ORG Partners LLC Purchases 10,006 Shares of Iron Mountain Incorporated (NYSE:IRM)

ORG Partners LLC raised its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 178.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,609 shares of the financial services provider's stock after buying an additional 10,006 shares during the quarter. ORG Partners LLC's holdings in Iron Mountain were worth $1,641,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Caprock Group LLC grew its stake in shares of Iron Mountain by 21.0% in the 2nd quarter. Caprock Group LLC now owns 3,998 shares of the financial services provider's stock worth $361,000 after purchasing an additional 694 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Iron Mountain during the 2nd quarter valued at about $145,000. Choreo LLC bought a new stake in Iron Mountain in the second quarter valued at $1,357,000. MGO One Seven LLC acquired a new stake in shares of Iron Mountain during the second quarter worth approximately $875,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of Iron Mountain by 586.4% in the second quarter. HHM Wealth Advisors LLC now owns 1,263 shares of the financial services provider's stock valued at $113,000 after buying an additional 1,079 shares during the last quarter. Institutional investors own 80.13% of the company's stock.

Insider Buying and Selling at Iron Mountain

In other news, EVP Mithu Bhargava sold 8,263 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the transaction, the executive vice president now owns 13,054 shares in the company, valued at approximately $1,364,012.46. This trade represents a 38.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on 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 sale, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at $35,173,480.50. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,016 shares of company stock worth $13,666,427 over the last quarter. 2.10% of the stock is currently owned by insiders.

Iron Mountain Stock Down 1.6 %

Shares of Iron Mountain stock traded down $1.64 during trading hours on Friday, reaching $101.21. 1,717,749 shares of the company's stock were exchanged, compared to its average volume of 2,155,973. The company has a 50 day moving average of $113.11 and a two-hundred day moving average of $110.91. Iron Mountain Incorporated has a fifty-two week low of $64.68 and a fifty-two week high of $130.24. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. The stock has a market cap of $29.70 billion, a P/E ratio of 281.15, a P/E/G ratio of 6.70 and a beta of 1.02.

Iron Mountain Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IRM shares. Stifel Nicolaus boosted their target price on Iron Mountain from $117.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. BNP Paribas upgraded shares of Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Barclays dropped their price target on shares of Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. 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 report on Wednesday, November 27th. Finally, Wells Fargo & Company increased their price target on Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $131.00.

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.