U.S. Capital Wealth Advisors LLC Lowers Holdings in Iron Mountain Incorporated (NYSE:IRM)

U.S. Capital Wealth Advisors LLC reduced its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,887 shares of the financial services provider’s stock after selling 193 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Iron Mountain were worth $2,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC grew 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 worth $25,000 after buying an additional 419 shares during the last quarter. Blue Trust Inc. raised its position in shares of Iron Mountain by 201.7% during the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Iron Mountain in the 4th quarter valued at $26,000. CVA Family Office LLC purchased a new stake in shares of Iron Mountain during the 4th quarter valued at $32,000. Finally, Muzinich & Co. Inc. purchased a new stake in Iron Mountain during the 3rd quarter worth $35,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Stock Down 2.2 %

Shares of NYSE:IRM traded down $1.68 during trading on Friday, reaching $75.32. 1,976,983 shares of the company traded hands, compared to its average volume of 1,240,763. The firm has a fifty day simple moving average of $78.13 and a 200 day simple moving average of $69.92. The firm has a market cap of $22.08 billion, a P/E ratio of 114.12, a price-to-earnings-growth ratio of 4.51 and a beta of 0.96. Iron Mountain Incorporated has a 1-year low of $52.81 and a 1-year high of $82.19. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 674.63.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.48). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a net margin of 5.45% and a return on equity of 282.93%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. Analysts anticipate that Iron Mountain Incorporated will post 4.18 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.65 per share. The ex-dividend date is Monday, June 17th. This represents a $2.60 annualized dividend and a dividend yield of 3.45%. Iron Mountain’s payout ratio is 393.95%.

Insider Transactions at Iron Mountain

In other news, EVP Edward Baker-Greene sold 4,941 shares of Iron Mountain stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.94, for a total transaction of $360,396.54. Following the sale, the executive vice president now directly owns 3,365 shares in the company, valued at approximately $245,443.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Edward Baker-Greene sold 4,941 shares of Iron Mountain stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.94, for a total transaction of $360,396.54. Following the sale, the executive vice president now directly owns 3,365 shares in the company, valued at approximately $245,443.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Daniel Borges sold 996 shares of Iron Mountain stock in a transaction dated Monday, March 4th. The shares were 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 $247,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,124 shares of company stock worth $12,563,361. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IRM. Wells Fargo & Company raised their target price on Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Stifel Nicolaus raised their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Barclays lifted their price target 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. Finally, TheStreet lowered shares of Iron Mountain from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Iron Mountain has a consensus 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.