World Investment Advisors LLC acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,664 shares of the financial services provider's stock, valued at approximately $554,000.
Other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Iron Mountain in the 3rd quarter valued at about $31,000. West Branch Capital LLC acquired a new position in shares of Iron Mountain in the 3rd quarter valued at about $33,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Iron Mountain in the 3rd quarter valued at about $36,000. Family Firm Inc. acquired a new position in shares of Iron Mountain in the 2nd quarter valued at about $45,000. Finally, Dunhill Financial LLC boosted its holdings in shares of Iron Mountain by 50.5% in the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider's stock valued at $54,000 after buying an additional 152 shares during the period. 80.13% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Iron Mountain
In related news, CEO William L. Meaney sold 15,872 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total transaction of $1,793,377.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $118.97, for a total transaction of $1,888,648.75. Following the sale, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at approximately $35,173,480.50. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 63,497 shares of company stock valued at $7,417,731. Company insiders own 2.10% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Barclays decreased their price target on shares of Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Wells Fargo & Company lifted their price objective on shares of Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Stifel Nicolaus lifted their price objective 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. Royal Bank of Canada lifted their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Finally, BNP Paribas upgraded shares of Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $131.00.
Read Our Latest Stock Report on IRM
Iron Mountain Price Performance
Shares of NYSE:IRM traded down $6.88 during trading on Wednesday, reaching $103.21. The company had a trading volume of 2,920,467 shares, compared to its average volume of 1,592,732. The firm's fifty day moving average is $119.55 and its 200 day moving average is $109.08. The firm has a market capitalization of $30.29 billion, a PE ratio of 286.70, a price-to-earnings-growth ratio of 6.77 and a beta of 0.98. Iron Mountain Incorporated has a twelve month low of $64.68 and a twelve month high of $130.24. 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 Dividend Announcement
The business 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. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, December 16th. Iron Mountain's dividend payout ratio is currently 794.44%.
About Iron Mountain
(
Free Report)
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.
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