5,198 Shares in Iron Mountain Incorporated (NYSE:IRM) Purchased by Valued Retirements Inc.

Valued Retirements Inc. acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,198 shares of the financial services provider’s stock, valued at approximately $618,000. Iron Mountain comprises approximately 0.9% of Valued Retirements Inc.’s holdings, making the stock its 29th largest holding.

Several other hedge funds have also added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of Iron Mountain by 26.3% in the second quarter. CWM LLC now owns 7,645 shares of the financial services provider’s stock valued at $685,000 after buying an additional 1,593 shares during the period. Sequoia Financial Advisors LLC raised its stake in Iron Mountain by 12.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,935 shares of the financial services provider’s stock valued at $711,000 after acquiring an additional 862 shares during the period. Wedmont Private Capital bought a new stake in Iron Mountain in the 2nd quarter valued at about $250,000. Maia Wealth LLC purchased a new stake in Iron Mountain during the second quarter valued at about $215,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Iron Mountain by 7.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 113,698 shares of the financial services provider’s stock worth $10,190,000 after purchasing an additional 7,415 shares during the period. Institutional investors own 80.13% of the company’s stock.

Insiders Place Their Bets

In other Iron Mountain news, Director Wendy J. Murdock sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total value of $989,230.00. Following the completion of the transaction, the director now owns 14,829 shares of the company’s stock, valued at $1,725,799.02. The trade was a 36.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $118.97, for a total transaction of $1,888,648.75. Following the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $35,173,480.50. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,125 shares of company stock worth $6,613,584 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Iron Mountain Stock Down 4.8 %

IRM opened at $114.35 on Tuesday. 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 $64.68 and a one year high of $130.24. The firm has a market capitalization of $33.56 billion, a P/E ratio of 317.64, a price-to-earnings-growth ratio of 7.20 and a beta of 0.98. The company has a fifty day moving average price of $120.67 and a 200-day moving average price of $107.77.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors 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 yield of 2.50%. The ex-dividend date of this dividend is Monday, December 16th. Iron Mountain’s payout ratio is 794.44%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays lowered their price target on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Royal Bank of Canada increased their target price on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company boosted their price objective on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus raised their target price on Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Iron Mountain presently has a consensus rating of “Buy” and a consensus target price of $131.00.

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.