Lee Danner & Bass Inc. Has $1.52 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Lee Danner & Bass Inc. grew its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 118.8% during the 4th quarter, Holdings Channel reports. The firm owned 21,775 shares of the financial services provider’s stock after buying an additional 11,825 shares during the period. Lee Danner & Bass Inc.’s holdings in Iron Mountain were worth $1,524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Deutsche Bank AG raised its position in Iron Mountain by 0.7% during the third quarter. Deutsche Bank AG now owns 4,571,545 shares of the financial services provider’s stock worth $271,778,000 after acquiring an additional 29,683 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Iron Mountain by 60.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock worth $285,960,000 after purchasing an additional 1,546,592 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Iron Mountain by 1.2% in the 3rd quarter. Northern Trust Corp now owns 3,913,828 shares of the financial services provider’s stock valued at $232,677,000 after purchasing an additional 47,902 shares during the period. Invesco Ltd. lifted its stake in Iron Mountain by 49.7% in the 3rd quarter. Invesco Ltd. now owns 3,243,435 shares of the financial services provider’s stock valued at $192,822,000 after purchasing an additional 1,077,339 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Iron Mountain by 315.2% during the third quarter. Wellington Management Group LLP now owns 3,012,260 shares of the financial services provider’s stock worth $179,079,000 after purchasing an additional 2,286,711 shares during the period. Institutional investors own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

In related news, EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $67.43, for a total value of $134,860.00. Following the completion of the sale, the executive vice president now directly owns 48,026 shares in the company, valued at $3,238,393.18. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $68.24, for a total value of $1,083,310.00. Following the completion of the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $20,175,156. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Deborah Marson sold 2,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $67.43, for a total transaction of $134,860.00. Following the sale, the executive vice president now owns 48,026 shares in the company, valued at $3,238,393.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,124 shares of company stock valued at $12,698,221. 2.20% of the stock is currently owned by company insiders.

Iron Mountain Stock Performance

NYSE:IRM opened at $75.85 on Tuesday. The stock has a 50 day simple moving average of $76.70 and a 200 day simple moving average of $68.91. The stock has a market cap of $22.17 billion, a P/E ratio of 120.40, a PEG ratio of 4.51 and a beta of 0.94. Iron Mountain Incorporated has a 1-year low of $52.81 and a 1-year 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 posted its 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 return on equity of 178.02% and a net margin of 5.44%. The firm had revenue of $1.42 billion for 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 firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that Iron Mountain Incorporated will post 4.16 earnings per share for the current year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.43%. Iron Mountain’s payout ratio is presently 412.70%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Stifel Nicolaus upped their price objective on Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Wells Fargo & Company increased their price target on Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a research note 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. Finally, Barclays increased their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

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.