Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Forsta AP Fonden

Forsta AP Fonden trimmed its position in Iron Mountain Incorporated (NYSE:IRM) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,900 shares of the financial services provider’s stock after selling 2,300 shares during the period. Forsta AP Fonden’s holdings in Iron Mountain were worth $6,611,000 as of its most recent SEC filing.

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

Iron Mountain Trading Down 0.6 %

NYSE IRM opened at $101.37 on Friday. Iron Mountain Incorporated has a 1-year low of $66.20 and a 1-year high of $130.24. The company has a market capitalization of $29.75 billion, a PE ratio of 281.58, a price-to-earnings-growth ratio of 5.53 and a beta of 1.02. The firm’s fifty day simple moving average is $109.28 and its 200-day simple moving average is $112.45.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, December 16th. Iron Mountain’s dividend payout ratio (DPR) is presently 794.47%.

Analysts Set New Price Targets

A number of brokerages have recently commented on IRM. 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. Wells Fargo & Company increased their target price on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Royal Bank of Canada increased their target price on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Barclays reduced their target price on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.83.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total value of $7,248,385.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $117.96, for a total transaction of $1,872,615.00. Following the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at $34,874,874. The trade was a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,016 shares of company stock valued at $13,666,427. 2.10% of the stock is owned by 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.