Atlas Capital Advisors LLC Sells 1,251 Shares of Iron Mountain Incorporated (NYSE:IRM)

Atlas Capital Advisors LLC trimmed its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 14.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,275 shares of the financial services provider’s stock after selling 1,251 shares during the period. Atlas Capital Advisors LLC’s holdings in Iron Mountain were worth $652,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Iron Mountain in the 2nd quarter valued at approximately $32,000. Transcendent Capital Group LLC acquired a new stake in Iron Mountain in the 4th quarter valued at $36,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Iron Mountain in the 2nd quarter valued at $36,000. Heritage Wealth Advisors purchased a new position in Iron Mountain during the 4th quarter worth $38,000. Finally, Headlands Technologies LLC purchased a new position in Iron Mountain during the 1st quarter worth $38,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IRM shares. Stifel Nicolaus lifted their target price on Iron Mountain from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Wells Fargo & Company boosted their price objective on Iron Mountain from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group boosted their price objective on Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their target price on Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.83.

Iron Mountain Stock Up 1.1 %

IRM stock opened at $113.27 on Friday. Iron Mountain Incorporated has a twelve month low of $56.51 and a twelve month high of $114.93. The company has a quick ratio of 0.86, a current ratio of 0.79 and a debt-to-equity ratio of 674.63. The stock has a market cap of $33.20 billion, a P/E ratio of 171.62, a PEG ratio of 6.49 and a beta of 0.98. The business’s 50-day moving average price is $101.52 and its 200-day moving average price is $86.82.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.59). Iron Mountain had a net margin of 3.94% and a return on equity of 595.44%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities research analysts forecast that Iron Mountain Incorporated will post 4.22 EPS for the current year.

Iron Mountain Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 16th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Monday, September 16th. This is a boost from Iron Mountain’s previous quarterly dividend of $0.65. This represents a $2.86 dividend on an annualized basis and a yield of 2.52%. Iron Mountain’s payout ratio is currently 433.33%.

Insider Buying and Selling

In related news, EVP Edward Baker-Greene sold 2,262 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total value of $248,254.50. Following the transaction, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at approximately $993,127.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Edward Baker-Greene sold 2,262 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total transaction of $248,254.50. Following the transaction, the executive vice president now owns 9,049 shares of the company’s stock, valued at approximately $993,127.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO John Tomovcsik sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $110.00, for a total value of $110,000.00. Following the transaction, the chief operating officer now directly owns 14,000 shares in the company, valued at approximately $1,540,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,634 shares of company stock valued at $8,874,690. 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.