Sigma Planning Corp Has $267,000 Position in Iron Mountain Incorporated (NYSE:IRM)

Sigma Planning Corp reduced its holdings in Iron Mountain Incorporated (NYSE:IRM) by 49.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,809 shares of the financial services provider’s stock after selling 3,667 shares during the quarter. Sigma Planning Corp’s holdings in Iron Mountain were worth $267,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Iron Mountain in the fourth quarter worth $16,590,000. Daiwa Securities Group Inc. raised its holdings in Iron Mountain by 60.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock worth $285,960,000 after purchasing an additional 1,546,592 shares during the period. Handelsbanken Fonder AB raised its holdings in Iron Mountain by 42.3% in the fourth quarter. Handelsbanken Fonder AB now owns 162,087 shares of the financial services provider’s stock worth $11,343,000 after purchasing an additional 48,170 shares during the period. Allworth Financial LP increased its position in shares of Iron Mountain by 6,889.9% during the fourth quarter. Allworth Financial LP now owns 63,189 shares of the financial services provider’s stock worth $4,422,000 after acquiring an additional 62,285 shares in the last quarter. Finally, Waverly Advisors LLC bought a new stake in shares of Iron Mountain during the third quarter worth $1,993,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Stock Up 0.3 %

Iron Mountain stock opened at $77.52 on Monday. The company has a market cap of $22.72 billion, a P/E ratio of 123.05, a price-to-earnings-growth 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 fifty day simple moving average of $77.46 and a 200 day simple moving average of $69.42. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 55.78.

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 business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.45 billion. Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. Research analysts anticipate that Iron Mountain Incorporated will post 4.18 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TheStreet downgraded shares of Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Wells Fargo & Company increased their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Stifel Nicolaus increased their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, Barclays increased their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. One equities research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.80.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 996 shares of the 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 in the company, valued at $247,600. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Iron Mountain news, CAO Daniel Borges sold 996 shares of the 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 in the company, valued at $247,600. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Kidd sold 4,458 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $80.21, for a total transaction 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. Insiders sold a total of 164,124 shares of company stock worth $12,698,221 over the last quarter. 2.20% of the stock is currently owned by 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.