Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its holdings in Iron Mountain Incorporated (NYSE:IRM) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,446 shares of the financial services provider’s stock after selling 2,670 shares during the quarter. Atria Investments Inc’s holdings in Iron Mountain were worth $2,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in IRM. Headlands Technologies LLC purchased a new stake in shares of Iron Mountain during the first quarter valued at $38,000. Koshinski Asset Management Inc. lifted its stake in Iron Mountain by 27.2% during the first quarter. Koshinski Asset Management Inc. now owns 5,310 shares of the financial services provider’s stock valued at $426,000 after buying an additional 1,135 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Iron Mountain by 2.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 321,492 shares of the financial services provider’s stock worth $25,787,000 after buying an additional 7,486 shares during the period. HBK Sorce Advisory LLC purchased a new position in shares of Iron Mountain in the first quarter worth approximately $217,000. Finally, Centersquare Investment Management LLC raised its holdings in shares of Iron Mountain by 7,892.6% during the first quarter. Centersquare Investment Management LLC now owns 1,538,486 shares of the financial services provider’s stock valued at $119,263,000 after acquiring an additional 1,519,237 shares during the period. Institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $118.97, for a total value of $1,888,648.75. Following the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $35,173,480.50. This trade represents a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO John Tomovcsik sold 1,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $110.00, for a total transaction of $110,000.00. Following the sale, the chief operating officer now directly owns 14,000 shares of the company’s stock, valued at approximately $1,540,000. This represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,387 shares of company stock worth $6,971,838 over the last three months. Corporate insiders own 2.10% of the company’s stock.

Iron Mountain Stock Performance

Shares of IRM opened at $113.16 on Friday. The firm has a market cap of $33.21 billion, a price-to-earnings ratio of 314.33, a price-to-earnings-growth ratio of 6.86 and a beta of 0.99. The company’s fifty day moving average is $119.46 and its 200-day moving average is $102.63. 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 12 month low of $61.59 and a 12 month high of $130.24.

Iron Mountain Announces Dividend

The firm also recently announced 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. This represents a $2.86 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, December 16th. Iron Mountain’s payout ratio is 794.44%.

Analyst Ratings Changes

IRM has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of Iron Mountain from $91.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company lifted their target price 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 target on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $129.80.

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.