Blair William & Co. IL Has $35.16 Million Holdings in Iron Mountain Incorporated (NYSE:IRM)

Blair William & Co. IL lifted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334,522 shares of the financial services provider’s stock after buying an additional 578 shares during the period. Blair William & Co. IL owned about 0.11% of Iron Mountain worth $35,162,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IRM. IMG Wealth Management Inc. acquired a new position in shares of Iron Mountain during the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Iron Mountain in the 4th quarter valued at about $26,000. Key Financial Inc grew its position in shares of Iron Mountain by 25,100.0% in the fourth quarter. Key Financial Inc now owns 252 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 251 shares during the last quarter. Teachers Insurance & Annuity Association of America bought a new position in Iron Mountain during the 3rd quarter worth $36,000. Finally, Dunhill Financial LLC increased its position in Iron Mountain by 50.5% during the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 152 shares during the period. Institutional investors own 80.13% of the company’s stock.

Wall Street Analysts Forecast Growth

IRM has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. StockNews.com raised Iron Mountain from a “sell” rating to a “hold” rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. decreased their price target on shares of Iron Mountain from $125.00 to $112.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, Barclays lowered their price target on shares of Iron Mountain from $130.00 to $118.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Iron Mountain has a consensus rating of “Buy” and a consensus target price of $125.67.

Iron Mountain Trading Down 1.7 %

Shares of IRM stock opened at $85.54 on Friday. The stock has a market cap of $25.13 billion, a price-to-earnings ratio of 140.23, a PEG ratio of 5.15 and a beta of 1.04. The stock has a 50-day moving average of $95.45 and a 200-day moving average of $108.57. Iron Mountain Incorporated has a 1-year low of $73.53 and a 1-year high of $130.24.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.70). Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the business posted $0.52 earnings per share. Sell-side 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a $0.785 dividend. This is an increase from Iron Mountain’s previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a yield of 3.67%. The ex-dividend date is Monday, March 17th. Iron Mountain’s payout ratio is 514.75%.

Insider Activity

In related news, EVP Mithu Bhargava sold 1,738 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $161,355.92. Following the transaction, the executive vice president now owns 13,054 shares of the company’s stock, valued at approximately $1,211,933.36. This trade represents a 11.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Daniel Borges sold 6,433 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $597,239.72. Following the completion of the transaction, the chief accounting officer now owns 288 shares in the company, valued at $26,737.92. This represents a 95.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 318,979 shares of company stock worth $30,666,904. Company insiders own 2.10% of the company’s stock.

About Iron Mountain

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.