10,000 Shares in Iron Mountain Incorporated (NYSE:IRM) Purchased by Smith Group Asset Management LLC

Smith Group Asset Management LLC acquired a new stake in Iron Mountain Incorporated (NYSE:IRM) in the fourth quarter, Holdings Channel.com reports. The firm acquired 10,000 shares of the financial services provider’s stock, valued at approximately $1,051,000.

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

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $117.96, for a total value of $1,872,615.00. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $34,874,874. The trade was a 5.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mithu Bhargava sold 8,263 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,016 shares of company stock valued at $13,666,427 over the last 90 days. 2.10% of the stock is owned by company insiders.

Iron Mountain Stock Down 5.2 %

NYSE:IRM opened at $98.53 on Wednesday. The company has a market capitalization of $28.92 billion, a P/E ratio of 273.71, a P/E/G ratio of 6.05 and a beta of 1.02. Iron Mountain Incorporated has a 52 week low of $66.20 and a 52 week high of $130.24. The stock’s fifty day moving average is $110.29 and its two-hundred day moving average is $112.58.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Monday, December 16th. Iron Mountain’s dividend payout ratio (DPR) is presently 794.47%.

Analyst Ratings Changes

IRM has been the topic of several research reports. Barclays decreased their price target on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wells Fargo & Company upped their price target on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. StockNews.com downgraded Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price target on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus target price of $130.83.

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.