Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC reduced its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,619 shares of the financial services provider’s stock after selling 106 shares during the period. Pathway Financial Advisers LLC’s holdings in Iron Mountain were worth $1,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IRM. Ashton Thomas Securities LLC purchased a new stake in shares of Iron Mountain in the third quarter valued at $31,000. West Branch Capital LLC acquired a new position in Iron Mountain in the 3rd quarter valued at about $33,000. Teachers Insurance & Annuity Association of America purchased a new position in Iron Mountain in the 3rd quarter valued at about $36,000. Dunhill Financial LLC boosted its stake 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, Oakworth Capital Inc. purchased a new stake in shares of Iron Mountain during the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 15,872 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total transaction of $1,793,377.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the completion of the transaction, the executive vice president now owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. This represents a 38.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,391 shares of company stock worth $16,805,912 over the last quarter. 2.10% of the stock is owned by corporate insiders.

Iron Mountain Stock Down 3.2 %

Iron Mountain stock opened at $102.85 on Thursday. The firm has a fifty day moving average of $106.40 and a 200-day moving average of $112.85. Iron Mountain Incorporated has a 52-week low of $66.20 and a 52-week high of $130.24. The firm has a market capitalization of $30.18 billion, a P/E ratio of 285.70, a PEG ratio of 5.84 and a beta of 1.01.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a $0.785 dividend. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a yield of 3.05%. Iron Mountain’s dividend payout ratio (DPR) is 794.47%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Barclays decreased their price objective on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. StockNews.com downgraded Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, January 28th. Royal Bank of Canada lifted 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. Finally, BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.17.

Iron Mountain 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.