Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lessened its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 11.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,575 shares of the financial services provider’s stock after selling 3,295 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Iron Mountain were worth $1,860,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC lifted its holdings in Iron Mountain by 6,983.3% during the 3rd quarter. Manchester Capital Management LLC now owns 425 shares of the financial services provider’s stock worth $25,000 after buying an additional 419 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Iron Mountain by 201.7% in 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 in the last quarter. Exchange Traded Concepts LLC purchased a new position in Iron Mountain in the fourth quarter valued at $26,000. Hanson & Doremus Investment Management acquired a new position in Iron Mountain during the 3rd quarter worth $28,000. Finally, CVA Family Office LLC purchased a new stake in Iron Mountain during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Performance

Shares of IRM opened at $75.85 on Tuesday. The company has a market capitalization of $22.17 billion, a price-to-earnings ratio of 120.40, a price-to-earnings-growth ratio of 4.51 and a beta of 0.94. Iron Mountain Incorporated has a 52-week low of $52.81 and a 52-week high of $82.19. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 55.78. The stock has a 50 day moving average price of $76.70 and a 200 day moving average price of $68.91.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.48). The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. Research analysts predict 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 was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, March 14th. Iron Mountain’s payout ratio is 412.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IRM shares. Stifel Nicolaus boosted their price objective on Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research 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. Wells Fargo & Company raised their price objective 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. Finally, Barclays lifted 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 given a buy rating to the company. According to data from MarketBeat.com, Iron Mountain has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was 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 directly owns 295,650 shares of the company’s stock, valued at approximately $22,670,442. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was 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 $22,670,442. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Deborah Marson sold 2,000 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $78.48, for a total value of $156,960.00. Following the completion of the sale, the executive vice president now directly owns 65,286 shares of the company’s stock, valued at $5,123,645.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,124 shares of company stock worth $12,698,221. Corporate insiders own 2.20% of the company’s stock.

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.