Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $1.12 Million Holdings in Iron Mountain Incorporated (NYSE:IRM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors cut its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,414 shares of the financial services provider’s stock after selling 111 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Iron Mountain were worth $1,119,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IRM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Iron Mountain during the second quarter worth approximately $32,000. West Branch Capital LLC bought a new stake in shares of Iron Mountain during the third quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Iron Mountain during the second quarter valued at approximately $36,000. Headlands Technologies LLC bought a new stake in shares of Iron Mountain during the first quarter valued at approximately $38,000. Finally, Family Firm Inc. bought a new stake in shares of Iron Mountain during the second quarter valued at approximately $45,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO John Tomovcsik sold 2,866 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $105.00, for a total transaction of $300,930.00. Following the transaction, the chief operating officer now owns 15,000 shares of the company’s stock, valued at $1,575,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Iron Mountain news, COO John Tomovcsik sold 2,866 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $105.00, for a total value of $300,930.00. Following the transaction, the chief operating officer now owns 15,000 shares of the company’s stock, valued at approximately $1,575,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Edward Baker-Greene sold 2,262 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total value of $248,254.50. Following the completion of the transaction, the executive vice president now directly owns 9,049 shares in the company, valued at $993,127.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,503 shares of company stock valued at $3,511,505 over the last 90 days. 2.10% of the stock is owned by company insiders.

Iron Mountain Price Performance

Shares of IRM stock traded up $1.51 during trading hours on Monday, hitting $129.21. 77,143 shares of the company’s stock were exchanged, compared to its average volume of 1,590,018. The stock’s 50-day moving average is $117.12 and its 200-day moving average is $98.61. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $37.90 billion, a price-to-earnings ratio of 163.72, a price-to-earnings-growth ratio of 7.42 and a beta of 1.00. Iron Mountain Incorporated has a 52 week low of $57.36 and a 52 week high of $130.24.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.59). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. Iron Mountain had a return on equity of 595.44% and a net margin of 3.94%. Iron Mountain’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, research analysts forecast that Iron Mountain Incorporated will post 4.17 EPS for the current year.

Iron Mountain Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Monday, September 16th. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.65. Iron Mountain’s dividend payout ratio is 366.67%.

Analyst Upgrades and Downgrades

IRM has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays boosted their price objective on Iron Mountain from $91.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Stifel Nicolaus boosted their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Wells Fargo & Company boosted their price objective on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group upped their price target on Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus price target of $115.50.

About Iron Mountain

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.