5,903 Shares in Iron Mountain Incorporated (NYSE:IRM) Acquired by Stevens Capital Management LP

Stevens Capital Management LP purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,903 shares of the financial services provider’s stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IRM. Bank of New Hampshire raised its position in shares of Iron Mountain by 38.3% in the 4th quarter. Bank of New Hampshire now owns 795 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 220 shares in the last quarter. Bailard Inc. raised its position in shares of Iron Mountain by 5.7% in the 4th quarter. Bailard Inc. now owns 9,651 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 520 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Iron Mountain in the 4th quarter valued at approximately $105,000. Community Bank & Trust Waco Texas acquired a new position in shares of Iron Mountain in the 4th quarter valued at approximately $231,000. Finally, Lee Danner & Bass Inc. raised its position in shares of Iron Mountain by 118.8% in the 4th quarter. Lee Danner & Bass Inc. now owns 21,775 shares of the financial services provider’s stock valued at $1,524,000 after purchasing an additional 11,825 shares in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Stock Up 0.3 %

Shares of NYSE IRM traded up $0.26 during mid-day trading on Friday, reaching $77.52. 817,641 shares of the company traded hands, compared to its average volume of 1,401,344. The company has a debt-to-equity ratio of 55.78, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market cap of $22.72 billion, a PE ratio of 122.68, a price-to-earnings-growth ratio of 4.70 and a beta of 0.94. The company’s fifty day moving average is $77.27 and its two-hundred day moving average is $69.16. Iron Mountain Incorporated has a fifty-two week low of $52.81 and a fifty-two week high of $82.19.

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

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Thursday, March 14th. Iron Mountain’s dividend payout ratio (DPR) is currently 412.70%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $76.68, for a total value of $1,217,295.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $22,670,442. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $78.48, for a total value of $156,960.00. Following the completion of the sale, the executive vice president now owns 65,286 shares in the company, valued at approximately $5,123,645.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $76.68, for a total value of $1,217,295.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $22,670,442. The disclosure for this sale can be found here. Insiders have sold 164,124 shares of company stock valued at $12,698,221 in the last 90 days. 2.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

IRM has been the topic of several research reports. Wells Fargo & Company upped their price target on Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Barclays increased their price target on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Stifel Nicolaus increased their price target on Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, TheStreet cut Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

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.