Diversified Trust Co Has $1.45 Million Stock Position in Iron Mountain Incorporated (NYSE:IRM)

Diversified Trust Co increased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 148.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,168 shares of the financial services provider’s stock after acquiring an additional 7,270 shares during the quarter. Diversified Trust Co’s holdings in Iron Mountain were worth $1,446,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Elo Mutual Pension Insurance Co boosted its stake in shares of Iron Mountain by 4.3% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 25,481 shares of the financial services provider’s stock valued at $1,783,000 after buying an additional 1,048 shares during the period. XML Financial LLC acquired a new stake in Iron Mountain during the fourth quarter valued at $215,000. Nomura Holdings Inc. purchased a new position in Iron Mountain in the fourth quarter valued at about $3,626,000. Power Corp of Canada acquired a new position in Iron Mountain in the 4th quarter worth about $239,000. Finally, Cohen & Steers Inc. raised its stake in shares of Iron Mountain by 202.1% during the 4th quarter. Cohen & Steers Inc. now owns 22,475,614 shares of the financial services provider’s stock worth $1,572,936,000 after purchasing an additional 15,035,937 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Wendy J. Murdock sold 8,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total transaction of $989,230.00. Following the completion of the transaction, the director now directly owns 14,829 shares in the company, valued at $1,725,799.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Wendy J. Murdock sold 8,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total transaction of $989,230.00. Following the transaction, the director now directly owns 14,829 shares in the company, valued at $1,725,799.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO John Tomovcsik sold 1,000 shares of the company’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 completion of the transaction, the chief operating officer now directly owns 14,000 shares of the company’s stock, valued at approximately $1,540,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,128 shares of company stock valued at $1,898,415. 2.10% of the stock is owned by company insiders.

Iron Mountain Price Performance

NYSE IRM opened at $118.84 on Wednesday. The company has a market cap of $34.84 billion, a P/E ratio of 180.06, a P/E/G ratio of 7.09 and a beta of 1.00. Iron Mountain Incorporated has a 1 year low of $57.36 and a 1 year high of $120.54. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 674.63. The company has a fifty day simple moving average of $112.92 and a 200 day simple moving average of $94.54.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.59). Iron Mountain had a net margin of 3.94% and a return on equity of 595.44%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, sell-side analysts predict that Iron Mountain Incorporated will post 4.17 EPS for the current year.

Iron Mountain Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th were issued a dividend of $0.715 per share. The ex-dividend date was Monday, September 16th. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.65. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.41%. Iron Mountain’s payout ratio is 433.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on IRM shares. JPMorgan Chase & Co. increased their price objective on Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their price target on shares of Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus upped their price objective on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Wells Fargo & Company raised their target price on Iron Mountain from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $106.00.

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.