Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc reduced its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 595 shares of the financial services provider’s stock after selling 180 shares during the period. Sawyer & Company Inc’s holdings in Iron Mountain were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IRM. Ashton Thomas Securities LLC purchased a new stake in shares of Iron Mountain during the third quarter worth $31,000. West Branch Capital LLC acquired a new stake in Iron Mountain in the 3rd quarter valued at about $33,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Iron Mountain in the 3rd quarter valued at about $36,000. Dunhill Financial LLC grew its position 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 worth $54,000 after buying an additional 152 shares in the last quarter. Finally, Quarry LP increased 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 worth $59,000 after buying an additional 230 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Iron Mountain news, EVP Mithu Bhargava sold 8,263 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $104.49, for a total transaction of $863,400.87. Following the transaction, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. This trade represents a 38.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 valued at $13,666,427 in the last ninety days. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Iron Mountain Stock Performance

Iron Mountain stock opened at $105.95 on Thursday. The stock has a 50-day simple moving average of $111.87 and a 200-day simple moving average of $111.50. The company has a market capitalization of $31.09 billion, a P/E ratio of 294.31, a PEG ratio of 5.56 and a beta of 1.02. Iron Mountain Incorporated has a fifty-two week low of $64.68 and a fifty-two week high of $130.24.

Iron Mountain Dividend Announcement

The firm also recently announced 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 was Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.70%. Iron Mountain’s dividend payout ratio (DPR) is presently 794.47%.

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.