Iron Mountain Incorporated (NYSE:IRM) Holdings Raised by CWA Asset Management Group LLC

CWA Asset Management Group LLC raised its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 572.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,568 shares of the financial services provider's stock after acquiring an additional 11,549 shares during the period. CWA Asset Management Group LLC's holdings in Iron Mountain were worth $1,426,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Iron Mountain in the third quarter valued at $31,000. West Branch Capital LLC acquired a new position in shares of Iron Mountain during the 3rd quarter valued at about $33,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Iron Mountain during the 3rd quarter worth about $36,000. Dunhill Financial LLC boosted its position in shares of Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider's stock worth $54,000 after acquiring an additional 152 shares during the last quarter. Finally, Quarry LP grew its holdings in Iron Mountain by 86.5% in the third quarter. Quarry LP now owns 496 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 80.13% of the company's stock.

Iron Mountain Stock Down 2.6 %

Shares of IRM stock traded down $2.70 during trading hours on Tuesday, reaching $100.73. The company had a trading volume of 2,586,155 shares, compared to its average volume of 2,319,812. The company has a market capitalization of $29.56 billion, a P/E ratio of 279.81, a price-to-earnings-growth ratio of 6.70 and a beta of 1.02. 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 Incorporated has a twelve month low of $64.68 and a twelve month high of $130.24. The stock's fifty day simple moving average is $114.56 and its 200 day simple moving average is $110.94.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.84%. Iron Mountain's dividend payout ratio is currently 794.44%.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now owns 295,650 shares in the company, valued at $35,173,480.50. The trade was a 5.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William L. Meaney sold 69,131 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total value of $7,248,385.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,016 shares of company stock valued at $13,666,427. Corporate insiders own 2.10% of the company's stock.

Analyst Ratings Changes

IRM has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Barclays reduced their target price on Iron Mountain from $133.00 to $131.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. Royal Bank of Canada upped their price target on Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $131.00.

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.