Iron Mountain Inc (NYSE:IRM) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. decreased its position in Iron Mountain Inc (NYSE:IRM) by 25.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,985 shares of the financial services provider’s stock after selling 3,095 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Iron Mountain were worth $319,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Advocates Investment Management grew its stake in shares of Iron Mountain by 178.3% in the fourth quarter. Financial Advocates Investment Management now owns 835 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 535 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Iron Mountain by 3,181.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,009,734 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 978,966 shares in the last quarter. Bremer Trust National Association acquired a new position in shares of Iron Mountain in the fourth quarter worth $36,000. Executive Wealth Management LLC grew its stake in shares of Iron Mountain by 96.9% in the first quarter. Executive Wealth Management LLC now owns 1,014 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 499 shares in the last quarter. Finally, Bremer Bank National Association acquired a new position in shares of Iron Mountain in the first quarter worth $36,000. 88.07% of the stock is currently owned by institutional investors.

In related news, Director Walter C. Rakowich sold 2,024 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $31.47, for a total transaction of $63,695.28. Following the completion of the transaction, the director now owns 23,360 shares in the company, valued at $735,139.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Stuart B. Brown sold 2,200 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $31.65, for a total transaction of $69,630.00. Following the transaction, the chief financial officer now owns 18,525 shares of the company’s stock, valued at approximately $586,316.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,602 shares of company stock valued at $2,038,718. Insiders own 1.90% of the company’s stock.

IRM has been the subject of several research reports. Credit Suisse Group restated an “underperform” rating on shares of Iron Mountain in a research note on Tuesday, February 19th. Mitsubishi UFJ Financial Group boosted their price target on shares of Iron Mountain to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 20th. Zacks Investment Research downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Robert W. Baird downgraded shares of Iron Mountain from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $34.00 to $27.00 in a research note on Friday, April 26th. Finally, TheStreet downgraded shares of Iron Mountain from a “b-” rating to a “c+” rating in a research note on Tuesday, May 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $35.13.

Shares of IRM stock opened at $31.73 on Friday. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $9.10 billion, a P/E ratio of 13.80, a PEG ratio of 3.05 and a beta of 0.64. Iron Mountain Inc has a 12 month low of $30.22 and a 12 month high of $37.32.

Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.05). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. Iron Mountain had a return on equity of 19.61% and a net margin of 8.22%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, sell-side analysts anticipate that Iron Mountain Inc will post 2.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 17th will be paid a dividend of $0.611 per share. The ex-dividend date is Friday, June 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 7.70%. Iron Mountain’s payout ratio is currently 106.09%.

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Iron Mountain 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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