Goldstone Financial Group LLC Buys 1,304 Shares of Iron Mountain Incorporated (NYSE:IRM)

Goldstone Financial Group LLC raised its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,852 shares of the financial services provider’s stock after acquiring an additional 1,304 shares during the quarter. Goldstone Financial Group LLC’s holdings in Iron Mountain were worth $615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IRM. Ashton Thomas Securities LLC bought a new position in Iron Mountain in the third quarter worth approximately $31,000. West Branch Capital LLC purchased a new stake in shares of Iron Mountain during the third quarter valued at approximately $33,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Iron Mountain during the 3rd quarter worth $36,000. Dunhill Financial LLC raised its position in Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 152 shares during the period. Finally, Quarry LP raised its holdings in shares of Iron Mountain by 86.5% in the 3rd quarter. Quarry LP now owns 496 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 230 shares during the period. Institutional investors own 80.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IRM shares. Stifel Nicolaus lifted their price target on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Wells Fargo & Company upped their price objective on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. 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 report on Wednesday, November 27th. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Finally, Barclays lowered their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $131.00.

Iron Mountain Trading Up 3.8 %

IRM opened at $110.17 on Friday. The company’s 50 day moving average is $111.56 and its 200 day moving average is $111.46. The company has a market cap of $32.33 billion, a price-to-earnings ratio of 306.02, a PEG ratio of 5.56 and a beta of 1.02. Iron Mountain Incorporated has a 12-month low of $64.68 and a 12-month high of $130.24.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Monday, December 16th. Iron Mountain’s payout ratio is 794.47%.

Insider Buying and Selling

In related news, 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 value of $1,888,648.75. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mithu Bhargava sold 8,263 shares of Iron Mountain stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $104.49, for a total transaction of $863,400.87. Following the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at $1,364,012.46. This represents a 38.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,016 shares of company stock valued at $13,666,427. 2.10% of the stock is owned by company insiders.

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.