Clarius Group LLC Invests $200,000 in Iron Mountain Incorporated (NYSE:IRM)

Clarius Group LLC bought a new stake in Iron Mountain Incorporated (NYSE:IRM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,864 shares of the financial services provider’s stock, valued at approximately $200,000.

A number of other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC lifted 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 acquiring an additional 156 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of 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 worth $82,000 after buying an additional 171 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of 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. raised its stake in shares of Iron Mountain by 4.6% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,293 shares of the financial services provider’s stock worth $255,000 after buying an additional 188 shares during the period. Finally, Aspire Private Capital LLC raised its stake in shares of Iron Mountain by 2.1% during the 3rd quarter. Aspire Private Capital LLC now owns 9,290 shares of the financial services provider’s stock worth $552,000 after buying an additional 188 shares during the period. Hedge funds and other 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 business’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 transaction of $134,860.00. Following the completion of the sale, the executive vice president now owns 48,026 shares in the company, valued at $3,238,393.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Daniel Borges sold 996 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $80.00, for a total transaction of $79,680.00. Following the transaction, the chief accounting officer now owns 3,095 shares of the company’s stock, valued at $247,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deborah Marson sold 2,000 shares of the company’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 transaction, the executive vice president now directly 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 90 days, insiders have sold 148,249 shares of company stock valued at $11,480,926. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Iron Mountain Stock Performance

NYSE IRM opened at $74.84 on Tuesday. The stock has a market cap of $21.87 billion, a PE ratio of 118.80, a P/E/G ratio of 4.57 and a beta of 0.94. 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 Incorporated has a twelve month low of $52.05 and a twelve month high of $82.19. The stock has a fifty day simple moving average of $76.05 and a 200-day simple moving average of $68.31.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share 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 quarter in the prior year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Iron Mountain Incorporated will post 4.16 earnings per share for the current year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, March 14th. Iron Mountain’s dividend payout ratio is currently 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.