Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC reduced its stake in Iron Mountain Incorporated (NYSE:IRM) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,283 shares of the financial services provider’s stock after selling 172 shares during the period. Capital Investment Advisory Services LLC’s holdings in Iron Mountain were worth $871,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Iron Mountain during the third quarter valued at about $31,000. West Branch Capital LLC acquired a new stake in shares of Iron Mountain during the third quarter valued at about $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Iron Mountain during the third quarter valued at about $36,000. Dunhill Financial LLC grew its stake in shares of Iron Mountain by 50.5% during the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 152 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Iron Mountain by 86.5% during the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 230 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Stock Up 1.7 %

Shares of IRM stock opened at $102.33 on Friday. The business has a 50 day moving average of $109.64 and a two-hundred day moving average of $112.42. Iron Mountain Incorporated has a 52 week low of $66.20 and a 52 week high of $130.24. The company has a market cap of $30.03 billion, a P/E ratio of 284.26, a PEG ratio of 6.05 and a beta of 1.02.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a $0.715 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a yield of 2.79%. Iron Mountain’s payout ratio is currently 794.44%.

Wall Street Analyst Weigh In

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

Insider Transactions at Iron Mountain

In other news, EVP Mithu Bhargava sold 8,263 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the completion of the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction that occurred on 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. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,016 shares of company stock worth $13,666,427. Company insiders own 2.10% of the company’s stock.

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.