GAMMA Investing LLC Makes New $105,000 Investment in Iron Mountain Incorporated (NYSE:IRM)

GAMMA Investing LLC acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,559 shares of the financial services provider’s stock, valued at approximately $105,000.

A number of other hedge funds also recently modified their holdings of IRM. CX Institutional acquired a new stake in Iron Mountain during the third quarter worth about $282,000. Czech National Bank lifted its holdings in shares of Iron Mountain by 47.8% during the 3rd quarter. Czech National Bank now owns 51,009 shares of the financial services provider’s stock worth $3,032,000 after acquiring an additional 16,487 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Iron Mountain by 2.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 113,917 shares of the financial services provider’s stock worth $6,772,000 after acquiring an additional 3,224 shares during the period. Coastal Investment Advisors Inc. lifted its holdings in shares of Iron Mountain by 2.3% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 13,723 shares of the financial services provider’s stock worth $780,000 after acquiring an additional 310 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Iron Mountain by 5.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 198,302 shares of the financial services provider’s stock worth $11,789,000 after acquiring an additional 10,063 shares during the period. Institutional investors 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 the company’s stock in a transaction that occurred 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 completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. In other news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $68.24, for a total transaction of $1,083,310.00. Following the completion of the sale, 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 is available at this link. Also, EVP Deborah Marson sold 2,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $67.43, for a total transaction of $134,860.00. Following the sale, the executive vice president now owns 48,026 shares of the company’s stock, valued at $3,238,393.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,124 shares of company stock worth $12,698,221. 2.10% of the stock is currently owned by company insiders.

Iron Mountain Price Performance

IRM stock opened at $77.52 on Monday. The company has a 50 day simple moving average of $77.46 and a 200 day simple moving average of $69.42. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 123.05, a P/E/G ratio of 4.64 and a beta of 0.94. Iron Mountain Incorporated has a 1 year low of $52.81 and a 1 year high of $82.19. 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 (NYSE:IRM) last announced its quarterly earnings results 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 net margin of 5.44% and a return on equity of 178.02%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company posted $0.98 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that Iron Mountain Incorporated will post 4.18 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Thursday, March 14th. Iron Mountain’s dividend payout ratio (DPR) is currently 412.70%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Wells Fargo & Company upped their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. TheStreet downgraded shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Finally, Barclays upped their price target on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

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.