Janus Henderson Group PLC Has $7.75 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Janus Henderson Group PLC lowered its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,244 shares of the financial services provider's stock after selling 4,460 shares during the quarter. Janus Henderson Group PLC's holdings in Iron Mountain were worth $7,752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Iron Mountain in the third quarter valued at about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Iron Mountain in the second quarter valued at about $32,000. West Branch Capital LLC bought a new stake in Iron Mountain in the third quarter valued at about $33,000. Teachers Insurance & Annuity Association of America bought a new stake in Iron Mountain in the third quarter valued at about $36,000. Finally, Family Firm Inc. bought a new stake in Iron Mountain in the second quarter valued at about $45,000. Institutional investors own 80.13% of the company's stock.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $118.97, for a total value of $1,888,648.75. Following the transaction, the chief executive officer now directly owns 295,650 shares in the company, 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 SEC, which is available at the SEC website. Also, Director Wendy J. Murdock sold 8,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total transaction of $989,230.00. Following the completion of the transaction, the director now owns 14,829 shares in the company, valued at $1,725,799.02. This represents a 36.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,125 shares of company stock worth $6,613,584. Corporate insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

IRM has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on shares of Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Barclays decreased 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. BNP Paribas raised shares of Iron Mountain to a "strong-buy" rating in a research note on Wednesday, November 6th. 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 note on Monday, September 23rd. Finally, Royal Bank of Canada upped their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Six 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, Iron Mountain currently has a consensus rating of "Buy" and an average target price of $131.00.

Iron Mountain Price Performance

Shares of IRM stock traded down $5.81 during trading hours on Monday, reaching $114.35. 2,007,228 shares of the company were exchanged, compared to its average volume of 1,590,063. Iron Mountain Incorporated has a fifty-two week low of $64.68 and a fifty-two week high of $130.24. The stock's fifty day moving average is $120.67 and its two-hundred day moving average is $107.77. The company has a market cap of $33.56 billion, a price-to-earnings ratio of 317.64, a P/E/G ratio of 7.20 and a beta of 0.98. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.50%. Iron Mountain's payout ratio is 794.44%.

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.