Wambolt & Associates LLC acquired a new position in Iron Mountain Incorporated (NYSE:IRM) during the first quarter, HoldingsChannel.com reports. The fund acquired 7,533 shares of the financial services provider’s stock, valued at approximately $281,000.

Several other hedge funds have also made changes to their positions in the company. Epoch Investment Partners Inc. lifted its position in shares of Iron Mountain by 9.0% in the fourth quarter. Epoch Investment Partners Inc. now owns 5,561,143 shares of the financial services provider’s stock worth $163,942,000 after purchasing an additional 457,087 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Iron Mountain by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,173,252 shares of the financial services provider’s stock worth $93,548,000 after buying an additional 23,435 shares during the last quarter. Norges Bank acquired a new position in Iron Mountain during the fourth quarter worth $86,871,000. California Public Employees Retirement System increased its holdings in Iron Mountain by 0.4% during the fourth quarter. California Public Employees Retirement System now owns 2,368,608 shares of the financial services provider’s stock worth $69,827,000 after buying an additional 9,684 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Iron Mountain by 56.7% during the fourth quarter. Morgan Stanley now owns 2,156,520 shares of the financial services provider’s stock worth $63,573,000 after buying an additional 780,108 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on IRM. Zacks Investment Research upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating and set a $37.00 target price on the stock in a report on Monday, March 1st. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $32.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, February 25th. Credit Suisse Group upped their price objective on shares of Iron Mountain from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, March 3rd. Finally, TheStreet raised shares of Iron Mountain from a “c+” rating to a “b” rating in a research report on Wednesday, February 24th.

IRM opened at $39.49 on Wednesday. The company has a 50-day simple moving average of $36.84 and a 200 day simple moving average of $31.18. Iron Mountain Incorporated has a twelve month low of $21.54 and a twelve month high of $41.32. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 9.20. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 85.85, a P/E/G ratio of 6.40 and a beta of 0.79.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Wednesday, February 24th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). Iron Mountain had a net margin of 3.19% and a return on equity of 23.61%. During the same period last year, the company posted $0.31 earnings per share. Sell-side analysts anticipate that Iron Mountain Incorporated will post 2.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 6th. Stockholders of record on Monday, March 15th were paid a $0.618 dividend. This represents a $2.47 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend was Friday, March 12th. Iron Mountain’s dividend payout ratio is currently 107.86%.

In other Iron Mountain news, COO John Tomovcsik sold 46,014 shares of the stock in a transaction that occurred on Wednesday, January 27th. The shares were sold at an average price of $39.27, for a total transaction of $1,806,969.78. Following the completion of the sale, the chief operating officer now owns 80,107 shares of the company’s stock, valued at approximately $3,145,801.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul F. Deninger sold 7,202 shares of the stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $36.45, for a total transaction of $262,512.90. Following the sale, the director now directly owns 69,803 shares of the company’s stock, valued at approximately $2,544,319.35. The disclosure for this sale can be found here. Insiders sold 81,570 shares of company stock valued at $3,025,261 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Iron Mountain Company Profile

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 90 million square feet across approximately 1,450 facilities in approximately 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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