Disciplined Equity Management Inc. Has $2.80 Million Position in Iron Mountain Incorporated (NYSE:IRM)

Disciplined Equity Management Inc. decreased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,055 shares of the financial services provider’s stock after selling 550 shares during the period. Iron Mountain comprises about 1.9% of Disciplined Equity Management Inc.’s portfolio, making the stock its 6th largest holding. Disciplined Equity Management Inc.’s holdings in Iron Mountain were worth $2,803,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings 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 $26,000. Manchester Capital Management LLC boosted its holdings 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 $32,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Iron Mountain during the third quarter valued at $28,000. Institutional investors own 80.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IRM shares. Stifel Nicolaus boosted their price target on shares of Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. TheStreet downgraded shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Wells Fargo & Company upped their price objective 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. Finally, Barclays upped their price objective 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.80.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 996 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $80.00, for a total value of $79,680.00. Following the completion of the sale, the chief accounting officer now directly owns 3,095 shares of the company’s stock, valued at approximately $247,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Iron Mountain news, CAO Daniel Borges sold 996 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $80.00, for a total transaction of $79,680.00. Following the sale, the chief accounting officer now owns 3,095 shares in the company, valued at approximately $247,600. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was 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 approximately $3,238,393.18. The disclosure for this sale can be found here. In the last three months, insiders sold 164,124 shares of company stock valued at $12,698,221. 2.20% of the stock is owned by insiders.

Iron Mountain Price Performance

IRM stock traded up $1.59 during trading on Wednesday, hitting $78.19. The company had a trading volume of 1,095,405 shares, compared to its average volume of 1,412,232. The firm has a market capitalization of $22.92 billion, a price-to-earnings ratio of 124.11, a P/E/G ratio of 4.56 and a beta of 0.94. The business has a 50 day moving average of $77.10 and a 200 day moving average of $69.11. Iron Mountain Incorporated has a fifty-two week low of $52.81 and a fifty-two week high of $82.19. 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 (NYSE:IRM) last issued 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 net margin of 5.44% and a return on equity of 178.02%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company posted $0.98 earnings per share. Iron Mountain’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts predict that Iron Mountain Incorporated will post 4.16 earnings per share for the current year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, March 14th. Iron Mountain’s payout ratio is 412.70%.

Iron Mountain 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.