Captrust Financial Advisors Buys 47,327 Shares of Iron Mountain Incorporated (NYSE:IRM)

Captrust Financial Advisors boosted its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 5.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 951,552 shares of the financial services provider's stock after acquiring an additional 47,327 shares during the period. Captrust Financial Advisors owned 0.32% of Iron Mountain worth $113,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America purchased a new position in Iron Mountain during the 3rd quarter valued at approximately $36,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Iron Mountain by 537.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,170,550 shares of the financial services provider's stock valued at $376,756,000 after purchasing an additional 2,672,821 shares in the last quarter. Public Sector Pension Investment Board increased its position in Iron Mountain by 25.6% in the third quarter. Public Sector Pension Investment Board now owns 51,128 shares of the financial services provider's stock worth $6,076,000 after purchasing an additional 10,410 shares during the last quarter. True Vision MN LLC raised its stake in Iron Mountain by 11.9% during the third quarter. True Vision MN LLC now owns 4,546 shares of the financial services provider's stock valued at $543,000 after purchasing an additional 485 shares in the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in shares of Iron Mountain in the 3rd quarter worth $358,000. 80.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Iron Mountain from $82.00 to $121.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Barclays lowered their price objective on Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. The Goldman Sachs Group boosted their target price on Iron Mountain from $106.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Royal Bank of Canada raised their price target on Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $131.00.

Iron Mountain Trading Down 0.5 %

IRM stock traded down $0.57 during midday trading on Friday, reaching $123.67. The company's stock had a trading volume of 858,206 shares, compared to its average volume of 1,587,391. Iron Mountain Incorporated has a 1 year low of $62.95 and a 1 year high of $130.24. The firm has a market capitalization of $36.29 billion, a price-to-earnings ratio of 346.43, a PEG ratio of 7.47 and a beta of 0.99. The stock has a fifty day simple moving average of $120.42 and a two-hundred day simple moving average of $105.53. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.75 and a current ratio of 0.75.

Iron Mountain Dividend Announcement

The business also recently declared 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 2.31%. The ex-dividend date of this dividend is Monday, December 16th. Iron Mountain's dividend payout ratio is presently 794.47%.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of Iron Mountain 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 completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $35,173,480.50. The trade was a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 transaction of $989,230.00. Following the completion of the sale, the director now directly owns 14,829 shares of the company's stock, valued at approximately $1,725,799.02. This trade represents a 36.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,125 shares of company stock worth $6,613,584 in the last 90 days. 2.10% of the stock is owned by corporate insiders.

Iron Mountain 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.