BSW Wealth Partners Acquires 501 Shares of Iron Mountain Incorporated (NYSE:IRM)

BSW Wealth Partners lifted its stake in Iron Mountain Incorporated (NYSE:IRM) by 22.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,723 shares of the financial services provider’s stock after purchasing an additional 501 shares during the quarter. BSW Wealth Partners’ holdings in Iron Mountain were worth $286,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Iron Mountain during the 3rd quarter valued at $31,000. West Branch Capital LLC bought a new stake in Iron Mountain during the third quarter worth about $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in Iron Mountain during the third quarter worth about $36,000. Dunhill Financial LLC increased its holdings in Iron Mountain by 50.5% in the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after buying an additional 152 shares during the period. Finally, Quarry LP raised its position in shares of 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 buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Trading Up 1.8 %

Shares of IRM stock opened at $100.56 on Thursday. The business’s 50-day moving average price is $109.98 and its 200-day moving average price is $112.50. Iron Mountain Incorporated has a 12 month low of $66.20 and a 12 month high of $130.24. The firm has a market capitalization of $29.51 billion, a price-to-earnings ratio of 279.34, a PEG ratio of 6.05 and a beta of 1.02.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Monday, December 16th. Iron Mountain’s dividend payout ratio (DPR) is currently 794.47%.

Insider Activity

In other Iron Mountain news, CEO William L. Meaney sold 69,131 shares of Iron Mountain stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total transaction of $7,248,385.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their position. 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. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

IRM has been the topic of several analyst reports. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. StockNews.com lowered Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Barclays decreased their target price on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada boosted their target price on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and an average target price of $130.83.

About Iron Mountain

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.