Retireful LLC Makes New Investment in Iron Mountain Incorporated (NYSE:IRM)

Retireful LLC purchased a new stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,891 shares of the financial services provider's stock, valued at approximately $700,000.

Several other institutional investors have also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC boosted its stake in shares of Iron Mountain by 34.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,344 shares of the financial services provider's stock worth $1,231,000 after acquiring an additional 3,906 shares during the period. Bessemer Group Inc. increased its holdings in Iron Mountain by 13.8% in the 1st quarter. Bessemer Group Inc. now owns 6,461 shares of the financial services provider's stock valued at $518,000 after buying an additional 781 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Iron Mountain by 0.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 362,134 shares of the financial services provider's stock worth $29,060,000 after buying an additional 1,716 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Iron Mountain in the first quarter valued at about $5,133,000. Finally, Shell Asset Management Co. grew its position in Iron Mountain by 23.1% in the first quarter. Shell Asset Management Co. now owns 46,450 shares of the financial services provider's stock valued at $3,726,000 after acquiring an additional 8,716 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 15,875 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $35,173,480.50. The trade was a 5.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wendy J. Murdock sold 8,500 shares of Iron Mountain stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total transaction of $989,230.00. Following the completion of the sale, the director now directly owns 14,829 shares in the company, valued at approximately $1,725,799.02. This represents a 36.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,125 shares of company stock valued at $6,613,584 in the last three months. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

IRM has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on 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. Stifel Nicolaus boosted 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. Wells Fargo & Company boosted 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. Finally, BNP Paribas raised shares of Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $129.40.

Iron Mountain Stock Down 0.2 %

Shares of IRM traded down $0.21 on Wednesday, reaching $116.30. The company's stock had a trading volume of 691,498 shares, compared to its average volume of 1,597,859. The stock has a market capitalization of $34.13 billion, a PE ratio of 323.06, a PEG ratio of 6.88 and a beta of 0.99. Iron Mountain Incorporated has a twelve month low of $62.56 and a twelve month high of $130.24. The firm has a fifty day moving average of $119.76 and a 200-day moving average of $103.89. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 2.46%. The ex-dividend date is Monday, December 16th. Iron Mountain's dividend payout ratio (DPR) is presently 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.