Oak Thistle LLC Boosts Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Oak Thistle LLC increased its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 111.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,221 shares of the financial services provider's stock after acquiring an additional 3,800 shares during the quarter. Oak Thistle LLC's holdings in Iron Mountain were worth $759,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IRM. Ashton Thomas Securities LLC bought a new stake in Iron Mountain in the third quarter valued at $31,000. West Branch Capital LLC acquired a new stake in shares of Iron Mountain in the 3rd quarter valued at about $33,000. Teachers Insurance & Annuity Association of America bought a new stake in Iron Mountain in the 3rd quarter valued at about $36,000. Dunhill Financial LLC raised its stake in Iron Mountain by 50.5% during the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider's stock worth $54,000 after buying an additional 152 shares during the period. Finally, Quarry LP boosted its holdings in Iron Mountain by 86.5% in the third quarter. Quarry LP now owns 496 shares of the financial services provider's stock worth $59,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mithu Bhargava sold 8,263 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the completion of the transaction, the executive vice president now owns 13,054 shares in the company, valued at $1,364,012.46. This represents a 38.76 % decrease in their position. 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 69,131 shares of Iron Mountain stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total value of $7,248,385.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,016 shares of company stock worth $13,666,427. Insiders own 2.10% of the company's stock.

Iron Mountain Price Performance

Shares of NYSE IRM traded up $3.99 during trading on Thursday, hitting $110.17. The stock had a trading volume of 1,831,955 shares, compared to its average volume of 1,895,198. The firm has a fifty day moving average of $111.70 and a two-hundred day moving average of $111.46. The company has a market capitalization of $32.33 billion, a PE ratio of 306.02, a PEG ratio of 5.56 and a beta of 1.02. Iron Mountain Incorporated has a 12 month low of $64.68 and a 12 month high of $130.24.

Iron Mountain Dividend Announcement

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

Wall Street Analysts Forecast Growth

IRM has been the subject of several recent research reports. BNP Paribas upgraded Iron Mountain to a "strong-buy" rating in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. 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 report on Monday, September 23rd. Royal Bank of Canada lifted 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. Finally, Barclays decreased their target price on shares of 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 given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $131.00.

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.