Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,606 shares of the financial services provider’s stock after selling 661 shares during the period. Crossmark Global Holdings Inc.’s holdings in Iron Mountain were worth $6,055,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IRM. Ashton Thomas Securities LLC purchased a new position in shares of Iron Mountain during the third quarter valued at approximately $31,000. West Branch Capital LLC purchased a new position in shares of Iron Mountain during the 3rd quarter worth $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Iron Mountain during the third quarter worth $36,000. Dunhill Financial LLC grew its position in shares of Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 152 shares during the period. Finally, Quarry LP increased its stake in Iron Mountain by 86.5% in the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 230 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Trading Up 1.5 %

Shares of Iron Mountain stock opened at $110.80 on Wednesday. The company has a fifty day moving average price of $111.11 and a 200 day moving average price of $112.13. Iron Mountain Incorporated has a twelve month low of $66.20 and a twelve month high of $130.24. The stock has a market cap of $32.52 billion, a price-to-earnings ratio of 307.80, a price-to-earnings-growth ratio of 6.01 and a beta of 1.02.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Monday, December 16th. Iron Mountain’s dividend payout ratio (DPR) is presently 794.47%.

Analyst Upgrades and Downgrades

Several analysts have commented on IRM shares. Barclays lowered their price target on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, November 18th. BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their price target on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, 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. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $131.00.

Insiders Place Their Bets

In related news, EVP Mithu Bhargava sold 8,263 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the completion of the transaction, the executive vice president now owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. This represents a 38.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William L. Meaney sold 69,131 shares of Iron Mountain stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total value of $7,248,385.35. The disclosure for this sale can be found here. Insiders sold a total of 125,016 shares of company stock worth $13,666,427 in the last 90 days. 2.10% of the stock is owned by company insiders.

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.