Roman Butler Fullerton & Co. Has $1.07 Million Position in Iron Mountain Incorporated (NYSE:IRM)

Roman Butler Fullerton & Co. lowered its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.8% during the first quarter, HoldingsChannel reports. The fund owned 12,861 shares of the financial services provider’s stock after selling 789 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Iron Mountain were worth $1,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IRM. Cornerstone Wealth Management LLC raised its holdings in Iron Mountain by 7.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,407 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 288 shares during the last quarter. Clarius Group LLC boosted its holdings in Iron Mountain by 82.3% in the first quarter. Clarius Group LLC now owns 3,595 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 1,623 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Iron Mountain in the 1st quarter worth $285,000. CHB Investment Group LLC grew its holdings in shares of Iron Mountain by 1.2% during the first quarter. CHB Investment Group LLC now owns 29,175 shares of the financial services provider’s stock valued at $2,510,000 after buying an additional 357 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake in Iron Mountain by 25.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 3,075 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 619 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $102.82 on Wednesday. Iron Mountain Incorporated has a one year low of $72.33 and a one year high of $130.24. The company’s fifty day moving average price is $94.29 and its 200-day moving average price is $97.14. The firm has a market capitalization of $30.34 billion, a price-to-earnings ratio of 250.78 and a beta of 1.09.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.01. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.59 billion. Iron Mountain had a negative return on equity of 201.62% and a net margin of 1.97%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. As a group, equities research analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th will be paid a $0.785 dividend. This represents a $3.14 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Monday, June 16th. Iron Mountain’s dividend payout ratio is currently 765.85%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 69,125 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $86.11, for a total transaction of $5,952,353.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Walter C. Rakowich sold 900 shares of Iron Mountain stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $99.97, for a total value of $89,973.00. Following the completion of the transaction, the director now owns 36,515 shares in the company, valued at approximately $3,650,404.55. This represents a 2.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 216,673 shares of company stock worth $20,319,408 over the last ninety days. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Truist Financial started coverage on shares of Iron Mountain in a report on Tuesday, April 8th. They set a “buy” rating and a $95.00 price objective on the stock. Wall Street Zen raised Iron Mountain from a “sell” rating to a “hold” rating in a research report on Friday, April 18th. Barclays upped their price target on shares of Iron Mountain from $118.00 to $121.00 and gave the company an “overweight” rating in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. cut their target price on Iron Mountain from $125.00 to $112.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $121.71.

Iron Mountain Company 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.