Sheaff Brock Investment Advisors LLC Sells 21,172 Shares of Iron Mountain Incorporated (NYSE:IRM)

Sheaff Brock Investment Advisors LLC lessened its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 15.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,863 shares of the financial services provider's stock after selling 21,172 shares during the period. Iron Mountain comprises about 1.2% of Sheaff Brock Investment Advisors LLC's holdings, making the stock its 11th largest holding. Sheaff Brock Investment Advisors LLC's holdings in Iron Mountain were worth $14,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Iron Mountain during the 3rd quarter valued at approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Iron Mountain during the 2nd quarter valued at approximately $32,000. West Branch Capital LLC bought a new position in Iron Mountain during the 3rd quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Iron Mountain during the 2nd quarter valued at approximately $36,000. Finally, Headlands Technologies LLC bought a new position in Iron Mountain during the 1st quarter valued at approximately $38,000. Institutional investors own 80.13% of the company's stock.

Iron Mountain Stock Up 1.5 %

IRM traded up $1.75 during trading on Friday, hitting $114.87. 1,485,831 shares of the company's stock traded hands, compared to its average volume of 1,605,212. The company's 50 day simple moving average is $119.46 and its two-hundred day simple moving average is $102.63. 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 Incorporated has a 12-month low of $61.59 and a 12-month high of $130.24. The stock has a market capitalization of $33.71 billion, a price-to-earnings ratio of 314.34, a PEG ratio of 6.95 and a beta of 0.99.

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 paid a $0.715 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.49%. Iron Mountain's dividend payout ratio (DPR) is currently 794.47%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Iron Mountain from $82.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. The Goldman Sachs Group increased their target price on Iron Mountain from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. BNP Paribas raised Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their target price on Iron Mountain from $120.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Finally, Barclays increased their target price on Iron Mountain from $91.00 to $133.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $129.80.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of the firm's 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 transaction, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at approximately $35,173,480.50. This trade represents a 5.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wendy J. Murdock sold 8,500 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total value of $989,230.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,387 shares of company stock worth $6,971,838 in the last ninety days. Insiders own 2.10% of the company's stock.

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.