Clarius Group LLC Sells 232 Shares of Iron Mountain Incorporated (NYSE:IRM)

Clarius Group LLC decreased its position in Iron Mountain Incorporated (NYSE:IRM) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,972 shares of the financial services provider’s stock after selling 232 shares during the quarter. Clarius Group LLC’s holdings in Iron Mountain were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IRM. Ashton Thomas Securities LLC bought a new position in Iron Mountain in the 3rd quarter worth $31,000. West Branch Capital LLC bought a new position in shares of Iron Mountain in the third quarter worth about $33,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Iron Mountain in the third quarter worth about $36,000. Dunhill Financial LLC lifted its position in shares of Iron Mountain by 50.5% during the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 152 shares during the last quarter. Finally, Quarry LP boosted its stake in Iron Mountain by 86.5% during the 3rd quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 230 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on IRM. Stifel Nicolaus upped their price target on Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Wells Fargo & Company increased their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Barclays cut their price objective on shares of 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 raised Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada upped their price target on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $131.00.

Iron Mountain Trading Down 1.0 %

NYSE IRM opened at $109.19 on Tuesday. Iron Mountain Incorporated has a 1-year low of $65.01 and a 1-year high of $130.24. The stock’s 50 day moving average is $111.19 and its two-hundred day moving average is $112.00. The company has a market capitalization of $32.04 billion, a price-to-earnings ratio of 303.31, a PEG ratio of 5.56 and a beta of 1.02.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.86 annualized dividend and a yield of 2.62%. Iron Mountain’s dividend payout ratio is currently 794.47%.

Insider Buying and Selling at Iron Mountain

In other news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $117.96, for a total value of $1,872,615.00. Following the completion of the transaction, the chief executive officer now owns 295,650 shares in the company, valued at approximately $34,874,874. The trade was a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William L. Meaney sold 15,872 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,016 shares of company stock valued at $13,666,427. 2.10% of the stock is currently owned by company insiders.

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.