Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC increased its position in shares of Iron Mountain Incorporated (NYSE:IRMFree Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,092 shares of the financial services provider’s stock after purchasing an additional 214 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Iron Mountain were worth $430,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its position in shares of Iron Mountain by 1.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider’s stock worth $711,000 after buying an additional 89 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Iron Mountain by 0.8% in the third quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider’s stock valued at $1,351,000 after purchasing an additional 92 shares during the last quarter. Geller Advisors LLC increased its stake in shares of Iron Mountain by 2.9% during the 3rd quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 96 shares in the last quarter. Schmidt P J Investment Management Inc. lifted its stake in Iron Mountain by 3.6% in the 3rd quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider’s stock valued at $340,000 after buying an additional 100 shares in the last quarter. Finally, Claro Advisors LLC grew its holdings in Iron Mountain by 0.6% during the 3rd quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider’s stock valued at $1,986,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mithu Bhargava sold 8,263 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the transaction, the executive vice president now owns 13,054 shares in the company, valued at $1,364,012.46. This represents a 38.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total transaction of $7,248,385.35. The disclosure for this sale can be found here. Insiders have sold 125,016 shares of company stock worth $13,666,427 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Iron Mountain Stock Up 1.1 %

Shares of NYSE IRM opened at $111.23 on Friday. The stock has a market cap of $32.64 billion, a P/E ratio of 308.98, a P/E/G ratio of 6.10 and a beta of 1.02. The firm’s 50-day simple moving average is $110.96 and its 200 day simple moving average is $112.11. Iron Mountain Incorporated has a fifty-two week low of $66.20 and a fifty-two week high of $130.24.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.57%. Iron Mountain’s dividend payout ratio (DPR) is 794.47%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Barclays lowered their target price on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Finally, Wells Fargo & Company raised their price objective on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Iron Mountain has an average rating of “Buy” and an average price target of $131.00.

View Our Latest Research Report on IRM

About Iron Mountain

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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