American Assets Capital Advisers LLC Sells 67,216 Shares of Iron Mountain Incorporated (NYSE:IRM)

American Assets Capital Advisers LLC trimmed its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 92.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,318 shares of the financial services provider's stock after selling 67,216 shares during the quarter. American Assets Capital Advisers LLC's holdings in Iron Mountain were worth $632,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Savvy Advisors Inc. bought a new stake in Iron Mountain during the 3rd quarter worth approximately $209,000. Ashton Thomas Private Wealth LLC boosted its position in Iron Mountain by 40.2% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,270 shares of the financial services provider's stock worth $270,000 after acquiring an additional 651 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Iron Mountain by 66.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 73,691 shares of the financial services provider's stock worth $8,757,000 after acquiring an additional 29,321 shares during the last quarter. WealthPLAN Partners LLC acquired a new position in Iron Mountain during the 3rd quarter worth approximately $213,000. Finally, Entropy Technologies LP boosted its position in Iron Mountain by 270.9% during the 3rd quarter. Entropy Technologies LP now owns 28,542 shares of the financial services provider's stock worth $3,392,000 after acquiring an additional 20,846 shares during the last quarter. 80.13% of the stock is owned by institutional investors.

Iron Mountain Stock Performance

IRM stock traded down $2.94 during trading hours on Tuesday, hitting $114.50. 1,724,573 shares of the stock were exchanged, compared to its average volume of 1,608,818. The company has a 50-day simple moving average of $119.29 and a two-hundred day simple moving average of $102.21. The firm has a market capitalization of $33.60 billion, a P/E ratio of 322.37, a P/E/G ratio of 7.17 and a beta of 0.99. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a 12 month low of $58.55 and a 12 month high of $130.24.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Monday, December 16th. Iron Mountain's dividend payout ratio (DPR) is presently 794.47%.

Analyst Ratings Changes

A number of equities analysts have weighed in on IRM shares. BNP Paribas raised Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Stifel Nicolaus increased their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a report on Monday, September 23rd. JPMorgan Chase & Co. increased their price objective on Iron Mountain from $82.00 to $121.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. The Goldman Sachs Group increased their price objective on Iron Mountain from $106.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Finally, Barclays increased their price objective on Iron Mountain from $91.00 to $133.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $129.80.

Insider Activity

In other news, EVP Edward Baker-Greene sold 2,262 shares of Iron Mountain stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total transaction of $248,254.50. Following the sale, the executive vice president now directly owns 9,049 shares of the company's stock, valued at approximately $993,127.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $117.96, for a total value of $1,872,615.00. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at $34,874,874. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Edward Baker-Greene sold 2,262 shares of Iron Mountain stock in a transaction that occurred on Tuesday, August 20th. The stock was 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 approximately $993,127.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,387 shares of company stock valued at $6,971,838. 2.10% of the stock is currently owned by corporate insiders.

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.