Iron Mountain Incorporated (NYSE:IRM) Shares Sold by EWG Elevate Inc.

EWG Elevate Inc. reduced its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,842 shares of the financial services provider’s stock after selling 220 shares during the quarter. EWG Elevate Inc.’s holdings in Iron Mountain were worth $614,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of IRM. Ashton Thomas Securities LLC acquired a new stake in Iron Mountain in the 3rd quarter worth about $31,000. West Branch Capital LLC purchased a new position in shares of Iron Mountain in the third quarter valued at approximately $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Iron Mountain in the third quarter worth approximately $36,000. Dunhill Financial LLC increased its position 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 worth $54,000 after purchasing an additional 152 shares in the last quarter. Finally, Quarry LP raised its stake in Iron Mountain by 86.5% in the 3rd 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 last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Stock Down 1.6 %

Shares of Iron Mountain stock opened at $101.21 on Monday. Iron Mountain Incorporated has a one year low of $64.68 and a one year high of $130.24. The company has a market cap of $29.70 billion, a P/E ratio of 281.15, a PEG ratio of 6.70 and a beta of 1.02. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a fifty day moving average of $112.71 and a two-hundred day moving average of $111.31.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Monday, December 16th. Iron Mountain’s dividend payout ratio (DPR) is 794.44%.

Insider Buying and Selling

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $118.97, for a total value of $1,888,648.75. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $35,173,480.50. The trade was a 5.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 have sold 125,016 shares of company stock valued at $13,666,427. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on IRM. Wells Fargo & Company upped their target price on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their target price 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. Barclays cut their price target on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Finally, Stifel Nicolaus upped their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $131.00.

Iron Mountain Company 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.