5,900 Shares in Iron Mountain Incorporated (NYSE:IRM) Purchased by Caldwell Investment Management Ltd.

Caldwell Investment Management Ltd. acquired a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,900 shares of the financial services provider’s stock, valued at approximately $688,000.

A number of other institutional investors and hedge funds also recently modified their holdings of IRM. Ashton Thomas Securities LLC acquired a new position in Iron Mountain during the third quarter worth approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Iron Mountain during the 2nd quarter worth $32,000. West Branch Capital LLC purchased a new position in shares of Iron Mountain in the 3rd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Iron Mountain in the second quarter valued at $36,000. Finally, Family Firm Inc. purchased a new stake in Iron Mountain during the second quarter valued at about $45,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

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

Iron Mountain Trading Up 0.5 %

NYSE IRM opened at $115.50 on Tuesday. The company’s fifty day simple moving average is $119.68 and its 200-day simple moving average is $103.52. The stock has a market cap of $33.89 billion, a P/E ratio of 320.84, a PEG ratio of 6.88 and a beta of 0.99. Iron Mountain Incorporated has a 52 week low of $61.80 and a 52 week high of $130.24. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.48%. Iron Mountain’s dividend payout ratio is presently 794.47%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Stifel Nicolaus lifted their price target 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. Barclays dropped their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday. 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 note on Thursday, October 17th. Finally, BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $129.40.

About Iron Mountain

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.