Prime Capital Investment Advisors LLC Acquires 3,641 Shares of Iron Mountain Incorporated (NYSE:IRM)

Prime Capital Investment Advisors LLC increased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 105.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,105 shares of the financial services provider’s stock after purchasing an additional 3,641 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Iron Mountain were worth $497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Investment Advisory LLC boosted its stake in shares of Iron Mountain by 92.2% during the third quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of Iron Mountain by 6,983.3% during the third quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 419 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Iron Mountain by 201.7% during the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. First Capital Advisors Group LLC. bought a new position in shares of Iron Mountain during the second quarter valued at approximately $25,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Iron Mountain during the fourth quarter valued at approximately $26,000. 80.13% of the stock is currently owned by institutional investors.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were 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 document filed with the SEC, which can be accessed through this link. In other news, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction dated Thursday, February 1st. The shares were 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 $3,238,393.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $68.24, for a total transaction of $1,083,310.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $20,175,156. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,249 shares of company stock worth $11,480,926. 2.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on IRM. TheStreet cut shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Stifel Nicolaus increased their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, Barclays increased their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. One equities 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.80.

Iron Mountain Stock Down 4.4 %

NYSE:IRM opened at $75.69 on Thursday. The firm has a market capitalization of $22.12 billion, a P/E ratio of 120.14, a PEG ratio of 4.73 and a beta of 0.94. 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 company’s fifty day moving average price is $75.64 and its 200-day moving average price is $67.92. Iron Mountain Incorporated has a 1-year low of $52.05 and a 1-year high of $82.19.

Iron Mountain (NYSE:IRM) last released its quarterly 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 firm had revenue of $1.42 billion for 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 firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. As a group, equities research analysts anticipate that Iron Mountain Incorporated will post 4.16 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.60 annualized dividend and a yield of 3.44%. Iron Mountain’s dividend payout ratio is presently 412.70%.

Iron Mountain Company 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.