James Hambro & Partners LLP Sells 72,123 Shares of Iron Mountain Incorporated (NYSE:IRM)

James Hambro & Partners LLP lessened its holdings in Iron Mountain Incorporated (NYSE:IRM) by 68.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,485 shares of the financial services provider’s stock after selling 72,123 shares during the quarter. Iron Mountain makes up approximately 0.1% of James Hambro & Partners LLP’s investment portfolio, making the stock its 25th largest position. James Hambro & Partners LLP’s holdings in Iron Mountain were worth $3,416,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IRM. Ashton Thomas Securities LLC acquired a new position in shares of Iron Mountain during the third quarter worth $31,000. West Branch Capital LLC bought a new position in Iron Mountain during the 3rd quarter worth $33,000. Teachers Insurance & Annuity Association of America acquired a new position in Iron Mountain during the 3rd quarter worth about $36,000. Dunhill Financial LLC grew its position 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 last quarter. Finally, Quarry LP increased its stake in shares of 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 buying an additional 230 shares during the period. 80.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 15,872 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $117.96, for a total value of $1,872,615.00. Following the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $34,874,874. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,016 shares of company stock worth $13,666,427. Corporate insiders own 2.10% of the company’s stock.

Iron Mountain Trading Down 0.1 %

NYSE:IRM opened at $111.17 on Monday. The firm has a fifty day simple moving average of $110.88 and a two-hundred day simple moving average of $112.50. Iron Mountain Incorporated has a 12 month low of $66.20 and a 12 month high of $130.24. The stock has a market capitalization of $32.62 billion, a price-to-earnings ratio of 308.81, a PEG ratio of 6.05 and a beta of 1.02.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Monday, December 16th. Iron Mountain’s dividend payout ratio (DPR) is currently 794.47%.

Wall Street Analysts Forecast Growth

IRM has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price 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. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their target price 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, Barclays decreased 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. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $131.00.

About Iron Mountain

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.