Monument Capital Management Sells 306 Shares of Iron Mountain Incorporated (NYSE:IRM)

Monument Capital Management decreased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 3.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,813 shares of the financial services provider’s stock after selling 306 shares during the quarter. Monument Capital Management’s holdings in Iron Mountain were worth $787,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Cohen & Steers Inc. increased its holdings in Iron Mountain by 202.1% in the fourth quarter. Cohen & Steers Inc. now owns 22,475,614 shares of the financial services provider’s stock valued at $1,572,936,000 after purchasing an additional 15,035,937 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Iron Mountain by 0.7% in the 3rd quarter. Deutsche Bank AG now owns 4,571,545 shares of the financial services provider’s stock valued at $271,778,000 after acquiring an additional 29,683 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Iron Mountain by 60.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock valued at $285,960,000 after acquiring an additional 1,546,592 shares during the period. Norges Bank bought a new position in Iron Mountain during the 4th quarter worth approximately $228,391,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Iron Mountain by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,157,681 shares of the financial services provider’s stock worth $220,975,000 after acquiring an additional 81,741 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Iron Mountain from $89.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Barclays upped their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Finally, Wells Fargo & Company lifted their target price on Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.33.

Iron Mountain Stock Up 1.4 %

IRM stock traded up $1.30 during trading hours on Wednesday, reaching $92.15. 647,272 shares of the stock were exchanged, compared to its average volume of 1,582,701. The firm’s 50-day moving average is $82.81 and its 200-day moving average is $76.36. Iron Mountain Incorporated has a 12 month low of $56.51 and a 12 month high of $92.72. The company has a market cap of $27.01 billion, a price-to-earnings ratio of 137.68, a PEG ratio of 5.31 and a beta of 0.98. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.86 and a quick ratio of 0.86.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be issued a dividend of $0.65 per share. The ex-dividend date is Monday, June 17th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.82%. Iron Mountain’s payout ratio is presently 393.95%.

Insider Activity at Iron Mountain

In other news, EVP Deborah Marson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $78.48, for a total transaction of $156,960.00. Following the completion of the transaction, the executive vice president now directly owns 65,286 shares of the company’s stock, valued at approximately $5,123,645.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Edward Baker-Greene sold 6,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $88.35, for a total transaction of $547,770.00. Following the sale, the executive vice president now owns 11,311 shares in the company, valued at $999,326.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deborah Marson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $78.48, for a total value of $156,960.00. Following the completion of the transaction, the executive vice president now owns 65,286 shares of the company’s stock, valued at $5,123,645.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,053 shares of company stock valued at $8,429,641. 2.10% of the stock is owned by 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.