Iron Mountain Incorporated (NYSE:IRM) Shares Bought by Claro Advisors LLC

Claro Advisors LLC lifted its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,717 shares of the financial services provider’s stock after acquiring an additional 103 shares during the quarter. Claro Advisors LLC’s holdings in Iron Mountain were worth $1,986,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new stake in Iron Mountain during the third quarter valued at about $31,000. West Branch Capital LLC purchased a new stake in shares of Iron Mountain in the 3rd quarter valued at approximately $33,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Iron Mountain in the 2nd quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Iron Mountain during the 2nd quarter worth approximately $36,000. Finally, Headlands Technologies LLC acquired a new stake in Iron Mountain during the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other news, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $117.96, for a total transaction of $1,872,615.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $34,874,874. This represents a 5.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Wendy J. Murdock sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 directly owns 14,829 shares in the company, valued at $1,725,799.02. The trade was a 36.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,387 shares of company stock worth $6,971,838 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $114.88 on Friday. The company has a market capitalization of $33.71 billion, a P/E ratio of 319.12, a price-to-earnings-growth ratio of 6.88 and a beta of 0.99. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.75. Iron Mountain Incorporated has a one year low of $61.59 and a one year high of $130.24. The business’s 50-day moving average price is $119.57 and its two-hundred day moving average price is $103.07.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 2.49%. The ex-dividend date is Monday, December 16th. Iron Mountain’s payout ratio is presently 794.47%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays increased their target price on Iron Mountain from $91.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus increased their price objective on Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. lifted their target price on Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price target on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Iron Mountain has a consensus rating of “Buy” and a consensus target price of $129.80.

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.