Coppell Advisory Solutions LLC Has $1.45 Million Position in Iron Mountain Incorporated (NYSE:IRM)

Coppell Advisory Solutions LLC grew its holdings in Iron Mountain Incorporated (NYSE:IRM) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,026 shares of the financial services provider’s stock after purchasing an additional 266 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Iron Mountain were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in IRM. Merit Financial Group LLC lifted its stake in Iron Mountain by 91.5% in the fourth quarter. Merit Financial Group LLC now owns 14,933 shares of the financial services provider’s stock valued at $1,570,000 after buying an additional 7,137 shares during the period. Tidal Investments LLC lifted its position in shares of Iron Mountain by 254.1% during the 3rd quarter. Tidal Investments LLC now owns 20,536 shares of the financial services provider’s stock valued at $2,440,000 after acquiring an additional 14,737 shares during the period. Exchange Traded Concepts LLC boosted its stake in Iron Mountain by 151.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,147 shares of the financial services provider’s stock worth $961,000 after acquiring an additional 5,511 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Iron Mountain in the fourth quarter worth $102,000. Finally, Lord Abbett & CO. LLC bought a new stake in Iron Mountain in the third quarter valued at $24,122,000. Institutional investors own 80.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on IRM shares. JPMorgan Chase & Co. decreased their target price on Iron Mountain from $125.00 to $112.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company decreased their price objective on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Barclays cut their target price on Iron Mountain from $130.00 to $118.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. StockNews.com upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Finally, Truist Financial assumed coverage on shares of Iron Mountain in a research note on Tuesday, April 8th. They issued a “buy” rating and a $95.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $121.29.

Iron Mountain Price Performance

IRM opened at $83.04 on Wednesday. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $130.24. The company’s 50-day moving average is $86.62 and its 200 day moving average is $103.84. The firm has a market capitalization of $24.39 billion, a P/E ratio of 136.13, a PEG ratio of 5.15 and a beta of 0.97.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.70). Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. On average, equities research analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were paid a dividend of $0.785 per share. This is a boost from Iron Mountain’s previous quarterly dividend of $0.72. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Monday, March 17th. Iron Mountain’s dividend payout ratio is presently 514.75%.

Insider Buying and Selling

In other news, CEO William L. Meaney sold 69,125 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $86.11, for a total value of $5,952,353.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mithu Bhargava sold 1,738 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $92.84, for a total value of $161,355.92. Following the completion of the sale, the executive vice president now owns 13,054 shares in the company, valued at $1,211,933.36. This trade represents a 11.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 318,973 shares of company stock valued at $29,370,872. Company insiders own 2.10% of the company’s stock.

About Iron Mountain

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.