Clean Yield Group trimmed its holdings in shares of Iron Mountain Inc (NYSE:IRM) by 12.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,731 shares of the financial services provider’s stock after selling 700 shares during the period. Clean Yield Group’s holdings in Iron Mountain were worth $127,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of IRM. Baird Financial Group Inc. raised its position in shares of Iron Mountain by 6.3% during the first quarter. Baird Financial Group Inc. now owns 21,163 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 1,249 shares during the period. Janus Henderson Group PLC raised its position in shares of Iron Mountain by 4.0% during the first quarter. Janus Henderson Group PLC now owns 74,169 shares of the financial services provider’s stock worth $1,765,000 after purchasing an additional 2,825 shares during the period. Eaton Vance Management raised its position in Iron Mountain by 47.6% in the 1st quarter. Eaton Vance Management now owns 21,515 shares of the financial services provider’s stock valued at $512,000 after buying an additional 6,939 shares during the last quarter. Two Sigma Advisers LP raised its position in Iron Mountain by 35.8% in the 1st quarter. Two Sigma Advisers LP now owns 536,024 shares of the financial services provider’s stock valued at $12,757,000 after buying an additional 141,324 shares during the last quarter. Finally, Enterprise Financial Services Corp raised its position in Iron Mountain by 485.9% in the 1st quarter. Enterprise Financial Services Corp now owns 1,207 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,001 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

In other news, CAO Daniel Borges sold 7,405 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $29.50, for a total transaction of $218,447.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

Separately, Zacks Investment Research lowered Iron Mountain from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Monday, October 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $30.75.

Shares of Iron Mountain stock traded down $0.14 during trading hours on Friday, hitting $27.51. 1,202,744 shares of the company’s stock traded hands, compared to its average volume of 3,248,668. Iron Mountain Inc has a 12-month low of $21.00 and a 12-month high of $34.49. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 2.21 and a beta of 0.76. The company has a fifty day simple moving average of $28.50 and a 200-day simple moving average of $26.90. The company has a debt-to-equity ratio of 8.54, a current ratio of 0.80 and a quick ratio of 0.80.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.09. Iron Mountain had a return on equity of 21.19% and a net margin of 4.82%. The firm had revenue of $982.20 million during the quarter, compared to analyst estimates of $933.06 million. During the same period last year, the firm posted $0.23 EPS. The business’s revenue was down 7.9% compared to the same quarter last year. On average, analysts forecast that Iron Mountain Inc will post 2.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were given a dividend of $0.6185 per share. This represents a $2.47 annualized dividend and a dividend yield of 8.99%. The ex-dividend date was Monday, September 14th. Iron Mountain’s dividend payout ratio is presently 107.86%.

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 85 million square feet across more than 1,400 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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