Stevens Capital Management LP Invests $413,000 in Iron Mountain Incorporated (NYSE:IRM)

Stevens Capital Management LP acquired a new position in Iron Mountain Incorporated (NYSE:IRM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,903 shares of the financial services provider’s stock, valued at approximately $413,000.

A number of other hedge funds have also recently made changes to their positions in IRM. Global Retirement Partners LLC lifted its position in shares of Iron Mountain by 1.7% in the fourth quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock worth $612,000 after buying an additional 156 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Iron Mountain by 17.1% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,171 shares of the financial services provider’s stock worth $82,000 after buying an additional 171 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Iron Mountain by 2.8% in the third 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 in the last quarter. Federated Hermes Inc. lifted its position in shares of Iron Mountain by 4.0% in the fourth quarter. Federated Hermes Inc. now owns 4,599 shares of the financial services provider’s stock worth $322,000 after buying an additional 179 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its position in Iron Mountain by 4.6% during the third quarter. Koshinski Asset Management Inc. now owns 4,293 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 188 shares during the period. Institutional investors own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

In related news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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 approximately $3,238,393.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah Marson sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was 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 approximately $3,238,393.18. The disclosure for this sale can be found here. In the last three months, insiders sold 164,124 shares of company stock valued at $12,698,221. Corporate insiders own 2.20% of the company’s stock.

Iron Mountain Stock Up 0.3 %

NYSE:IRM traded up $0.26 during midday trading on Friday, reaching $77.52. The company had a trading volume of 817,641 shares, compared to its average volume of 1,401,344. The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 122.68, a PEG ratio of 4.70 and a beta of 0.94. The stock’s fifty day simple moving average is $77.27 and its 200-day simple moving average is $69.16. Iron Mountain Incorporated has a 12-month low of $52.81 and a 12-month high of $82.19. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 55.78.

Iron Mountain (NYSE:IRM) last announced 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). Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts anticipate that Iron Mountain Incorporated will post 4.16 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.35%. The ex-dividend date was Thursday, March 14th. Iron Mountain’s dividend payout ratio (DPR) is presently 412.70%.

Analyst Upgrades and Downgrades

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

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.