Cwm LLC boosted its position in Iron Mountain Incorporated (NYSE:IRM – Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,758 shares of the financial services provider’s stock after purchasing an additional 896 shares during the period. Cwm LLC’s holdings in Iron Mountain were worth $473,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG increased its stake in Iron Mountain by 0.7% in the 3rd quarter. Deutsche Bank AG now owns 4,571,545 shares of the financial services provider’s stock valued at $271,778,000 after purchasing an additional 29,683 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Iron Mountain by 60.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock valued at $285,960,000 after purchasing an additional 1,546,592 shares in the last quarter. Northern Trust Corp increased its position 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. Invesco Ltd. increased its position in Iron Mountain by 49.7% during the third quarter. Invesco Ltd. now owns 3,243,435 shares of the financial services provider’s stock worth $192,822,000 after buying an additional 1,077,339 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Iron Mountain by 315.2% during the third quarter. Wellington Management Group LLP now owns 3,012,260 shares of the financial services provider’s stock worth $179,079,000 after buying an additional 2,286,711 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Iron Mountain
In related news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on 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 in the company, valued at $20,175,156. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on 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 in the company, valued at $20,175,156. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $78.70, for a total value of $157,400.00. Following the completion of the transaction, the executive vice president now owns 67,286 shares in the company, valued at approximately $5,295,408.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,124 shares of company stock worth $12,563,361. 2.10% of the stock is owned by insiders.
Analyst Ratings Changes
View Our Latest Stock Analysis on IRM
Iron Mountain Price Performance
IRM stock opened at $78.07 on Thursday. Iron Mountain Incorporated has a 52-week low of $52.81 and a 52-week high of $82.19. The stock’s fifty day simple moving average is $77.84 and its 200-day simple moving average is $69.66. 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 capitalization of $22.88 billion, a price-to-earnings ratio of 123.54, a price-to-earnings-growth ratio of 4.67 and a beta of 0.94.
Iron Mountain (NYSE:IRM – Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $0.98 EPS. Iron Mountain’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts expect that Iron Mountain Incorporated will post 4.18 EPS for the current year.
Iron Mountain Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Thursday, March 14th. Iron Mountain’s dividend payout ratio (DPR) is 412.70%.
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.
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