PFG Investments LLC Acquires 1,130 Shares of Iron Mountain Incorporated (NYSE:IRM)

PFG Investments LLC grew its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 4.6% during the fourth quarter, Holdings Channel reports. The firm owned 25,602 shares of the financial services provider’s stock after purchasing an additional 1,130 shares during the period. PFG Investments LLC’s holdings in Iron Mountain were worth $2,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IRM. Strategic Investment Advisors MI increased its stake in Iron Mountain by 2.5% in the fourth quarter. Strategic Investment Advisors MI now owns 10,345 shares of the financial services provider’s stock valued at $1,087,000 after acquiring an additional 255 shares during the period. Crescent Grove Advisors LLC lifted its position in shares of Iron Mountain by 1.6% during the fourth quarter. Crescent Grove Advisors LLC now owns 13,054 shares of the financial services provider’s stock worth $1,381,000 after purchasing an additional 211 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Iron Mountain by 12.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 8,906 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 977 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Iron Mountain by 151.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,147 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 5,511 shares in the last quarter. Finally, Secure Asset Management LLC lifted its holdings in Iron Mountain by 2.4% in the fourth quarter. Secure Asset Management LLC now owns 5,358 shares of the financial services provider’s stock valued at $563,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Buying and Selling

In other Iron Mountain news, CEO William L. Meaney sold 69,131 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total transaction of $7,248,385.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were 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 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. In 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.

Wall Street Analyst Weigh In

Several brokerages have commented on IRM. BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company raised their target price on shares of Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Royal Bank of Canada increased their price target on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Barclays cut their price target on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $131.00.

Iron Mountain Stock Down 0.1 %

Iron Mountain stock opened at $111.17 on Monday. The company has a market capitalization of $32.62 billion, a PE ratio of 308.81, a PEG ratio of 6.05 and a beta of 1.02. The firm’s fifty day moving average is $110.88 and its 200 day moving average is $112.50. Iron Mountain Incorporated has a 12-month low of $66.20 and a 12-month high of $130.24.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Monday, December 16th. Iron Mountain’s dividend payout ratio (DPR) is currently 794.47%.

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.