Foresight Capital Management Advisors Inc. Lowers Stake in Iron Mountain Incorporated (NYSE:IRM)

Foresight Capital Management Advisors Inc. cut its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,303 shares of the financial services provider's stock after selling 7,746 shares during the period. Iron Mountain accounts for 5.4% of Foresight Capital Management Advisors Inc.'s portfolio, making the stock its 3rd biggest position. Foresight Capital Management Advisors Inc.'s holdings in Iron Mountain were worth $9,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OneDigital Investment Advisors LLC boosted its position in shares of Iron Mountain by 1.5% during the third quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider's stock valued at $711,000 after purchasing an additional 89 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Iron Mountain by 0.8% during the third quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider's stock valued at $1,351,000 after buying an additional 92 shares during the period. Geller Advisors LLC boosted its holdings in shares of Iron Mountain by 2.9% during the 3rd quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider's stock valued at $403,000 after buying an additional 96 shares in the last quarter. Schmidt P J Investment Management Inc. grew its position in shares of Iron Mountain by 3.6% in the 3rd quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider's stock worth $340,000 after buying an additional 100 shares during the period. Finally, Claro Advisors LLC increased its stake in shares of Iron Mountain by 0.6% in the 3rd quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider's stock worth $1,986,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 80.13% of the company's stock.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $117.96, for a total value of $1,872,615.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares of the company's stock, valued at approximately $34,874,874. The trade was a 5.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $104.49, for a total value of $863,400.87. Following the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at $1,364,012.46. The trade was a 38.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,016 shares of company stock valued at $13,666,427. 2.10% of the stock is owned by insiders.

Iron Mountain Stock Up 3.8 %

Shares of Iron Mountain stock traded up $3.99 on Thursday, reaching $110.17. The company's stock had a trading volume of 1,832,214 shares, compared to its average volume of 1,970,270. Iron Mountain Incorporated has a 52 week low of $64.68 and a 52 week high of $130.24. The firm's fifty day simple moving average is $111.70 and its two-hundred day simple moving average is $111.46. The company has a market capitalization of $32.33 billion, a price-to-earnings ratio of 306.02, a P/E/G ratio of 5.56 and a beta of 1.02.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were issued a $0.715 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.86 annualized dividend and a yield of 2.60%. Iron Mountain's payout ratio is 794.47%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IRM shares. Wells Fargo & Company boosted their price objective 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. 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. BNP Paribas upgraded Iron Mountain to a "strong-buy" rating in a research note on Wednesday, November 6th. Stifel Nicolaus increased their target price on Iron Mountain from $117.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Finally, Barclays lowered their price target on Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a research report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $131.00.

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.