Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Lessened by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 58.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,718 shares of the financial services provider's stock after selling 32,961 shares during the period. Edgestream Partners L.P.'s holdings in Iron Mountain were worth $2,818,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Legal & General Group Plc boosted its holdings in Iron Mountain by 49.2% in the second quarter. Legal & General Group Plc now owns 3,899,276 shares of the financial services provider's stock valued at $349,453,000 after acquiring an additional 1,286,694 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Iron Mountain by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,386,315 shares of the financial services provider's stock valued at $402,396,000 after purchasing an additional 141,675 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Iron Mountain by 537.0% during 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 worth $376,756,000 after purchasing an additional 2,672,821 shares in the last quarter. AGF Management Ltd. grew its stake in shares of Iron Mountain by 76.3% in the second quarter. AGF Management Ltd. now owns 2,245,393 shares of the financial services provider's stock valued at $201,232,000 after buying an additional 972,101 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Iron Mountain by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,126,237 shares of the financial services provider's stock worth $190,553,000 after acquiring an additional 6,562 shares during the period. Hedge funds and other institutional investors own 80.13% of the company's stock.

Insider Buying and Selling

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

Iron Mountain Price Performance

NYSE IRM traded down $2.08 on Monday, reaching $121.59. 1,899,353 shares of the stock traded hands, compared to its average volume of 1,588,773. The firm's fifty day simple moving average is $120.59 and its 200 day simple moving average is $106.19. The company has a market cap of $35.68 billion, a price-to-earnings ratio of 343.53, a P/E/G ratio of 7.44 and a beta of 0.99. Iron Mountain Incorporated has a 12 month low of $64.66 and a 12 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.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Monday, December 16th. Iron Mountain's dividend payout ratio is presently 794.44%.

Analyst Ratings Changes

Several research firms recently commented on IRM. Wells Fargo & Company boosted their price target on Iron Mountain from $120.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Barclays lowered 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. Stifel Nicolaus lifted their price objective on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Royal Bank of Canada boosted 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. Finally, BNP Paribas upgraded shares of Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. 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 MarketBeat, 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.