Barclays PLC Sells 45,659 Shares of Iron Mountain Incorporated (NYSE:IRM)

Barclays PLC cut its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 591,302 shares of the financial services provider's stock after selling 45,659 shares during the period. Barclays PLC owned 0.20% of Iron Mountain worth $70,267,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IRM. OneDigital Investment Advisors LLC raised its holdings in shares of Iron Mountain by 1.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider's stock worth $711,000 after purchasing an additional 89 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Iron Mountain by 0.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider's stock valued at $1,351,000 after acquiring an additional 92 shares in the last quarter. Geller Advisors LLC increased its stake in Iron Mountain by 2.9% in the 3rd quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider's stock valued at $403,000 after buying an additional 96 shares during the period. Schmidt P J Investment Management Inc. raised its position in Iron Mountain by 3.6% during the third quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider's stock valued at $340,000 after acquiring an additional 100 shares in the last quarter. Finally, Claro Advisors LLC lifted its stake in shares of Iron Mountain by 0.6% in the 3rd quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider's stock valued at $1,986,000 after purchasing an additional 103 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IRM. Royal Bank of Canada upped their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Stifel Nicolaus raised their price target on Iron Mountain from $117.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Barclays dropped their price objective on Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Finally, BNP Paribas upgraded Iron Mountain to a "strong-buy" rating in a report on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $131.00.

Insider Transactions at Iron Mountain

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

Iron Mountain Trading Down 0.2 %

Shares of Iron Mountain stock traded down $0.17 during trading hours on Thursday, hitting $112.92. The company's stock had a trading volume of 1,194,890 shares, compared to its average volume of 1,591,858. Iron Mountain Incorporated has a 12 month low of $64.68 and a 12 month high of $130.24. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $33.14 billion, a PE ratio of 314.14, a price-to-earnings-growth ratio of 7.20 and a beta of 0.98. The stock has a 50 day moving average of $120.42 and a 200 day moving average of $108.03.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Monday, December 16th. Iron Mountain's dividend payout ratio (DPR) is presently 794.44%.

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.