Strategic Investment Advisors MI Acquires 255 Shares of Iron Mountain Incorporated (NYSE:IRM)

Strategic Investment Advisors MI increased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,345 shares of the financial services provider’s stock after buying an additional 255 shares during the period. Strategic Investment Advisors MI’s holdings in Iron Mountain were worth $1,087,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Crescent Grove Advisors LLC boosted its holdings in Iron Mountain by 1.6% in the 4th quarter. Crescent Grove Advisors LLC now owns 13,054 shares of the financial services provider’s stock worth $1,381,000 after buying an additional 211 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in Iron Mountain by 12.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 8,906 shares of the financial services provider’s stock worth $936,000 after buying an additional 977 shares during the period. Exchange Traded Concepts LLC lifted its stake in Iron Mountain by 151.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,147 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 5,511 shares in the last quarter. Secure Asset Management LLC boosted its holdings in Iron Mountain by 2.4% in the 4th quarter. Secure Asset Management LLC now owns 5,358 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 127 shares during the period. Finally, Wesbanco Bank Inc. grew its position in shares of Iron Mountain by 17.4% during the 4th quarter. Wesbanco Bank Inc. now owns 2,329 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 345 shares in the last quarter. 80.13% of the stock is owned by institutional investors.

Insider Activity

In other Iron Mountain news, EVP Mithu Bhargava sold 8,263 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 13,054 shares in the company, valued at $1,364,012.46. This represents a 38.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction 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 in the company, valued at $34,874,874. This trade represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,016 shares of company stock valued at $13,666,427 in the last quarter. 2.10% of the stock is currently owned by company insiders.

Iron Mountain Trading Down 0.1 %

Shares of NYSE:IRM opened at $111.17 on Monday. Iron Mountain Incorporated has a 12-month low of $66.20 and a 12-month high of $130.24. The business’s fifty day simple moving average is $110.88 and its 200-day simple moving average is $112.50. The company has a market capitalization of $32.62 billion, a PE ratio of 308.81, a P/E/G ratio of 6.05 and a beta of 1.02.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were issued a $0.715 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.57%. Iron Mountain’s dividend payout ratio (DPR) is presently 794.47%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on IRM shares. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price objective on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their price objective on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Barclays decreased their price objective on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Iron Mountain has an average 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.