Colonial River Investments LLC Sells 225 Shares of Iron Mountain Incorporated (NYSE:IRM)

Colonial River Investments LLC decreased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 2.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,021 shares of the financial services provider’s stock after selling 225 shares during the quarter. Colonial River Investments LLC’s holdings in Iron Mountain were worth $1,072,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IRM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Iron Mountain during the 2nd quarter worth approximately $32,000. West Branch Capital LLC acquired a new stake in shares of Iron Mountain in the 3rd quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Iron Mountain in the 2nd quarter valued at $36,000. Headlands Technologies LLC acquired a new position in shares of Iron Mountain during the 1st quarter worth $38,000. Finally, Family Firm Inc. bought a new stake in shares of Iron Mountain during the 2nd quarter worth $45,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on IRM. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a research report on Wednesday. The Goldman Sachs Group lifted their price target on shares of Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus increased their price objective on shares of Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. raised their target price on shares of Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $129.80.

Iron Mountain Stock Up 2.4 %

NYSE:IRM opened at $119.71 on Friday. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.79. Iron Mountain Incorporated has a one year low of $58.55 and a one year high of $130.24. The firm’s 50 day simple moving average is $119.20 and its 200 day simple moving average is $101.76. The company has a market cap of $35.12 billion, a PE ratio of 332.54, a P/E/G ratio of 6.86 and a beta of 0.99.

Iron Mountain Dividend Announcement

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 paid a $0.715 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.39%. Iron Mountain’s dividend payout ratio is 794.47%.

Insider Activity at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated 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 transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $34,697,484. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Iron Mountain news, EVP Edward Baker-Greene sold 2,262 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total transaction of $248,254.50. Following the completion of the transaction, the executive vice president now owns 9,049 shares in the company, valued at approximately $993,127.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction on Monday, October 7th. The shares were 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 directly owns 295,650 shares in the company, valued at approximately $34,697,484. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,637 shares of company stock worth $3,210,575 over the last three months. Company insiders own 2.10% of the company’s stock.

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.