Mutual of America Capital Management LLC Has $2.73 Million Position in Iron Mountain Incorporated (NYSE:IRM)

Mutual of America Capital Management LLC lowered its holdings in Iron Mountain Incorporated (NYSE:IRM) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,072 shares of the financial services provider’s stock after selling 1,765 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Iron Mountain were worth $2,734,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Iron Mountain by 201.7% during the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 242 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Iron Mountain during the fourth quarter worth $26,000. 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. Finally, First Capital Advisors Group LLC. bought a new stake in shares of Iron Mountain during the second quarter worth $25,000. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Down 1.0 %

NYSE IRM opened at $74.41 on Friday. The firm has a market cap of $21.75 billion, a P/E ratio of 118.11, a P/E/G ratio of 4.49 and a beta of 0.94. The company has a debt-to-equity ratio of 55.78, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s 50-day moving average is $76.43 and its 200-day moving average is $68.51. Iron Mountain Incorporated has a one year low of $52.05 and a one year high of $82.19.

Iron Mountain (NYSE:IRM) 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). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates 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 for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. Sell-side analysts anticipate 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. Stockholders 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 dividend yield of 3.49%. The ex-dividend date was Thursday, March 14th. Iron Mountain’s dividend payout ratio is currently 412.70%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $68.24, for a total transaction of $1,083,310.00. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at $20,175,156. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Deborah Marson sold 2,000 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $78.48, for a total transaction of $156,960.00. Following the completion of the transaction, the executive vice president now directly owns 65,286 shares in the company, valued at $5,123,645.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $68.24, for a total value of $1,083,310.00. Following the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $20,175,156. The disclosure for this sale can be found here. Insiders have sold a total of 164,124 shares of company stock valued at $12,698,221 over the last 90 days. 2.20% of the stock is owned by company insiders.

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.