Tyler Stone Wealth Management Increases Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Tyler Stone Wealth Management boosted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 103.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,865 shares of the financial services provider's stock after buying an additional 13,686 shares during the quarter. Tyler Stone Wealth Management's holdings in Iron Mountain were worth $3,192,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its stake in shares of Iron Mountain by 2.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 321,492 shares of the financial services provider's stock valued at $25,787,000 after purchasing an additional 7,486 shares during the period. Friedenthal Financial acquired a new position in shares of Iron Mountain in the 3rd quarter valued at $824,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Iron Mountain by 22.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 592,773 shares of the financial services provider's stock valued at $47,547,000 after purchasing an additional 110,551 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Iron Mountain by 19.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 75,809 shares of the financial services provider's stock valued at $6,794,000 after purchasing an additional 12,540 shares during the period. Finally, Centersquare Investment Management LLC lifted its stake in shares of Iron Mountain by 7,892.6% in the 1st quarter. Centersquare Investment Management LLC now owns 1,538,486 shares of the financial services provider's stock valued at $119,263,000 after purchasing an additional 1,519,237 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Trading Up 2.4 %

Shares of IRM stock traded up $2.79 on Friday, hitting $119.71. 1,260,903 shares of the stock traded hands, compared to its average volume of 1,493,211. The firm's 50-day moving average price is $119.20 and its two-hundred day moving average price is $101.76. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.79 and a current ratio of 0.75. The stock has a market capitalization of $35.13 billion, a PE ratio of 332.53, a PEG ratio of 6.86 and a beta of 0.99. Iron Mountain Incorporated has a twelve month low of $58.55 and a twelve month high of $130.24.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders 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 yield of 2.39%. Iron Mountain's payout ratio is currently 794.44%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the company's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $117.36, for a total value of $1,863,090.00. Following the transaction, the chief executive officer now owns 295,650 shares of the company's stock, valued at $34,697,484. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Wendy J. Murdock sold 8,500 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total transaction of $989,230.00. Following the sale, the director now owns 14,829 shares of the company's stock, valued at approximately $1,725,799.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $34,697,484. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,637 shares of company stock valued at $3,210,575 over the last 90 days. 2.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on IRM. Stifel Nicolaus boosted their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. JPMorgan Chase & Co. boosted their price target on shares of 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 boosted their price target on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a "buy" rating in a 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 report on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $129.80.

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.