Bailard Inc. Buys 520 Shares of Iron Mountain Incorporated (NYSE:IRM)

Bailard Inc. grew its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,651 shares of the financial services provider’s stock after buying an additional 520 shares during the quarter. Bailard Inc.’s holdings in Iron Mountain were worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IRM. International Assets Investment Management LLC bought a new position in Iron Mountain in the fourth quarter valued at about $16,590,000. Daiwa Securities Group Inc. boosted its holdings in shares of Iron Mountain by 60.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock worth $285,960,000 after buying an additional 1,546,592 shares during the last quarter. Handelsbanken Fonder AB grew its position in Iron Mountain by 42.3% during the fourth quarter. Handelsbanken Fonder AB now owns 162,087 shares of the financial services provider’s stock valued at $11,343,000 after buying an additional 48,170 shares during the period. Allworth Financial LP increased its holdings in Iron Mountain by 6,889.9% during the fourth quarter. Allworth Financial LP now owns 63,189 shares of the financial services provider’s stock valued at $4,422,000 after buying an additional 62,285 shares during the last quarter. Finally, Lee Danner & Bass Inc. raised its position in Iron Mountain by 118.8% in the fourth quarter. Lee Danner & Bass Inc. now owns 21,775 shares of the financial services provider’s stock worth $1,524,000 after acquiring an additional 11,825 shares during the period. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $67.43, for a total transaction of $134,860.00. Following the completion of the transaction, the executive vice president now owns 48,026 shares in the company, valued at $3,238,393.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO William L. Meaney sold 115,979 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $78.90, for a total transaction of $9,150,743.10. Following the completion of the transaction, the chief executive officer now owns 432,682 shares in the company, valued at $34,138,609.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $67.43, for a total transaction of $134,860.00. Following the transaction, the executive vice president now owns 48,026 shares of the company’s stock, valued at approximately $3,238,393.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,124 shares of company stock worth $12,698,221. 2.20% of the stock is owned by insiders.

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $77.52 on Friday. The firm has a fifty day moving average price of $77.46 and a 200-day moving average price of $69.29. The company has a debt-to-equity ratio of 55.78, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market cap of $22.72 billion, a PE ratio of 123.05, a price-to-earnings-growth ratio of 4.62 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.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.48). The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Equities 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 announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.35%. Iron Mountain’s dividend payout ratio is 412.70%.

Analyst Upgrades and Downgrades

IRM has been the topic of a number of recent research reports. Barclays raised their target price on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Stifel Nicolaus boosted 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. TheStreet lowered shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.