Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp increased its position in Iron Mountain Incorporated (NYSE:IRM) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 118,012 shares of the financial services provider’s stock after purchasing an additional 1,112 shares during the period. Mackenzie Financial Corp’s holdings in Iron Mountain were worth $8,258,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Iron Mountain by 5.3% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 11,293 shares of the financial services provider’s stock valued at $790,000 after acquiring an additional 568 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Iron Mountain by 1.3% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 963,359 shares of the financial services provider’s stock valued at $67,416,000 after acquiring an additional 12,656 shares during the period. Louisiana State Employees Retirement System acquired a new position in Iron Mountain in the fourth quarter valued at approximately $1,239,000. Aquila Investment Management LLC acquired a new position in Iron Mountain in the fourth quarter valued at approximately $700,000. Finally, Simplicity Solutions LLC boosted its stake in Iron Mountain by 9.3% in the fourth quarter. Simplicity Solutions LLC now owns 16,185 shares of the financial services provider’s stock valued at $1,133,000 after acquiring an additional 1,379 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IRM. TheStreet downgraded Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. Stifel Nicolaus lifted their price target 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 price target on Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, Barclays lifted their price target on Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.80.

Insider Buying and Selling

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 sale, the executive vice president now owns 48,026 shares of the company’s stock, valued at $3,238,393.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 sale, the executive vice president now owns 48,026 shares of the company’s stock, valued at $3,238,393.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $68.24, for a total value of $1,083,310.00. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $20,175,156. The disclosure for this sale can be found here. Insiders have sold a total of 164,124 shares of company stock valued at $12,698,221 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Iron Mountain Stock Performance

IRM opened at $75.10 on Friday. The business’s 50 day moving average is $76.56 and its 200-day moving average is $68.62. The stock has a market cap of $21.95 billion, a PE ratio of 119.21, a price-to-earnings-growth ratio of 4.52 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 $52.81 and a twelve month high of $82.19.

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

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.60 annualized dividend and a yield of 3.46%. Iron Mountain’s payout ratio is 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.