Crossmark Global Holdings Inc. Decreases Stake in Iron Mountain Incorporated (NYSE:IRM)

Crossmark Global Holdings Inc. cut its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,267 shares of the financial services provider's stock after selling 8,093 shares during the period. Crossmark Global Holdings Inc.'s holdings in Iron Mountain were worth $6,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its position in shares of Iron Mountain by 69.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 25,552 shares of the financial services provider's stock valued at $2,050,000 after acquiring an additional 10,461 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Iron Mountain during the 1st quarter valued at $224,000. Meeder Advisory Services Inc. purchased a new position in shares of Iron Mountain during the 1st quarter valued at $215,000. Headlands Technologies LLC purchased a new position in shares of Iron Mountain during the 1st quarter valued at $38,000. Finally, QRG Capital Management Inc. lifted its stake in shares of Iron Mountain by 5.2% during the 1st quarter. QRG Capital Management Inc. now owns 178,153 shares of the financial services provider's stock valued at $14,290,000 after buying an additional 8,814 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Iron Mountain

In other news, EVP Edward Baker-Greene sold 2,262 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total value of $248,254.50. Following the completion of the sale, the executive vice president now owns 9,049 shares of the company's stock, valued at approximately $993,127.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO John Tomovcsik sold 1,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $110.00, for a total transaction of $110,000.00. Following the completion of the sale, the chief operating officer now owns 14,000 shares of the company's stock, valued at $1,540,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Edward Baker-Greene sold 2,262 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were 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 $993,127.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,637 shares of company stock valued at $3,210,575. Company insiders own 2.10% of the company's stock.

Iron Mountain Trading Down 1.9 %

IRM stock traded down $2.27 during mid-day trading on Monday, reaching $117.44. The company had a trading volume of 1,392,433 shares, compared to its average volume of 1,608,232. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.79. The company has a market capitalization of $34.46 billion, a PE ratio of 326.23, a price-to-earnings-growth ratio of 7.17 and a beta of 0.99. The firm has a 50 day moving average of $119.29 and a 200 day moving average of $102.21. Iron Mountain Incorporated has a 12 month low of $58.55 and a 12 month high of $130.24.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a $0.715 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.44%. Iron Mountain's payout ratio is presently 794.47%.

Analyst Upgrades and Downgrades

Several brokerages have commented on IRM. Wells Fargo & Company boosted 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 upgraded shares of Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Stifel Nicolaus upped their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Barclays upped their price target on shares of Iron Mountain from $91.00 to $133.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped 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. Five investment 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, the stock has an average rating of "Buy" and an average price target of $129.80.

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.