Claro Advisors LLC Sells 119 Shares of Iron Mountain Incorporated (NYSE:IRM)

Claro Advisors LLC cut its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 0.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 16,598 shares of the financial services provider’s stock after selling 119 shares during the period. Claro Advisors LLC’s holdings in Iron Mountain were worth $1,745,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of IRM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Iron Mountain by 537.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,170,550 shares of the financial services provider’s stock worth $376,756,000 after purchasing an additional 2,672,821 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Iron Mountain by 49.2% during the 2nd quarter. Legal & General Group Plc now owns 3,899,276 shares of the financial services provider’s stock worth $349,453,000 after buying an additional 1,286,694 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of Iron Mountain by 2,193.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 518,501 shares of the financial services provider’s stock worth $61,613,000 after buying an additional 495,898 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Iron Mountain by 12,953.4% in the third quarter. International Assets Investment Management LLC now owns 448,644 shares of the financial services provider’s stock valued at $53,312,000 after acquiring an additional 445,207 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. increased its position in shares of Iron Mountain by 45.0% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,298,330 shares of the financial services provider’s stock valued at $116,356,000 after acquiring an additional 402,625 shares during the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Stock Performance

Shares of IRM stock traded up $0.64 during trading on Monday, reaching $101.80. 732,610 shares of the company’s stock traded hands, compared to its average volume of 1,939,053. Iron Mountain Incorporated has a 1 year low of $64.68 and a 1 year high of $130.24. The company has a market capitalization of $29.87 billion, a P/E ratio of 282.79, a PEG ratio of 6.70 and a beta of 1.02. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. The firm’s 50-day moving average is $112.71 and its 200 day moving average is $111.31.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Monday, December 16th. Iron Mountain’s dividend payout ratio (DPR) is presently 794.44%.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 69,131 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total value of $7,248,385.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $117.96, for a total value of $1,872,615.00. Following the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $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 three months, insiders have sold 125,016 shares of company stock worth $13,666,427. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

IRM has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Stifel Nicolaus raised their price objective on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Wells Fargo & Company boosted 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. Barclays decreased 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. Finally, BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Six research 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.

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.