3,010 Shares in Iron Mountain Incorporated (NYSE:IRM) Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC bought a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,010 shares of the financial services provider’s stock, valued at approximately $358,000.

Other hedge funds also recently modified their holdings of the company. Townsquare Capital LLC lifted its holdings in Iron Mountain by 72.9% in the third quarter. Townsquare Capital LLC now owns 10,129 shares of the financial services provider’s stock valued at $1,204,000 after buying an additional 4,271 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Iron Mountain by 2.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 209,648 shares of the financial services provider’s stock valued at $24,912,000 after acquiring an additional 4,150 shares during the last quarter. Associated Banc Corp acquired a new position in shares of Iron Mountain in the 3rd quarter valued at $1,053,000. Horizon Kinetics Asset Management LLC grew its stake in shares of Iron Mountain by 42.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 34,450 shares of the financial services provider’s stock worth $4,094,000 after purchasing an additional 10,350 shares during the period. Finally, Loomis Sayles & Co. L P increased its holdings in Iron Mountain by 3,253.8% in the third quarter. Loomis Sayles & Co. L P now owns 872 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 846 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In other news, Director Wendy J. Murdock sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total value of $989,230.00. Following the completion of the transaction, the director now owns 14,829 shares in the company, valued at $1,725,799.02. This trade represents a 36.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at $35,173,480.50. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,125 shares of company stock valued at $6,613,584. 2.10% of the stock is owned by insiders.

Iron Mountain Trading Down 1.7 %

IRM opened at $121.59 on Tuesday. The firm’s fifty day simple moving average is $120.59 and its 200 day simple moving average is $106.19. The stock has a market capitalization of $35.68 billion, a P/E ratio of 337.75, a P/E/G ratio of 7.44 and a beta of 0.99. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a 12 month low of $64.66 and a 12 month high of $130.24.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a dividend of $0.715 per share. The ex-dividend date is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.35%. Iron Mountain’s payout ratio is presently 794.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays decreased their target price on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Stifel Nicolaus upped their price objective on shares of Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, Wells Fargo & Company raised their price objective on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $131.00.

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.