Ibex Wealth Advisors Takes Position in Iron Mountain Incorporated (NYSE:IRM)

Ibex Wealth Advisors bought a new position in Iron Mountain Incorporated (NYSE:IRM) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 7,908 shares of the financial services provider’s stock, valued at approximately $831,000.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Iron Mountain in the third quarter worth $31,000. West Branch Capital LLC purchased a new position in Iron Mountain in the 3rd quarter worth $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in Iron Mountain during the 3rd quarter worth about $36,000. Dunhill Financial LLC grew its stake in Iron Mountain by 50.5% during the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 152 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Iron Mountain by 86.5% in the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,872 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total transaction of $1,793,377.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mithu Bhargava sold 8,263 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $104.49, for a total value of $863,400.87. Following the completion of the transaction, the executive vice president now owns 13,054 shares in the company, valued at approximately $1,364,012.46. This trade represents a 38.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,016 shares of company stock valued at $13,666,427 in the last three months. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on IRM. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their target price on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Barclays decreased their target price on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, StockNews.com downgraded Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.83.

Iron Mountain Stock Up 1.8 %

NYSE:IRM opened at $100.56 on Thursday. The stock has a market capitalization of $29.51 billion, a PE ratio of 279.34, a price-to-earnings-growth ratio of 6.05 and a beta of 1.02. Iron Mountain Incorporated has a 52 week low of $66.20 and a 52 week high of $130.24. The stock’s 50-day moving average price is $109.98 and its 200-day moving average price is $112.50.

Iron Mountain Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Monday, December 16th. Iron Mountain’s dividend payout ratio (DPR) is presently 794.47%.

Iron Mountain 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.