23,007 Shares in Iron Mountain Incorporated (NYSE:IRM) Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. purchased a new position in Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,007 shares of the financial services provider's stock, valued at approximately $2,734,000.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Iron Mountain during the 3rd quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Iron Mountain during the second quarter worth approximately $32,000. West Branch Capital LLC purchased a new position in Iron Mountain in the third quarter valued at approximately $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in Iron Mountain during the third quarter worth approximately $36,000. Finally, Family Firm Inc. purchased a new stake in shares of Iron Mountain during the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 80.13% of the company's stock.

Iron Mountain Price Performance

IRM stock traded down $0.50 on Thursday, reaching $118.36. 1,414,160 shares of the company's stock were exchanged, compared to its average volume of 1,590,239. Iron Mountain Incorporated has a twelve month low of $64.66 and a twelve month high of $130.24. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 674.63. The stock has a fifty day moving average of $120.66 and a 200-day moving average of $106.82. The firm has a market cap of $34.73 billion, a PE ratio of 327.97, a P/E/G ratio of 7.19 and a beta of 0.98.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Monday, December 16th. Iron Mountain's dividend payout ratio is currently 794.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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 note on Thursday, October 17th. BNP Paribas raised Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Stifel Nicolaus lifted 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. Royal Bank of Canada increased their price objective on Iron Mountain from $135.00 to $139.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Finally, Barclays reduced their price target on shares of Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a research report on Monday, November 18th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Iron Mountain presently has a consensus rating of "Buy" and an average price target of $131.00.

Insider Activity

In related news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $117.36, for a total value of $1,863,090.00. Following the sale, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at approximately $34,697,484. This represents a 5.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wendy J. Murdock sold 8,500 shares of Iron Mountain 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 transaction, the director now owns 14,829 shares of the company's stock, valued at approximately $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 three months, insiders sold 56,125 shares of company stock worth $6,613,584. Company insiders own 2.10% of the company's stock.

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.