Pathway Financial Advisers LLC Sells 2,841 Shares of Iron Mountain Incorporated (NYSE:IRM)

Pathway Financial Advisers LLC lowered its stake in Iron Mountain Incorporated (NYSE:IRM) by 18.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,725 shares of the financial services provider’s stock after selling 2,841 shares during the period. Pathway Financial Advisers LLC’s holdings in Iron Mountain were worth $1,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IRM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Iron Mountain in the second quarter worth $32,000. West Branch Capital LLC purchased a new stake in Iron Mountain during the 3rd quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Iron Mountain during the 2nd quarter valued at about $36,000. Headlands Technologies LLC purchased a new position in Iron Mountain in the first quarter worth about $38,000. Finally, Family Firm Inc. bought a new position in shares of Iron Mountain in the second quarter worth approximately $45,000. Institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other news, COO John Tomovcsik sold 2,866 shares of Iron Mountain stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $105.00, for a total transaction of $300,930.00. Following the transaction, the chief operating officer now owns 15,000 shares in the company, valued at $1,575,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO John Tomovcsik sold 2,866 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $105.00, for a total value of $300,930.00. Following the transaction, the chief operating officer now directly owns 15,000 shares of the company’s stock, valued at approximately $1,575,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $117.36, for a total value of $1,863,090.00. Following the sale, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $34,697,484. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,503 shares of company stock valued at $3,511,505. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IRM shares. Wells Fargo & Company raised their price target 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. JPMorgan Chase & Co. lifted their target price on Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group upped their price target on Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays increased their price objective on Iron Mountain from $91.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus boosted their target price on Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.50.

Iron Mountain Price Performance

NYSE IRM opened at $127.70 on Friday. The stock has a market capitalization of $37.46 billion, a price-to-earnings ratio of 163.72, a PEG ratio of 7.42 and a beta of 1.00. Iron Mountain Incorporated has a 1-year low of $57.36 and a 1-year high of $130.24. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.79 and a quick ratio of 0.79. The business’s fifty day moving average price is $117.12 and its 200-day moving average price is $98.45.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.59). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. Iron Mountain had a net margin of 3.94% and a return on equity of 595.44%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS. On average, equities analysts predict that Iron Mountain Incorporated will post 4.17 earnings per share for the current year.

Iron Mountain Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 16th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 2.24%. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.65. The ex-dividend date was Monday, September 16th. Iron Mountain’s payout ratio is 366.67%.

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.