Iron Mountain Incorporated (NYSE:IRM) Stake Reduced by SFG Wealth Management LLC.

SFG Wealth Management LLC. trimmed its stake in Iron Mountain Incorporated (NYSE:IRM) by 10.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,322 shares of the financial services provider’s stock after selling 500 shares during the quarter. SFG Wealth Management LLC.’s holdings in Iron Mountain were worth $454,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Iron Mountain in the 3rd quarter worth approximately $31,000. West Branch Capital LLC acquired a new position in Iron Mountain during the 3rd quarter worth $33,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Iron Mountain in the third quarter worth $36,000. Dunhill Financial LLC increased its holdings in shares of Iron Mountain by 50.5% during the third 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 during the period. Finally, Quarry LP raised its stake in shares of 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 purchasing an additional 230 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 69,131 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total value of $7,248,385.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated 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 transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $34,874,874. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,016 shares of company stock worth $13,666,427. Company insiders own 2.10% of the company’s stock.

Iron Mountain Stock Performance

NYSE IRM opened at $109.19 on Monday. The stock has a market capitalization of $32.04 billion, a P/E ratio of 303.31, a P/E/G ratio of 5.56 and a beta of 1.02. The business’s fifty day moving average is $111.35 and its two-hundred day moving average is $111.88. Iron Mountain Incorporated has a 1 year low of $65.01 and a 1 year high of $130.24.

Iron Mountain Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently issued reports on IRM. Wells Fargo & Company increased their target price on shares of Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their target price on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Barclays lowered their price target on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Finally, Stifel Nicolaus upped their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $131.00.

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.