B. Metzler seel. Sohn & Co. AG Grows Holdings in Iron Mountain Incorporated (NYSE:IRM)

B. Metzler seel. Sohn & Co. AG grew its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,698 shares of the financial services provider’s stock after buying an additional 1,651 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Iron Mountain were worth $2,594,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC lifted its stake in Iron Mountain by 72.9% during the third quarter. Townsquare Capital LLC now owns 10,129 shares of the financial services provider’s stock worth $1,204,000 after purchasing an additional 4,271 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in Iron Mountain in the third quarter worth approximately $358,000. Bamco Inc. NY bought a new position in Iron Mountain during the third quarter valued at approximately $18,908,000. Benjamin Edwards Inc. purchased a new position in shares of Iron Mountain during the third quarter worth approximately $2,734,000. Finally, Hilltop Holdings Inc. lifted its holdings in shares of Iron Mountain by 18.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 7,296 shares of the financial services provider’s stock worth $867,000 after acquiring an additional 1,134 shares during the last quarter. 80.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $86.93 on Wednesday. The stock’s 50-day moving average is $94.03 and its 200 day moving average is $107.88. The company has a market cap of $25.53 billion, a PE ratio of 142.50, a P/E/G ratio of 5.15 and a beta of 1.04. 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 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 for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the firm posted $0.52 earnings per share. Analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.

Iron Mountain Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a dividend of $0.785 per share. The ex-dividend date is Monday, March 17th. This represents a $3.14 annualized dividend and a dividend yield of 3.61%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.72. Iron Mountain’s payout ratio is currently 514.75%.

Insider Buying and Selling

In other Iron Mountain news, CAO Daniel Borges sold 6,433 shares of the stock in a transaction on Monday, March 3rd. The stock was 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 approximately $26,737.92. This represents a 95.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mithu Bhargava sold 1,738 shares of the firm’s stock in a transaction on 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 directly owns 13,054 shares of the company’s stock, valued at $1,211,933.36. This represents a 11.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 318,979 shares of company stock valued at $30,666,904 over the last three months. 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.