Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its position in Iron Mountain Incorporated (NYSE:IRM) by 49.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,809 shares of the financial services provider’s stock after selling 3,667 shares during the quarter. Sigma Planning Corp’s holdings in Iron Mountain were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Blue Trust Inc. increased 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 acquiring an additional 242 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Iron Mountain during the fourth quarter valued at approximately $26,000. Manchester Capital Management LLC increased 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 acquiring an additional 419 shares during the period. CVA Family Office LLC acquired a new position in shares of Iron Mountain during the fourth quarter valued at approximately $32,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Iron Mountain during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $76.68, for a total value of $1,217,295.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $22,670,442. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $76.68, for a total value of $1,217,295.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $22,670,442. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Deborah Marson sold 2,000 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $78.48, for a total transaction of $156,960.00. Following the completion of the sale, the executive vice president now owns 65,286 shares of the company’s stock, valued at approximately $5,123,645.28. The disclosure for this sale can be found here. Insiders sold a total of 164,124 shares of company stock worth $12,698,221 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Iron Mountain Trading Up 0.3 %

Iron Mountain stock opened at $77.52 on Monday. The company has a 50 day moving average price of $77.46 and a 200 day moving average price of $69.42. Iron Mountain Incorporated has a 52 week low of $52.81 and a 52 week high of $82.19. The company has a debt-to-equity ratio of 55.78, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 123.05, a P/E/G ratio of 4.64 and a beta of 0.94.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 EPS 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 firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business posted $0.98 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts forecast that Iron Mountain Incorporated will post 4.18 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Thursday, March 14th. Iron Mountain’s dividend payout ratio is 412.70%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IRM. Barclays raised their price objective 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. Stifel Nicolaus raised their target price on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. TheStreet cut shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Finally, Wells Fargo & Company raised their target price on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.80.

About Iron Mountain

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.