Gables Capital Management Inc. Has $1.68 Million Holdings in Iron Mountain Incorporated (NYSE:IRM)

Gables Capital Management Inc. trimmed its holdings in shares of Iron Mountain Incorporated (NYSE:IRMFree Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,985 shares of the financial services provider’s stock after selling 175 shares during the quarter. Iron Mountain comprises about 1.0% of Gables Capital Management Inc.’s investment portfolio, making the stock its 25th largest holding. Gables Capital Management Inc.’s holdings in Iron Mountain were worth $1,678,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG increased its position in shares of Iron Mountain by 0.7% in the third quarter. Deutsche Bank AG now owns 4,571,545 shares of the financial services provider’s stock worth $271,778,000 after purchasing an additional 29,683 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Iron Mountain by 60.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock valued at $285,960,000 after buying an additional 1,546,592 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Iron Mountain by 1.2% during the 3rd quarter. Northern Trust Corp now owns 3,913,828 shares of the financial services provider’s stock worth $232,677,000 after acquiring an additional 47,902 shares during the period. Invesco Ltd. boosted its position in shares of Iron Mountain by 49.7% during the 3rd quarter. Invesco Ltd. now owns 3,243,435 shares of the financial services provider’s stock worth $192,822,000 after acquiring an additional 1,077,339 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Iron Mountain by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,157,681 shares of the financial services provider’s stock valued at $220,975,000 after purchasing an additional 81,741 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Trading Up 2.2 %

Shares of IRM stock traded up $1.81 during mid-day trading on Wednesday, reaching $82.34. 1,058,641 shares of the stock traded hands, compared to its average volume of 1,408,781. The stock’s fifty day simple moving average is $78.31 and its two-hundred day simple moving average is $70.96. Iron Mountain Incorporated has a 1-year low of $52.81 and a 1-year high of $82.49. 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 cap of $24.14 billion, a price-to-earnings ratio of 123.47, a price-to-earnings-growth ratio of 4.69 and a beta of 0.96.

Iron Mountain (NYSE:IRMGet Free Report) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.48). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a return on equity of 282.93% and a net margin of 5.45%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, research analysts anticipate 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 issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Monday, June 17th. Iron Mountain’s payout ratio is presently 393.95%.

Analyst Ratings Changes

IRM has been the topic of a number of research analyst reports. Stifel Nicolaus raised their target price on Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Wells Fargo & Company lifted their target price 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 target price 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. Finally, TheStreet lowered shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

Read Our Latest Stock Analysis on IRM

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 115,979 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $34,138,609.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO William L. Meaney sold 115,979 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $78.90, for a total value of $9,150,743.10. Following the transaction, the chief executive officer now directly owns 432,682 shares of the company’s stock, valued at approximately $34,138,609.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wendy J. Murdock sold 3,547 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $77.60, for a total value of $275,247.20. Following the sale, the director now directly owns 20,944 shares of the company’s stock, valued at approximately $1,625,254.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,296 shares of company stock worth $12,023,923. Insiders own 2.10% of the company’s stock.

Iron Mountain Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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