Trinity Legacy Partners LLC Has $5.14 Million Holdings in Iron Mountain Incorporated (NYSE:IRM)

Trinity Legacy Partners LLC decreased its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 22.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,430 shares of the financial services provider's stock after selling 12,440 shares during the quarter. Trinity Legacy Partners LLC's holdings in Iron Mountain were worth $5,143,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IRM. Legal & General Group Plc boosted its holdings in shares of Iron Mountain by 49.2% in the second quarter. Legal & General Group Plc now owns 3,899,276 shares of the financial services provider's stock valued at $349,453,000 after buying an additional 1,286,694 shares during the period. AGF Management Ltd. raised its stake in shares of Iron Mountain by 76.3% in the 2nd quarter. AGF Management Ltd. now owns 2,245,393 shares of the financial services provider's stock valued at $201,232,000 after purchasing an additional 972,101 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Iron Mountain by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 2,126,237 shares of the financial services provider's stock worth $190,553,000 after buying an additional 6,562 shares during the period. Centersquare Investment Management LLC grew its holdings in shares of Iron Mountain by 7,892.6% during the first quarter. Centersquare Investment Management LLC now owns 1,538,486 shares of the financial services provider's stock worth $119,263,000 after buying an additional 1,519,237 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its position in Iron Mountain by 45.0% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,298,330 shares of the financial services provider's stock valued at $116,356,000 after buying an additional 402,625 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IRM. The Goldman Sachs Group raised their price target on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of Iron Mountain from $82.00 to $121.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Barclays boosted their price target on shares of Iron Mountain from $91.00 to $133.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Stifel Nicolaus raised their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Finally, Wells Fargo & Company lifted 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $129.80.

Insider Transactions at Iron Mountain

In related news, EVP Edward Baker-Greene sold 2,262 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total value of $248,254.50. Following the sale, the executive vice president now owns 9,049 shares in the company, valued at approximately $993,127.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Edward Baker-Greene sold 2,262 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total value of $248,254.50. Following the transaction, the executive vice president now owns 9,049 shares in the company, valued at approximately $993,127.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Tomovcsik sold 1,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $110.00, for a total transaction of $110,000.00. Following the completion of the transaction, the chief operating officer now directly owns 14,000 shares in the company, valued at approximately $1,540,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,637 shares of company stock worth $3,210,575. 2.10% of the stock is owned by company insiders.

Iron Mountain Stock Performance

Shares of IRM stock traded up $2.79 on Friday, reaching $119.71. The stock had a trading volume of 1,260,875 shares, compared to its average volume of 1,609,224. Iron Mountain Incorporated has a 12 month low of $58.55 and a 12 month high of $130.24. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 674.63. The firm has a market capitalization of $35.12 billion, a price-to-earnings ratio of 149.96, a P/E/G ratio of 7.33 and a beta of 0.99. The firm's 50-day moving average is $119.08 and its two-hundred day moving average is $101.28.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given 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 2.39%. Iron Mountain's payout ratio is 366.67%.

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.