Disciplined Equity Management Inc. Trims Position in Iron Mountain Incorporated (NYSE:IRM)

Disciplined Equity Management Inc. reduced its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,055 shares of the financial services provider’s stock after selling 550 shares during the quarter. Iron Mountain accounts for approximately 1.9% of Disciplined Equity Management Inc.’s portfolio, making the stock its 6th largest holding. Disciplined Equity Management Inc.’s holdings in Iron Mountain were worth $2,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bailard Inc. grew its stake in shares of Iron Mountain by 5.7% during the fourth quarter. Bailard Inc. now owns 9,651 shares of the financial services provider’s stock valued at $675,000 after buying an additional 520 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Iron Mountain during the fourth quarter valued at about $105,000. Community Bank & Trust Waco Texas bought a new stake in shares of Iron Mountain in the fourth quarter worth about $231,000. Lee Danner & Bass Inc. grew its stake in shares of Iron Mountain by 118.8% in the fourth quarter. Lee Danner & Bass Inc. now owns 21,775 shares of the financial services provider’s stock worth $1,524,000 after purchasing an additional 11,825 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new stake in shares of Iron Mountain in the fourth quarter worth about $283,000. 80.13% of the stock is owned by institutional investors.

Iron Mountain Trading Up 2.1 %

IRM stock traded up $1.59 during mid-day trading on Wednesday, reaching $78.19. The company had a trading volume of 1,095,405 shares, compared to its average volume of 1,412,232. The company has a debt-to-equity ratio of 55.78, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $22.92 billion, a PE ratio of 124.11, a price-to-earnings-growth ratio of 4.56 and a beta of 0.94. The firm has a 50 day moving average of $77.10 and a 200 day moving average of $69.11. Iron Mountain Incorporated has a 12 month low of $52.81 and a 12 month high of $82.19.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.48). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. On average, equities analysts predict that Iron Mountain Incorporated will post 4.16 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were paid a $0.65 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.33%. Iron Mountain’s payout ratio is currently 412.70%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Barclays raised their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Stifel Nicolaus raised their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, TheStreet lowered shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus price target of $73.80.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $68.24, for a total transaction of $1,083,310.00. Following the sale, the chief executive officer now owns 295,650 shares in the company, valued at $20,175,156. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $67.43, for a total value of $134,860.00. Following the sale, the executive vice president now owns 48,026 shares in the company, valued at $3,238,393.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $68.24, for a total transaction of $1,083,310.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $20,175,156. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,124 shares of company stock worth $12,698,221. 2.20% of the stock is owned by company insiders.

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.