255,000 after buying an additional 188 shares in the last quarter. Finally, Aspire Private Capital LLC boosted its stake in Iron Mountain by 2.1% in the 3rd quarter. Aspire Private Capital LLC now owns 9,290 shares of the financial services provider’s stock valued at $552,000 after buying an additional 188 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on IRM. Stifel Nicolaus boosted their price target on Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Barclays boosted their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Wells Fargo & Company boosted their price objective on Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Finally, TheStreet lowered Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.80.

Iron Mountain Trading Up 1.2 %

IRM stock opened at $76.61 on Friday. The company has a market cap of $22.39 billion, a P/E ratio of 121.61, a PEG ratio of 4.73 and a beta of 0.94. Iron Mountain Incorporated has a twelve month low of $52.05 and a twelve month high of $82.19. 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 business has a fifty day moving average of $75.78 and a 200-day moving average of $67.98.

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

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were issued a $0.65 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a yield of 3.39%. Iron Mountain’s dividend payout ratio is presently 412.70%.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 115,979 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $78.90, for a total value of $9,150,743.10. Following the completion of the sale, the chief executive officer now owns 432,682 shares in the company, valued at $34,138,609.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO William L. Meaney sold 115,979 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $78.90, for a total value of $9,150,743.10. Following the completion of the sale, the chief executive officer now owns 432,682 shares in the company, valued at $34,138,609.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Kidd sold 4,458 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $80.21, for a total value of $357,576.18. Following the completion of the sale, the executive vice president now owns 62,938 shares of the company’s stock, valued at approximately $5,048,256.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,249 shares of company stock worth $11,480,926. 2.20% of the stock is owned by insiders.

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.