Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Iron Mountain Incorporated (NYSE:IRM) by 26.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,238 shares of the financial services provider’s stock after buying an additional 22,280 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Iron Mountain were worth $7,505,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IRM. State Street Corp grew its holdings in Iron Mountain by 1.8% during the first quarter. State Street Corp now owns 14,622,009 shares of the financial services provider’s stock worth $819,026,000 after acquiring an additional 261,765 shares during the period. Geode Capital Management LLC grew its stake in shares of Iron Mountain by 12.1% in the 1st quarter. Geode Capital Management LLC now owns 7,781,928 shares of the financial services provider’s stock worth $411,015,000 after purchasing an additional 837,623 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Iron Mountain by 10.5% in the 1st quarter. Deutsche Bank AG now owns 4,584,196 shares of the financial services provider’s stock worth $242,550,000 after purchasing an additional 436,842 shares in the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in Iron Mountain during the fourth quarter valued at approximately $224,698,000. Finally, Northern Trust Corp boosted its holdings in Iron Mountain by 1.2% during the third quarter. Northern Trust Corp now owns 3,913,828 shares of the financial services provider’s stock worth $232,677,000 after buying an additional 47,902 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction on 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 sale, the executive vice president now owns 48,026 shares of the company’s stock, valued at approximately $3,238,393.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $3,238,393.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Daniel Borges sold 996 shares of the stock in a transaction 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 sale, the chief accounting officer now 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 quarter, insiders have sold 164,124 shares of company stock worth $12,698,221. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

IRM has been the topic of several research reports. TheStreet cut Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Wells Fargo & Company upped their target price on Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Barclays increased their price target on Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus boosted their price objective on 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.80.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $75.15 on Thursday. Iron Mountain Incorporated has a 12 month low of $52.05 and a 12 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 stock has a market cap of $21.96 billion, a PE ratio of 119.29, a price-to-earnings-growth ratio of 4.50 and a beta of 0.94. The business has a fifty day simple moving average of $76.31 and a 200-day simple moving average of $68.47.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts anticipate that Iron Mountain Incorporated will post 4.16 EPS for the current fiscal 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 given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Thursday, March 14th. Iron Mountain’s payout ratio is presently 412.70%.

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.