Iron Mountain Incorporated (NYSE:IRM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 34.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,761 shares of the financial services provider's stock after selling 14,143 shares during the period. D.A. Davidson & CO.'s holdings in Iron Mountain were worth $3,180,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IRM. Legal & General Group Plc raised its position in Iron Mountain by 49.2% during the second 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 last quarter. AGF Management Ltd. raised its position in shares of Iron Mountain by 76.3% during the 2nd quarter. AGF Management Ltd. now owns 2,245,393 shares of the financial services provider's stock worth $201,232,000 after purchasing an additional 972,101 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Iron Mountain by 2,193.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 518,501 shares of the financial services provider's stock worth $61,613,000 after purchasing an additional 495,898 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Iron Mountain by 12,953.4% in the 3rd quarter. International Assets Investment Management LLC now owns 448,644 shares of the financial services provider's stock valued at $53,312,000 after buying an additional 445,207 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its holdings in Iron Mountain by 45.0% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,298,330 shares of the financial services provider's stock valued at $116,356,000 after buying an additional 402,625 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. 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 report on Thursday, October 17th. Stifel Nicolaus upped their target price on shares of Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a report on Monday, September 23rd. 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 report on Friday, August 2nd. The Goldman Sachs Group upped their price objective on shares of Iron Mountain from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada lifted their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a research note on Wednesday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Iron Mountain has an average rating of "Buy" and an average price target of $131.00.

Iron Mountain Trading Down 0.5 %

IRM stock traded down $0.57 on Friday, hitting $123.67. 858,209 shares of the company were exchanged, compared to its average volume of 1,587,391. The stock has a market capitalization of $36.29 billion, a price-to-earnings ratio of 346.43, a price-to-earnings-growth ratio of 7.47 and a beta of 0.99. The business's fifty day moving average is $120.42 and its two-hundred day moving average is $105.53. Iron Mountain Incorporated has a twelve month low of $62.95 and a twelve month high of $130.24. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.75.

Iron Mountain Announces Dividend

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

Insider Activity at Iron Mountain

In other news, 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 value of $1,888,648.75. Following the completion of the sale, the chief executive officer now owns 295,650 shares of the company's stock, valued at $35,173,480.50. This represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the director now owns 14,829 shares in the company, valued at approximately $1,725,799.02. The trade was a 36.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,125 shares of company stock worth $6,613,584. 2.10% of the stock is owned by insiders.

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.