Sanctuary Advisors LLC Has $15.37 Million Stock Position in Iron Mountain Incorporated (NYSE:IRM)

Sanctuary Advisors LLC lifted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 284.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 129,034 shares of the financial services provider’s stock after purchasing an additional 95,499 shares during the period. Sanctuary Advisors LLC’s holdings in Iron Mountain were worth $15,368,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Iron Mountain during the 3rd quarter worth approximately $31,000. West Branch Capital LLC acquired a new stake in shares of Iron Mountain during the third quarter worth $33,000. Teachers Insurance & Annuity Association of America bought a new position in Iron Mountain during the third quarter worth $36,000. Dunhill Financial LLC lifted its holdings in Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after buying an additional 152 shares during the period. Finally, Quarry LP boosted its position in Iron Mountain by 86.5% during the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at approximately $34,697,484. This represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William L. Meaney sold 15,872 shares of the stock in a transaction on Wednesday, December 11th. The shares were 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. Insiders have sold 71,997 shares of company stock worth $8,406,961 in the last quarter. Insiders own 2.10% of the company’s stock.

Iron Mountain Stock Performance

Shares of IRM stock opened at $111.90 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. The firm has a fifty day simple moving average of $120.18 and a two-hundred day simple moving average of $108.28. Iron Mountain Incorporated has a 12 month low of $64.68 and a 12 month high of $130.24. The firm has a market capitalization of $32.84 billion, a PE ratio of 310.83, a price-to-earnings-growth ratio of 6.77 and a beta of 0.98.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders 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 dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, December 16th. Iron Mountain’s payout ratio is presently 794.44%.

Analyst Upgrades and Downgrades

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

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.