2,602 Shares in Iron Mountain Incorporated $IRM Bought by Retireful LLC

Retireful LLC bought a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,602 shares of the financial services provider’s stock, valued at approximately $267,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. TD Private Client Wealth LLC boosted its stake in Iron Mountain by 14.5% during the second quarter. TD Private Client Wealth LLC now owns 6,869 shares of the financial services provider’s stock worth $705,000 after acquiring an additional 869 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Iron Mountain by 0.6% during the second quarter. Public Employees Retirement System of Ohio now owns 92,597 shares of the financial services provider’s stock worth $9,498,000 after acquiring an additional 588 shares in the last quarter. Ballentine Partners LLC boosted its stake in Iron Mountain by 27.9% during the second quarter. Ballentine Partners LLC now owns 6,889 shares of the financial services provider’s stock worth $707,000 after acquiring an additional 1,501 shares in the last quarter. Fifth Third Bancorp boosted its stake in Iron Mountain by 2.4% during the second quarter. Fifth Third Bancorp now owns 21,090 shares of the financial services provider’s stock worth $2,163,000 after acquiring an additional 499 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in Iron Mountain by 25.0% during the second quarter. SJS Investment Consulting Inc. now owns 2,000 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 400 shares in the last quarter. 80.13% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $89.56, for a total transaction of $6,190,835.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $91.05, for a total transaction of $546,300.00. Following the transaction, the executive vice president directly owned 79,081 shares in the company, valued at $7,200,325.05. The trade was a 7.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 236,709 shares of company stock valued at $22,555,809 over the last ninety days. Company insiders own 1.90% of the company’s stock.

Iron Mountain Price Performance

IRM opened at $101.35 on Thursday. The company’s 50-day moving average is $95.31 and its 200 day moving average is $94.04. Iron Mountain Incorporated has a fifty-two week low of $72.33 and a fifty-two week high of $130.24. The firm has a market capitalization of $29.93 billion, a P/E ratio of 723.98 and a beta of 1.08.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.05. Iron Mountain had a net margin of 0.66% and a negative return on equity of 146.80%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm earned $1.08 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. On average, equities research analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 15th will be given a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is presently 2,242.86%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IRM shares. Barclays raised their price objective on shares of Iron Mountain from $121.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Jefferies Financial Group started coverage on shares of Iron Mountain in a research note on Monday. They issued a “buy” rating and a $120.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Iron Mountain from $112.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $116.83.

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.