Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC cut its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 12.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,607 shares of the financial services provider’s stock after selling 1,180 shares during the period. Foundations Investment Advisors LLC’s holdings in Iron Mountain were worth $905,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, CEO William L. Meaney sold 15,872 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the firm’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 directly owns 295,650 shares of the company’s stock, valued at approximately $34,874,874. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,016 shares of company stock worth $13,666,427. Corporate insiders own 2.10% of the company’s stock.

Iron Mountain Trading Up 1.8 %

NYSE:IRM opened at $100.56 on Thursday. Iron Mountain Incorporated has a 1-year low of $66.20 and a 1-year high of $130.24. The stock has a market capitalization of $29.51 billion, a PE ratio of 279.34, a P/E/G ratio of 6.05 and a beta of 1.02. The firm has a fifty day simple moving average of $109.98 and a 200 day simple moving average of $112.50.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Monday, December 16th. Iron Mountain’s dividend payout ratio is 794.47%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. StockNews.com lowered Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their target price on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Barclays reduced their price target on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.83.

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.