Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP reduced its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 21.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,758 shares of the financial services provider’s stock after selling 487 shares during the period. Stevens Capital Management LP’s holdings in Iron Mountain were worth $209,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in IRM. CWM LLC grew its holdings in Iron Mountain by 26.3% during the 2nd quarter. CWM LLC now owns 7,645 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 1,593 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of Iron Mountain by 1.0% in the 2nd quarter. Capital Investment Advisors LLC now owns 27,031 shares of the financial services provider’s stock valued at $2,422,000 after buying an additional 269 shares during the period. Twelve Points Wealth Management LLC boosted its holdings in shares of Iron Mountain by 6.0% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 43,010 shares of the financial services provider’s stock valued at $3,855,000 after buying an additional 2,429 shares during the period. Czech National Bank boosted its holdings in shares of Iron Mountain by 8.7% in the 2nd quarter. Czech National Bank now owns 55,859 shares of the financial services provider’s stock valued at $5,006,000 after buying an additional 4,483 shares during the period. Finally, Nepsis Inc. boosted its holdings in shares of Iron Mountain by 2.2% in the 2nd quarter. Nepsis Inc. now owns 70,251 shares of the financial services provider’s stock valued at $6,296,000 after buying an additional 1,516 shares during the period. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Stock Down 0.4 %

IRM stock opened at $118.36 on Friday. Iron Mountain Incorporated has a 52 week low of $64.66 and a 52 week high of $130.24. The company has a market capitalization of $34.73 billion, a price-to-earnings ratio of 328.78, a price-to-earnings-growth ratio of 7.19 and a beta of 0.98. The firm’s 50-day moving average is $120.66 and its two-hundred day moving average is $106.82. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a dividend of $0.715 per share. The ex-dividend date is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.42%. Iron Mountain’s dividend payout ratio (DPR) is 794.44%.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $117.36, for a total value of $1,863,090.00. Following the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $34,697,484. The trade was a 5.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Wendy J. Murdock sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total transaction of $989,230.00. Following the completion of the sale, the director now owns 14,829 shares in the company, valued at $1,725,799.02. The trade was a 36.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,125 shares of company stock worth $6,613,584. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on IRM shares. Stifel Nicolaus lifted their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Barclays decreased their price target on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Wells Fargo & Company lifted their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Royal Bank of Canada boosted their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $131.00.

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.