Centaurus Financial Inc. Sells 154 Shares of Iron Mountain Incorporated (NYSE:IRM)

Centaurus Financial Inc. decreased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 2.3% during the third quarter, HoldingsChannel reports. The firm owned 6,557 shares of the financial services provider’s stock after selling 154 shares during the period. Centaurus Financial Inc.’s holdings in Iron Mountain were worth $779,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

IRM has been the subject of a number of recent research reports. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company increased 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. Stifel Nicolaus upped their price target on Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Barclays lowered their price objective on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. upped their target price on Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $129.40.

Iron Mountain Stock Up 1.5 %

Iron Mountain stock opened at $120.84 on Tuesday. Iron Mountain Incorporated has a 52 week low of $62.58 and a 52 week high of $130.24. The firm has a market cap of $35.46 billion, a price-to-earnings ratio of 335.68, a price-to-earnings-growth ratio of 7.16 and a beta of 0.99. The business’s 50-day moving average price is $119.91 and its 200 day moving average price is $104.96. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 674.63.

Iron Mountain Dividend Announcement

The company 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. This represents a $2.86 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, December 16th. Iron Mountain’s payout ratio is currently 794.47%.

Insider Activity

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

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.