Ellsworth Advisors LLC Has $1.63 Million Holdings in Iron Mountain Incorporated (NYSE:IRM)

Ellsworth Advisors LLC lifted its holdings in Iron Mountain Incorporated (NYSE:IRM) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,303 shares of the financial services provider’s stock after acquiring an additional 518 shares during the quarter. Ellsworth Advisors LLC’s holdings in Iron Mountain were worth $1,631,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Investment Advisory LLC boosted its holdings in shares of Iron Mountain by 92.2% in the 3rd quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC raised its position in Iron Mountain by 6,983.3% in the 3rd quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 419 shares during the last quarter. First Capital Advisors Group LLC. bought a new position in Iron Mountain in the 2nd quarter worth approximately $25,000. Exchange Traded Concepts LLC bought a new position in Iron Mountain in the 4th quarter worth approximately $26,000. Finally, Compass Wealth Management LLC bought a new position in Iron Mountain in the 4th quarter worth approximately $26,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on IRM shares. Wells Fargo & Company boosted their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. TheStreet cut shares of Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Stifel Nicolaus boosted their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, Barclays boosted their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.80.

Iron Mountain Trading Up 0.1 %

Shares of Iron Mountain stock traded up $0.07 on Friday, hitting $80.21. 1,345,292 shares of the company’s stock traded hands, compared to its average volume of 1,721,447. The firm’s 50-day moving average price is $73.63 and its two-hundred day moving average price is $66.90. The stock has a market capitalization of $23.44 billion, a PE ratio of 127.32, a price-to-earnings-growth ratio of 4.82 and a beta of 0.94. Iron Mountain Incorporated has a one year low of $50.49 and a one year high of $82.19. The company has a debt-to-equity ratio of 55.78, a current ratio of 0.78 and a quick ratio of 0.78.

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

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Friday, March 15th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, March 14th. Iron Mountain’s dividend payout ratio is currently 412.70%.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 115,979 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $78.90, for a total value of $9,150,743.10. Following the completion of the sale, the chief executive officer now owns 432,682 shares in the company, valued at approximately $34,138,609.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO William L. Meaney sold 115,979 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $78.90, for a total value of $9,150,743.10. Following the completion of the sale, the chief executive officer now owns 432,682 shares in the company, valued at approximately $34,138,609.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the chief accounting officer now directly owns 3,095 shares of the company’s stock, valued at $247,600. The disclosure for this sale can be found here. Insiders sold a total of 171,983 shares of company stock worth $13,030,171 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work.