Iron Mountain Incorporated

New York Stock Exchange
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Slightly Bullish +25

D.A. Davidson & CO. Increases Position in Iron Mountain Incorporated ...

AI-generated analysis

📈 D.A. Davidson & CO. raised its Iron Mountain holdings by 17.9% in Q1, adding 5,832 shares to reach a total value of $3.93 million.

🏦 Beaird Harris Wealth Management LLC increased its stake by 17,500%, while several other firms established new positions totaling over $124,000 in the last quarter.

💰 Iron Mountain paid a quarterly dividend of $0.864 per share on July 6th, offering a 2.8% annualized yield to shareholders.

📉 Insider selling activity was significant in May, with Director Pamela Arway and CAO Daniel Borges collectively offloading shares worth over $1.1 million.

📊 Total insider sales reached 137,260 shares valued at $17.36 million over the last ninety days under pre-arranged trading plans.

🎯 Analyst consensus is 'Moderate Buy' with a target price of $134.33, though ratings vary from 'buy' to 'hold' among major firms.

📈 Wall Street Zen upgraded the stock to 'buy', and Wells Fargo raised its price objective to $135 with an 'overweight' rating.

📉 Zacks Research improved its rating from 'strong sell' to 'hold', while Weiss Ratings downgraded the stock slightly within the hold category.

💸 The company trades at a high valuation with a P/E ratio of 135.96 and a dividend payout ratio of 380.22%.

📉 Institutional ownership stands at 80.13%, indicating strong interest from hedge funds and other large investors.

Bullish Signals
  • D.A. Davidson & CO. increased its position by 17.9% in Q1, signaling institutional confidence in the company's long-term prospects.
  • Beaird Harris Wealth Management LLC significantly boosted its holdings by 17,500%, adding 350 shares to its portfolio.
  • Multiple new institutional investors entered positions in Q3 and Q4, including Garton & Associates, Johnson Financial Group, Bayban, and DV Equities.
  • Wall Street Zen upgraded Iron Mountain from a 'hold' to a 'buy' rating on July 4th.
  • Wells Fargo raised its price objective from $125.00 to $135.00 and assigned an 'overweight' rating.
  • Truist Financial set a bullish price target of $140.00 for the stock.
  • Zacks Research upgraded the stock from a 'strong sell' to a 'hold' rating on May 12th.
  • The company maintains a consistent dividend payment history with a recent payout of $0.864 per share.
Risk Factors
  • Insiders sold a substantial amount of stock in the last ninety days, totaling 137,260 shares worth $17.36 million.
  • The dividend payout ratio is extremely high at 380.22%, suggesting the dividend may not be sustainable from current earnings.
  • The price-to-earnings ratio is very elevated at 135.96, indicating a potentially expensive valuation relative to earnings.
  • Weiss Ratings downgraded the stock from 'hold (c+)' to 'hold (c)', reflecting some analyst caution.
  • Zacks Research previously held a 'strong sell' rating before upgrading to 'hold', indicating recent negative sentiment.
Full Analysis
D.A. Davidson & CO. increased its position in Iron Mountain Incorporated (NYSE:IRM) by 17.9% during the first quarter, purchasing an additional 5,832 shares to hold a total of 38,481 shares valued at $3.93 million according to recent SEC filings. Several other institutional investors also adjusted their stakes, with Beaird Harris Wealth Management LLC significantly boosting its holdings by 17,500% and multiple smaller firms like Garton & Associates and Johnson Financial Group establishing new positions ranging from $25,000 to $34,000. The article details recent insider activity where Director Pamela M. Arway sold 1,892 shares for approximately $244,000 and CAO Daniel Borges sold 7,189 shares for roughly $902,000 in May transactions executed under pre-arranged Rule 10b5-1 trading plans. Collectively, insiders have sold over 137,000 shares worth more than $17 million in the last ninety days, while hedge funds and institutional investors currently own 80.13% of the company's outstanding stock. Analyst sentiment remains mixed with a consensus rating of 'Moderate Buy' and a target price of $134.33. Recent actions include Wall Street Zen upgrading the stock to a 'buy' rating, Wells Fargo raising its price objective to $135 with an 'overweight' rating, and Truist Financial setting a $140 price target. Conversely, Zacks Research upgraded from 'strong sell' to 'hold', while Weiss Ratings downgraded the stock slightly within the hold category. Iron Mountain recently paid a quarterly dividend of $0.864 per share on July 6th, resulting in an annualized yield of 2.8%. However, the company's financial metrics show a high price-to-earnings ratio of 135.96 and a dividend payout ratio of 380.22%, indicating that the current dividend is being funded from reserves or debt rather than current earnings. The stock trades at $123.73 with a market capitalization of $36.81 billion.