Iron Mountain Incorporated (NYSE:IRM) Holdings Trimmed by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 23.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 580,819 shares of the financial services provider's stock after selling 182,825 shares during the period. Rockefeller Capital Management L.P. owned 0.20% of Iron Mountain worth $68,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IRM. Ashton Thomas Securities LLC purchased a new position in Iron Mountain in the third quarter valued at approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Iron Mountain in the 2nd quarter valued at $32,000. West Branch Capital LLC purchased a new position in Iron Mountain in the third quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Iron Mountain during the second quarter worth about $36,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Iron Mountain in the third quarter worth about $36,000. Hedge funds and other institutional investors own 80.13% of the company's stock.

Iron Mountain Stock Performance

Iron Mountain stock traded down $0.57 during mid-day trading on Friday, reaching $123.67. The company's stock had a trading volume of 858,209 shares, compared to its average volume of 1,587,391. 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 twelve month low of $62.95 and a twelve month high of $130.24. The business has a 50 day moving average price of $120.59 and a 200-day moving average price of $105.84. The firm has a market cap of $36.29 billion, a price-to-earnings ratio of 343.54, a PEG ratio of 7.47 and a beta of 0.99.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be paid a $0.715 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a yield of 2.31%. Iron Mountain's payout ratio is currently 794.47%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IRM shares. Stifel Nicolaus boosted their target price 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 stock a "buy" rating in a report on Friday, August 2nd. Wells Fargo & Company increased their target price on Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Finally, Barclays reduced their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an "overweight" rating on the stock in a research note on Monday, November 18th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Iron Mountain has a consensus rating of "Buy" and a consensus price target of $131.00.

Insider Buying and Selling

In related news, Director Wendy J. Murdock sold 8,500 shares of Iron Mountain stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total transaction of $989,230.00. Following the sale, the director now directly owns 14,829 shares in the company, valued at $1,725,799.02. The trade was a 36.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the completion of the transaction, the chief executive officer now owns 295,650 shares of the company's stock, valued at $34,697,484. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,125 shares of company stock worth $6,613,584 in the last three months. 2.10% of the stock is owned by insiders.

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.