One Charles Private Wealth Services LLC Acquires 119 Shares of Iron Mountain Incorporated (NYSE:IRM)

One Charles Private Wealth Services LLC boosted its holdings in Iron Mountain Incorporated (NYSE:IRM) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,760 shares of the financial services provider’s stock after acquiring an additional 119 shares during the period. One Charles Private Wealth Services LLC’s holdings in Iron Mountain were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IRM. Geller Advisors LLC lifted its stake in shares of Iron Mountain by 2.9% during the 3rd quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider’s stock worth $403,000 after buying an additional 96 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Iron Mountain by 0.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 25,159 shares of the financial services provider’s stock worth $2,644,000 after acquiring an additional 100 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in shares of Iron Mountain by 3.9% during the fourth quarter. Premier Path Wealth Partners LLC now owns 2,844 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 106 shares during the period. Mather Group LLC. increased its stake in shares of Iron Mountain by 4.6% during the fourth quarter. Mather Group LLC. now owns 2,582 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 113 shares during the period. Finally, Secured Retirement Advisors LLC increased its stake in shares of Iron Mountain by 6.5% during the fourth quarter. Secured Retirement Advisors LLC now owns 1,967 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 120 shares during the period. 80.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IRM has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Iron Mountain from $125.00 to $112.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Barclays lowered their price target on shares of Iron Mountain from $130.00 to $118.00 and set an “overweight” rating on the stock in a research report on Thursday. StockNews.com downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Friday, March 14th. Wells Fargo & Company lowered their target price on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price target on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Iron Mountain currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.67.

Iron Mountain Trading Down 0.3 %

NYSE IRM opened at $88.36 on Friday. Iron Mountain Incorporated has a 1 year low of $73.53 and a 1 year high of $130.24. The firm has a market capitalization of $25.95 billion, a price-to-earnings ratio of 144.84, a P/E/G ratio of 5.15 and a beta of 1.04. The firm’s 50 day simple moving average is $97.16 and its 200 day simple moving average is $109.40.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.70). Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the business posted $0.52 EPS. On average, equities research analysts forecast that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a $0.785 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.72. Iron Mountain’s dividend payout ratio is 514.75%.

Insider Activity

In other Iron Mountain news, CEO William L. Meaney sold 69,131 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total value of $7,248,385.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William L. Meaney sold 172,552 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $91.33, for a total transaction of $15,759,174.16. Following the transaction, the chief executive officer now owns 237,402 shares of the company’s stock, valued at $21,681,924.66. This trade represents a 42.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,242 shares of company stock worth $31,530,305. Corporate insiders own 2.10% of the company’s stock.

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.