Iron Mountain Incorporated (NYSE:IRM) Shares Purchased by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC lifted its position in Iron Mountain Incorporated (NYSE:IRM) by 120.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,947 shares of the financial services provider’s stock after acquiring an additional 9,814 shares during the quarter. Genesee Capital Advisors LLC’s holdings in Iron Mountain were worth $1,256,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IRM. Global Retirement Partners LLC grew its position in Iron Mountain by 1.7% in the 4th quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 156 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Iron Mountain by 17.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,171 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 171 shares during the period. J.W. Cole Advisors Inc. raised its holdings in Iron Mountain by 2.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,429 shares of the financial services provider’s stock worth $382,000 after buying an additional 177 shares during the period. Koshinski Asset Management Inc. increased its position in shares of Iron Mountain by 4.6% in the third quarter. Koshinski Asset Management Inc. now owns 4,293 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 188 shares in the last quarter. Finally, Aspire Private Capital LLC lifted its position in shares of Iron Mountain by 2.1% in the 3rd quarter. Aspire Private Capital LLC now owns 9,290 shares of the financial services provider’s stock valued at $552,000 after acquiring an additional 188 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Stock Performance

Shares of NYSE IRM traded up $0.92 during trading hours on Thursday, hitting $76.61. 994,581 shares of the stock were exchanged, compared to its average volume of 1,460,010. Iron Mountain Incorporated has a one year low of $52.05 and a one year high of $82.19. The company’s 50 day moving average is $75.78 and its 200 day moving average is $67.98. 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 firm has a market capitalization of $22.39 billion, a P/E ratio of 121.61, a P/E/G ratio of 4.73 and a beta of 0.94.

Iron Mountain (NYSE:IRM) last released its quarterly 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 firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. On average, research analysts expect that Iron Mountain Incorporated will post 4.16 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.39%. Iron Mountain’s dividend payout ratio (DPR) is presently 412.70%.

Analyst Ratings Changes

IRM has been the topic of a number of research analyst reports. TheStreet downgraded Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Barclays upped their target price on Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Stifel Nicolaus raised their price target 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, Wells Fargo & Company upped their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Iron Mountain has an average rating of “Moderate Buy” and an average target price of $73.80.

Insider Activity

In other news, CEO William L. Meaney sold 115,979 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $78.90, for a total transaction of $9,150,743.10. Following the completion of the transaction, the chief executive officer now owns 432,682 shares of the company’s stock, valued at $34,138,609.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Iron Mountain news, CAO Daniel Borges sold 996 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $80.00, for a total value of $79,680.00. Following the sale, the chief accounting officer now owns 3,095 shares of the company’s stock, valued at approximately $247,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Meaney sold 115,979 shares of Iron Mountain stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $78.90, for a total transaction of $9,150,743.10. Following the sale, the chief executive officer now owns 432,682 shares in the company, valued at $34,138,609.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,249 shares of company stock valued at $11,480,926. 2.20% of the stock is owned by company insiders.

About Iron Mountain

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.