Cookson Peirce & Co. Inc. Sells 6,366 Shares of Iron Mountain Incorporated (NYSE:IRM)

Cookson Peirce & Co. Inc. lessened its position in Iron Mountain Incorporated (NYSE:IRM) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 398,837 shares of the financial services provider’s stock after selling 6,366 shares during the period. Iron Mountain makes up about 1.7% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 18th biggest holding. Cookson Peirce & Co. Inc. owned about 0.14% of Iron Mountain worth $27,911,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its position 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 worth $25,000 after acquiring an additional 242 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Iron Mountain in the fourth quarter valued at $26,000. Harbor Investment Advisory LLC grew its position in Iron Mountain by 92.2% in the third quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC grew its position in Iron Mountain by 6,983.3% in the third quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 419 shares in the last quarter. Finally, First Capital Advisors Group LLC. acquired a new stake in Iron Mountain in the second quarter valued at $25,000. Institutional investors own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In related news, EVP Mark Kidd sold 4,458 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $80.21, for a total transaction of $357,576.18. Following the transaction, the executive vice president now owns 62,938 shares in the company, valued at approximately $5,048,256.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Iron Mountain news, EVP Mark Kidd sold 4,458 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $80.21, for a total transaction of $357,576.18. Following the completion of the sale, the executive vice president now owns 62,938 shares in the company, valued at approximately $5,048,256.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $68.24, for a total transaction of $1,083,310.00. Following the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $20,175,156. The disclosure for this sale can be found here. Insiders have sold 148,249 shares of company stock worth $11,480,926 in the last quarter. Company insiders own 2.20% of the company’s stock.

Iron Mountain Trading Down 0.1 %

Shares of NYSE IRM traded down $0.10 during midday trading on Tuesday, reaching $74.74. The stock had a trading volume of 588,640 shares, compared to its average volume of 1,438,454. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 118.80, a price-to-earnings-growth ratio of 4.57 and a beta of 0.94. Iron Mountain Incorporated has a twelve month low of $52.05 and a twelve month 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 company’s 50 day moving average price is $76.05 and its 200 day moving average price is $68.31.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.48). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. As a group, sell-side analysts expect that Iron Mountain Incorporated will post 4.16 EPS for the current year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.48%. Iron Mountain’s payout ratio is presently 412.70%.

Analyst Ratings Changes

A number of analysts have commented on IRM shares. Barclays increased their price target 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. TheStreet lowered shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Stifel Nicolaus raised their target price 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. Finally, Wells Fargo & Company lifted their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Iron Mountain presently has an average rating of “Moderate Buy” and an average price target of $73.80.

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.