Outlook Wealth Advisors LLC Sells 128 Shares of Iron Mountain Incorporated (NYSE:IRM)

Outlook Wealth Advisors LLC decreased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 1.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,281 shares of the financial services provider’s stock after selling 128 shares during the period. Outlook Wealth Advisors LLC’s holdings in Iron Mountain were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of IRM. Wealthfront Advisers LLC grew its holdings in Iron Mountain by 9,843.3% in the fourth quarter. Wealthfront Advisers LLC now owns 6,864,832 shares of the financial services provider’s stock worth $721,562,000 after purchasing an additional 6,795,792 shares during the last quarter. Norges Bank acquired a new position in Iron Mountain during the fourth quarter valued at $348,249,000. Northern Trust Corp lifted its position in Iron Mountain by 56.1% during the fourth quarter. Northern Trust Corp now owns 4,326,476 shares of the financial services provider’s stock valued at $454,756,000 after purchasing an additional 1,554,746 shares during the period. TD Asset Management Inc. raised its position in shares of Iron Mountain by 125.4% in the fourth quarter. TD Asset Management Inc. now owns 1,952,432 shares of the financial services provider’s stock worth $205,220,000 after acquiring an additional 1,086,308 shares during the period. Finally, Point72 Asset Management L.P. raised its position in shares of Iron Mountain by 439.8% in the fourth quarter. Point72 Asset Management L.P. now owns 1,200,660 shares of the financial services provider’s stock worth $126,201,000 after acquiring an additional 978,251 shares during the period. Institutional investors own 80.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IRM shares. Truist Financial started coverage on shares of Iron Mountain in a research note on Tuesday, April 8th. They set a “buy” rating and a $95.00 price objective for the company. Barclays upped their price objective on shares of Iron Mountain from $118.00 to $121.00 and gave the stock an “overweight” rating in a report on Tuesday, May 27th. Wall Street Zen upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a report on Friday, April 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Iron Mountain from $125.00 to $112.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. One investment 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 stock. Based on data from MarketBeat.com, Iron Mountain has a consensus rating of “Buy” and an average target price of $121.71.

Iron Mountain Trading Up 1.0%

Shares of IRM opened at $102.27 on Monday. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $130.24. The firm’s fifty day simple moving average is $91.33 and its 200-day simple moving average is $97.99. The firm has a market capitalization of $30.17 billion, a price-to-earnings ratio of 167.66, a PEG ratio of 5.15 and a beta of 1.09.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, May 1st. The financial services provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.01. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. On average, analysts predict that Iron Mountain Incorporated will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 16th will be given a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Monday, June 16th. Iron Mountain’s dividend payout ratio (DPR) is 765.85%.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $96.09, for a total transaction of $6,642,221.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Greg W. Mcintosh sold 8,398 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.14, for a total transaction of $807,383.72. Following the transaction, the executive vice president now directly owns 70,114 shares in the company, valued at $6,740,759.96. The trade was a 10.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 216,673 shares of company stock valued at $20,319,408. Insiders own 1.90% of the company’s stock.

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.