55,728 Shares in Iron Mountain Incorporated (NYSE:IRM) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 55,728 shares of the financial services provider’s stock, valued at approximately $5,858,000.

Several other hedge funds also recently modified their holdings of IRM. Cerity Partners LLC boosted its holdings in Iron Mountain by 47.4% during the third quarter. Cerity Partners LLC now owns 29,362 shares of the financial services provider’s stock worth $3,489,000 after buying an additional 9,442 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Iron Mountain by 29.8% in the 3rd quarter. Larson Financial Group LLC now owns 557 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 128 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Iron Mountain during the third quarter worth $271,000. Loomis Sayles & Co. L P lifted its holdings in shares of Iron Mountain by 3,253.8% during the third quarter. Loomis Sayles & Co. L P now owns 872 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 846 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Iron Mountain by 2.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 209,648 shares of the financial services provider’s stock valued at $24,912,000 after purchasing an additional 4,150 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 6,433 shares of Iron Mountain stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total transaction of $597,239.72. Following the sale, the chief accounting officer now owns 288 shares in the company, valued at $26,737.92. The trade was a 95.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mithu Bhargava sold 1,738 shares of Iron Mountain stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.84, for a total transaction of $161,355.92. Following the sale, the executive vice president now owns 13,054 shares in the company, valued at approximately $1,211,933.36. This trade represents a 11.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 318,979 shares of company stock worth $30,666,904. 2.10% of the stock is currently owned by company insiders.

Iron Mountain Stock Performance

Shares of NYSE:IRM opened at $85.07 on Friday. Iron Mountain Incorporated has a 52-week low of $73.53 and a 52-week high of $130.24. The company has a market cap of $24.99 billion, a P/E ratio of 139.46, a P/E/G ratio of 5.15 and a beta of 1.04. The stock’s 50-day moving average is $94.97 and its 200-day moving average is $108.39.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.50 EPS 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 in the prior year, the firm earned $0.52 earnings per share. As a group, equities analysts predict that Iron Mountain Incorporated will post 4.54 EPS 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 given a $0.785 dividend. This represents a $3.14 annualized dividend and a yield of 3.69%. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 17th. Iron Mountain’s dividend payout ratio (DPR) is currently 514.75%.

Analyst Ratings Changes

Several research firms have issued reports on IRM. StockNews.com upgraded Iron Mountain from a “sell” rating to a “hold” rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. cut 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. Barclays lowered their price objective 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. Finally, Wells Fargo & Company reduced their target price on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Iron Mountain has a consensus rating of “Buy” and a consensus price target of $125.67.

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.