Iron Mountain Incorporated (NYSE:IRM) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 99.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,689 shares of the financial services provider's stock after selling 444,955 shares during the period. International Assets Investment Management LLC's holdings in Iron Mountain were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IRM. PNC Financial Services Group Inc. boosted its holdings in Iron Mountain by 2.8% in the third quarter. PNC Financial Services Group Inc. now owns 53,877 shares of the financial services provider's stock valued at $6,402,000 after purchasing an additional 1,446 shares during the last quarter. Friedenthal Financial purchased a new stake in Iron Mountain during the 3rd quarter valued at about $824,000. Tidal Investments LLC lifted its position in Iron Mountain by 254.1% during the third quarter. Tidal Investments LLC now owns 20,536 shares of the financial services provider's stock worth $2,440,000 after buying an additional 14,737 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Iron Mountain in the third quarter valued at about $24,122,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Iron Mountain during the 3rd quarter valued at approximately $554,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO William L. Meaney sold 15,872 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William L. Meaney sold 15,875 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $118.97, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,016 shares of company stock valued at $13,666,427. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

IRM has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their target price on Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Barclays reduced their price target on Iron Mountain from $133.00 to $131.00 and set an "overweight" rating on the stock in a research report on Monday, November 18th. BNP Paribas raised Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped their target price 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. Finally, Royal Bank of Canada raised their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Iron Mountain presently has an average rating of "Buy" and a consensus price target of $131.00.

Iron Mountain Stock Performance

Shares of NYSE IRM traded down $1.64 during trading hours on Friday, reaching $101.21. The stock had a trading volume of 1,717,749 shares, compared to its average volume of 2,155,973. The firm has a 50-day moving average of $112.71 and a 200-day moving average of $111.31. The firm has a market cap of $29.70 billion, a price-to-earnings ratio of 281.15, a PEG ratio of 6.70 and a beta of 1.02. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a fifty-two week low of $64.68 and a fifty-two week high of $130.24.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a $0.715 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.83%. Iron Mountain's dividend payout ratio (DPR) is currently 794.44%.

Iron Mountain Company 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.