Comprehensive Money Management Services LLC Has $1.51 Million Holdings in Iron Mountain Incorporated $IRM

Comprehensive Money Management Services LLC raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,725 shares of the financial services provider’s stock after purchasing an additional 447 shares during the period. Iron Mountain accounts for approximately 1.1% of Comprehensive Money Management Services LLC’s holdings, making the stock its 18th biggest holding. Comprehensive Money Management Services LLC’s holdings in Iron Mountain were worth $1,510,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Financial Network Wealth Advisors LLC acquired a new stake in shares of Iron Mountain in the 1st quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new stake in shares of Iron Mountain in the 1st quarter valued at approximately $30,000. Ramirez Asset Management Inc. acquired a new stake in shares of Iron Mountain in the 1st quarter valued at approximately $34,000. Wayfinding Financial LLC acquired a new stake in shares of Iron Mountain in the 1st quarter valued at approximately $37,000. Finally, Richards Merrill & Peterson Inc. acquired a new stake in shares of Iron Mountain in the 1st quarter valued at approximately $43,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IRM has been the topic of a number of analyst reports. Barclays increased their price target on shares of Iron Mountain from $121.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Iron Mountain from $112.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Finally, Jefferies Financial Group assumed coverage on shares of Iron Mountain in a report on Monday, September 22nd. They set a “buy” rating and a $120.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $116.83.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 69,125 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $94.55, for a total transaction of $6,535,768.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 of the company’s stock, valued at $7,200,325.05. This represents a 7.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 213,375 shares of company stock valued at $20,347,156 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Iron Mountain Stock Performance

Shares of IRM stock opened at $101.98 on Friday. The company has a market capitalization of $30.12 billion, a P/E ratio of 728.48 and a beta of 1.06. The company’s 50 day moving average price is $96.49 and its two-hundred day moving average price is $95.38. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $130.24.

Iron Mountain (NYSE:IRM) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $1.19 by $0.05. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.68 billion. Iron Mountain had a net margin of 0.66% and a negative return on equity of 146.80%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. Analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Monday, September 15th were paid a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 2,242.86%.

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.