Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 963,359 shares of the financial services provider’s stock after acquiring an additional 12,656 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Iron Mountain were worth $67,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC lifted its holdings in Iron Mountain by 92.2% in the third quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 200 shares during the period. Manchester Capital Management LLC lifted its holdings in Iron Mountain by 6,983.3% in the third quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 419 shares during the period. Blue Trust Inc. lifted its holdings in Iron Mountain by 201.7% in the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 242 shares during the period. First Capital Advisors Group LLC. acquired a new position in Iron Mountain in the second quarter valued at approximately $25,000. Finally, Exchange Traded Concepts LLC acquired a new position in Iron Mountain in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Down 1.0 %

Iron Mountain stock opened at $74.41 on Friday. The company has a debt-to-equity ratio of 55.78, a current ratio of 0.78 and a quick ratio of 0.78. Iron Mountain Incorporated has a 12 month low of $52.05 and a 12 month high of $82.19. The stock has a market capitalization of $21.75 billion, a PE ratio of 118.11, a price-to-earnings-growth ratio of 4.49 and a beta of 0.94. The business has a 50 day simple moving average of $76.43 and a 200-day simple moving average of $68.51.

Iron Mountain (NYSE:IRM) last issued its quarterly 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). Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts anticipate that Iron Mountain Incorporated will post 4.16 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Thursday, March 14th. Iron Mountain’s payout ratio is 412.70%.

Wall Street Analysts Forecast Growth

IRM has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. TheStreet cut Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Barclays boosted their price objective 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 company a “buy” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.80.

Insider Buying and Selling

In related news, CAO Daniel Borges sold 996 shares of the business’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 completion of the sale, the chief accounting officer now directly owns 3,095 shares in the company, valued at $247,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $67.43, for a total value of $134,860.00. Following the completion of the sale, the executive vice president now directly owns 48,026 shares in the company, valued at approximately $3,238,393.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Daniel Borges sold 996 shares of the company’s stock in a transaction on Monday, March 4th. The shares were 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 owns 3,095 shares of the company’s stock, valued at $247,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,124 shares of company stock worth $12,698,221. 2.20% of the stock is owned by corporate 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.