Iron Mountain Incorporated (NYSE:IRM) Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 17.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,801 shares of the financial services provider’s stock after purchasing an additional 1,184 shares during the quarter. V Square Quantitative Management LLC’s holdings in Iron Mountain were worth $626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chesley Taft & Associates LLC boosted its position in Iron Mountain by 1.0% in the 1st quarter. Chesley Taft & Associates LLC now owns 14,650 shares of the financial services provider’s stock valued at $1,175,000 after buying an additional 150 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in 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 valued at $612,000 after purchasing an additional 156 shares during the last quarter. Strategic Blueprint LLC grew its stake in Iron Mountain by 4.4% during the 1st quarter. Strategic Blueprint LLC now owns 3,786 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 161 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Iron Mountain by 17.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,171 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 171 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in Iron Mountain by 4.0% during the 4th quarter. Federated Hermes Inc. now owns 4,599 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. 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 research report on Tuesday, January 23rd. TheStreet downgraded shares of Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Barclays upped their target price on shares of Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Finally, Wells Fargo & Company lifted their price target on Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Iron Mountain currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Edward Baker-Greene sold 4,941 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.94, for a total value of $360,396.54. Following the transaction, the executive vice president now owns 3,365 shares in the company, valued at $245,443.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Iron Mountain news, EVP Edward Baker-Greene sold 4,941 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.94, for a total value of $360,396.54. Following the completion of the sale, the executive vice president now directly owns 3,365 shares of the company’s stock, valued at $245,443.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 115,979 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $78.90, for a total transaction of $9,150,743.10. Following the transaction, the chief executive officer now owns 432,682 shares in the company, valued at approximately $34,138,609.80. The disclosure for this sale can be found here. Insiders sold 153,296 shares of company stock valued at $12,023,923 in the last quarter. Company insiders own 2.10% of the company’s stock.

Iron Mountain Trading Down 2.2 %

Shares of Iron Mountain stock traded down $1.84 during trading on Wednesday, hitting $81.01. The stock had a trading volume of 1,243,222 shares, compared to its average volume of 1,400,980. Iron Mountain Incorporated has a 1 year low of $52.81 and a 1 year high of $83.00. The stock has a 50 day simple moving average of $78.46 and a 200 day simple moving average of $71.82. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63. The company has a market capitalization of $23.75 billion, a PE ratio of 122.74, a P/E/G ratio of 4.91 and a beta of 0.96.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.48). The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Iron Mountain had a return on equity of 282.93% and a net margin of 5.45%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. On average, research analysts expect that Iron Mountain Incorporated will post 4.18 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be given a $0.65 dividend. The ex-dividend date is Monday, June 17th. This represents a $2.60 dividend on an annualized basis and a yield of 3.21%. Iron Mountain’s payout ratio is 393.95%.

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.