Iron Mountain Incorporated (NYSE:IRM) Shares Sold by First National Trust Co

First National Trust Co trimmed its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 8.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 68,637 shares of the financial services provider's stock after selling 6,142 shares during the period. First National Trust Co's holdings in Iron Mountain were worth $8,156,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Centersquare Investment Management LLC increased its position in Iron Mountain by 7,892.6% during the first quarter. Centersquare Investment Management LLC now owns 1,538,486 shares of the financial services provider's stock worth $119,263,000 after buying an additional 1,519,237 shares during the period. Legal & General Group Plc lifted its position in Iron Mountain by 49.2% during the 2nd quarter. Legal & General Group Plc now owns 3,899,276 shares of the financial services provider's stock worth $349,453,000 after acquiring an additional 1,286,694 shares during the period. AGF Management Ltd. grew its stake in shares of Iron Mountain by 76.3% in the 2nd quarter. AGF Management Ltd. now owns 2,245,393 shares of the financial services provider's stock valued at $201,232,000 after purchasing an additional 972,101 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Iron Mountain by 12,953.4% in the third quarter. International Assets Investment Management LLC now owns 448,644 shares of the financial services provider's stock valued at $53,312,000 after purchasing an additional 445,207 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its holdings in shares of Iron Mountain by 45.0% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,298,330 shares of the financial services provider's stock worth $116,356,000 after purchasing an additional 402,625 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Edward Baker-Greene sold 2,262 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total transaction of $248,254.50. Following the sale, the executive vice president now owns 9,049 shares in the company, valued at $993,127.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Edward Baker-Greene sold 2,262 shares of the business'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 directly owns 9,049 shares in the company, valued at approximately $993,127.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $34,697,484. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,637 shares of company stock worth $3,210,575. 2.10% of the stock is owned by insiders.

Iron Mountain Price Performance

Shares of NYSE IRM traded down $1.35 during trading on Tuesday, reaching $116.09. The company had a trading volume of 380,260 shares, compared to its average volume of 1,602,634. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 674.63. The stock has a market capitalization of $34.07 billion, a PE ratio of 322.37, a price-to-earnings-growth ratio of 7.17 and a beta of 0.99. Iron Mountain Incorporated has a twelve month low of $58.55 and a twelve month high of $130.24. The stock has a 50-day moving average price of $119.29 and a two-hundred day moving average price of $102.21.

Iron Mountain Dividend Announcement

The company also recently disclosed 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 dividend yield of 2.46%. The ex-dividend date is Monday, December 16th. Iron Mountain's payout ratio is 794.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. The Goldman Sachs Group lifted their price objective on Iron Mountain from $106.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their price target on Iron Mountain from $120.00 to $135.00 and gave the company 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Iron Mountain from $82.00 to $121.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $129.80.

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.