7,101 Shares in Iron Mountain Incorporated (NYSE:IRM) Bought by Strategy Asset Managers LLC

Strategy Asset Managers LLC purchased a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,101 shares of the financial services provider’s stock, valued at approximately $844,000.

Other institutional investors have also bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new position in shares of Iron Mountain during the third quarter valued at about $1,427,000. Prospera Private Wealth LLC purchased a new stake in Iron Mountain in the 3rd quarter valued at about $178,000. PNC Financial Services Group Inc. increased its stake in Iron Mountain by 2.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 53,877 shares of the financial services provider’s stock valued at $6,402,000 after buying an additional 1,446 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Iron Mountain during the 3rd quarter valued at approximately $2,739,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Iron Mountain during the 3rd quarter valued at approximately $1,221,000. Institutional investors own 80.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on IRM shares. Stifel Nicolaus increased their target price on shares of Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. raised their price objective on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their price objective on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays cut their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday. Finally, BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $129.40.

Insider Activity

In other news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $34,697,484. This trade represents a 5.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Wendy J. Murdock sold 8,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total transaction of $989,230.00. Following the sale, the director now owns 14,829 shares in the company, valued at approximately $1,725,799.02. This trade represents a 36.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,125 shares of company stock worth $6,613,584. 2.10% of the stock is currently owned by corporate insiders.

Iron Mountain Stock Up 0.9 %

Shares of NYSE:IRM opened at $116.50 on Wednesday. The firm has a fifty day moving average price of $119.72 and a two-hundred day moving average price of $103.81. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.75. Iron Mountain Incorporated has a one year low of $61.80 and a one year high of $130.24. The company has a market cap of $34.19 billion, a price-to-earnings ratio of 323.61, a PEG ratio of 6.88 and a beta of 0.99.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Monday, December 16th. Iron Mountain’s dividend payout ratio (DPR) is currently 794.44%.

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.