Valued Retirements Inc. Makes New $618,000 Investment in Iron Mountain Incorporated (NYSE:IRM)

Valued Retirements Inc. bought a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,198 shares of the financial services provider's stock, valued at approximately $618,000. Iron Mountain comprises approximately 0.9% of Valued Retirements Inc.'s holdings, making the stock its 29th largest position.

A number of other institutional investors have also added to or reduced their stakes in IRM. Ashton Thomas Securities LLC bought a new position in shares of Iron Mountain in the third quarter worth about $31,000. West Branch Capital LLC acquired a new stake in shares of Iron Mountain during the 3rd quarter worth approximately $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Iron Mountain during the 3rd quarter worth approximately $36,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Iron Mountain during the 2nd quarter worth approximately $32,000. Finally, Dunhill Financial LLC lifted its holdings in shares of Iron Mountain by 50.5% in the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider's stock worth $54,000 after purchasing an additional 152 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IRM has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price objective on Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Stifel Nicolaus boosted their price objective on Iron Mountain from $117.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Barclays dropped their target price on Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a research report on Monday, November 18th. Finally, BNP Paribas upgraded Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $131.00.

Insider Activity

In other news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $118.97, for a total value of $1,888,648.75. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at approximately $35,173,480.50. This represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wendy J. Murdock sold 8,500 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total value of $989,230.00. Following the completion of the sale, the director now owns 14,829 shares in the company, valued at $1,725,799.02. The trade was a 36.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,125 shares of company stock valued at $6,613,584. 2.10% of the stock is currently owned by insiders.

Iron Mountain Price Performance

IRM traded down $1.64 on Tuesday, hitting $112.70. 718,235 shares of the company's stock traded hands, compared to its average volume of 1,586,159. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a one year low of $64.68 and a one year high of $130.24. The company's 50 day simple moving average is $120.67 and its 200-day simple moving average is $107.77. The firm has a market cap of $33.07 billion, a price-to-earnings ratio of 317.64, a P/E/G ratio of 7.20 and a beta of 0.98.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Monday, December 16th. Iron Mountain's dividend payout ratio is currently 794.44%.

Iron Mountain Company Profile

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.