AlphaMark Advisors LLC Trims Holdings in Iron Mountain Incorporated (NYSE:IRM)

AlphaMark Advisors LLC cut its holdings in Iron Mountain Incorporated (NYSE:IRM) by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 608 shares of the financial services provider’s stock after selling 178 shares during the quarter. AlphaMark Advisors LLC’s holdings in Iron Mountain were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IRM. Chesley Taft & Associates LLC boosted its stake in Iron Mountain by 1.0% in the 1st quarter. Chesley Taft & Associates LLC now owns 14,650 shares of the financial services provider’s stock worth $1,175,000 after purchasing an additional 150 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Iron Mountain by 1.7% during the 4th quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock valued at $612,000 after purchasing an additional 156 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Iron Mountain by 17.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,171 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 171 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Iron Mountain by 4.0% during the 4th quarter. Federated Hermes Inc. now owns 4,599 shares of the financial services provider’s stock valued at $322,000 after purchasing an additional 179 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of Iron Mountain by 48.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 618 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 201 shares during the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. The Goldman Sachs Group increased their target price on shares of Iron Mountain from $89.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Barclays increased their target price on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.33.

Iron Mountain Trading Up 0.1 %

IRM traded up $0.07 during trading on Monday, reaching $89.69. The company had a trading volume of 1,310,402 shares, compared to its average volume of 1,590,481. The stock has a market cap of $26.29 billion, a P/E ratio of 135.90, a PEG ratio of 5.31 and a beta of 0.98. The business has a 50 day simple moving average of $82.53 and a 200-day simple moving average of $76.20. Iron Mountain Incorporated has a 52 week low of $56.28 and a 52 week high of $90.40. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be given a $0.65 dividend. The ex-dividend date is Monday, June 17th. This represents a $2.60 dividend on an annualized basis and a yield of 2.90%. Iron Mountain’s dividend payout ratio is presently 393.95%.

Insider Buying and Selling

In other news, CAO Daniel Borges sold 3,095 shares of Iron Mountain stock in a transaction on Monday, June 17th. The stock was sold at an average price of $86.83, for a total transaction of $268,738.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Edward Baker-Greene sold 6,200 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $88.35, for a total transaction of $547,770.00. Following the transaction, the executive vice president now owns 11,311 shares in the company, valued at $999,326.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Daniel Borges sold 3,095 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $86.83, for a total value of $268,738.85. The disclosure for this sale can be found here. Insiders sold a total of 100,053 shares of company stock worth $8,429,641 over the last three months. 2.10% of the stock is owned by 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.