BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Iron Mountain Inc (NYSE:IRM) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,117 shares of the financial services provider’s stock after acquiring an additional 15,847 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Iron Mountain were worth $2,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in shares of Iron Mountain by 124.8% in the 3rd quarter. Private Advisor Group LLC now owns 22,031 shares of the financial services provider’s stock valued at $761,000 after purchasing an additional 12,232 shares during the period. Wells Fargo & Company MN boosted its position in shares of Iron Mountain by 1.6% in the 3rd quarter. Wells Fargo & Company MN now owns 610,243 shares of the financial services provider’s stock valued at $21,067,000 after purchasing an additional 9,847 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Iron Mountain by 20.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 32,519 shares of the financial services provider’s stock valued at $1,123,000 after purchasing an additional 5,434 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Iron Mountain by 12.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 77,269 shares of the financial services provider’s stock valued at $2,667,000 after purchasing an additional 8,749 shares during the period. Finally, Dupont Capital Management Corp boosted its position in shares of Iron Mountain by 7.7% in the 3rd quarter. Dupont Capital Management Corp now owns 35,109 shares of the financial services provider’s stock valued at $1,212,000 after purchasing an additional 2,499 shares during the period. 89.41% of the stock is owned by institutional investors.

IRM has been the subject of a number of research analyst reports. Zacks Investment Research cut Iron Mountain from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Bank of America started coverage on Iron Mountain in a research note on Tuesday, November 20th. They set a “neutral” rating and a $34.00 price objective for the company. Finally, ValuEngine raised Iron Mountain from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Iron Mountain presently has a consensus rating of “Hold” and a consensus price target of $36.56.

In other news, Director Jennifer Allerton sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $33.75, for a total transaction of $101,250.00. Following the completion of the transaction, the director now directly owns 14,081 shares of the company’s stock, valued at approximately $475,233.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ernest W. Cloutier sold 21,037 shares of the stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $36.90, for a total value of $776,265.30. Following the transaction, the executive vice president now directly owns 72,411 shares of the company’s stock, valued at $2,671,965.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,161 shares of company stock valued at $1,515,798. 1.60% of the stock is owned by company insiders.

IRM opened at $34.93 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.25. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 2.79 and a beta of 0.69. Iron Mountain Inc has a 52 week low of $30.22 and a 52 week high of $37.32.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, February 14th. The financial services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.27). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Iron Mountain had a net margin of 8.60% and a return on equity of 19.30%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 earnings per share. On average, equities research analysts expect that Iron Mountain Inc will post 2.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th will be paid a dividend of $0.611 per share. This represents a $2.44 annualized dividend and a yield of 7.00%. The ex-dividend date is Thursday, March 14th. Iron Mountain’s dividend payout ratio is presently 106.09%.

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About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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