Sanctuary Advisors LLC Increases Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Sanctuary Advisors LLC lifted its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 284.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,034 shares of the financial services provider's stock after acquiring an additional 95,499 shares during the quarter. Sanctuary Advisors LLC's holdings in Iron Mountain were worth $15,368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of IRM. Ashton Thomas Securities LLC acquired a new stake in Iron Mountain in the third quarter valued at approximately $31,000. West Branch Capital LLC acquired a new stake in Iron Mountain in the 3rd quarter valued at $33,000. Teachers Insurance & Annuity Association of America purchased a new stake in Iron Mountain in the 3rd quarter worth $36,000. Family Firm Inc. acquired a new position in Iron Mountain during the second quarter worth $45,000. Finally, Dunhill Financial LLC lifted its holdings in Iron Mountain by 50.5% during the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 152 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Iron Mountain Trading Down 0.9 %

Shares of IRM stock traded down $1.02 on Friday, hitting $111.90. 957,689 shares of the stock traded hands, compared to its average volume of 1,589,226. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.75 and a current ratio of 0.75. Iron Mountain Incorporated has a twelve month low of $64.68 and a twelve month high of $130.24. The firm's 50-day moving average price is $120.18 and its two-hundred day moving average price is $108.28. The stock has a market capitalization of $32.84 billion, a PE ratio of 310.83, a PEG ratio of 6.77 and a beta of 0.98.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued 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 2.56%. Iron Mountain's dividend payout ratio is currently 794.44%.

Insider Activity

In related news, CEO William L. Meaney sold 15,872 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Wendy J. Murdock sold 8,500 shares of the 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 transaction, the director now directly owns 14,829 shares of the company's stock, valued at approximately $1,725,799.02. This trade represents a 36.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,997 shares of company stock valued at $8,406,961. 2.10% of the stock is currently owned by company insiders.

About Iron Mountain

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.