Sanctuary Advisors LLC Buys 95,499 Shares of Iron Mountain Incorporated (NYSE:IRM)

Sanctuary Advisors LLC increased its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 284.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 129,034 shares of the financial services provider’s stock after buying an additional 95,499 shares during the period. Sanctuary Advisors LLC’s holdings in Iron Mountain were worth $15,368,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of IRM. Ashton Thomas Securities LLC acquired a new stake in shares of Iron Mountain during the third quarter worth $31,000. West Branch Capital LLC bought a new position in Iron Mountain during the third quarter worth about $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in Iron Mountain in the 3rd quarter worth about $36,000. Family Firm Inc. bought a new stake in Iron Mountain in the 2nd quarter valued at about $45,000. Finally, Dunhill Financial LLC grew its position 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 in the last quarter. 80.13% of the stock is owned by institutional investors.

Insider Activity

In other Iron Mountain news, CEO William L. Meaney sold 15,872 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $34,697,484. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,997 shares of company stock worth $8,406,961. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Iron Mountain Price Performance

Shares of IRM stock opened at $111.90 on Friday. The business has a fifty day simple moving average of $120.18 and a 200 day simple moving average of $108.28. The company has a market cap of $32.84 billion, a P/E ratio of 310.83, a P/E/G ratio of 6.77 and a beta of 0.98. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a twelve month low of $64.68 and a twelve month high of $130.24.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.715 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.56%. Iron Mountain’s dividend payout ratio (DPR) is currently 794.44%.

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.