Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lessened its stake in Iron Mountain Incorporated (NYSE:IRM) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,336 shares of the financial services provider’s stock after selling 1,568 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Iron Mountain were worth $1,507,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IRM. PNC Financial Services Group Inc. increased its stake in shares of Iron Mountain by 2.8% in the third quarter. PNC Financial Services Group Inc. now owns 53,877 shares of the financial services provider’s stock valued at $6,402,000 after purchasing an additional 1,446 shares during the period. Friedenthal Financial acquired a new position in shares of Iron Mountain in the 3rd quarter valued at $824,000. Tidal Investments LLC boosted its position in shares of Iron Mountain by 254.1% in the third quarter. Tidal Investments LLC now owns 20,536 shares of the financial services provider’s stock worth $2,440,000 after buying an additional 14,737 shares during the period. Lord Abbett & CO. LLC acquired a new stake in Iron Mountain during the 3rd quarter worth about $24,122,000. Finally, World Investment Advisors LLC acquired a new position in shares of Iron Mountain in the 3rd quarter valued at about $554,000. 80.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IRM has been the topic of a number of research reports. Stifel Nicolaus upped their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Wells Fargo & Company upped their price objective 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. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Barclays lowered their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $131.00.

Iron Mountain Price Performance

Shares of IRM opened at $105.95 on Thursday. Iron Mountain Incorporated has a 1 year low of $64.68 and a 1 year high of $130.24. The firm has a market cap of $31.09 billion, a PE ratio of 294.31, a PEG ratio of 5.56 and a beta of 1.02. The stock’s fifty day moving average price is $111.87 and its two-hundred day moving average price is $111.50.

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 paid a $0.715 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.70%. Iron Mountain’s dividend payout ratio (DPR) is 794.47%.

Insider Activity

In other news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $117.96, for a total value of $1,872,615.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $34,874,874. The trade was a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William L. Meaney sold 69,131 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total transaction of $7,248,385.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,016 shares of company stock valued at $13,666,427. 2.10% of the stock is currently owned by company insiders.

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.