Investors Research Corp Sells 2,725 Shares of Iron Mountain Incorporated (NYSE:IRM)

Investors Research Corp decreased its holdings in Iron Mountain Incorporated (NYSE:IRMFree Report) by 39.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,229 shares of the financial services provider’s stock after selling 2,725 shares during the quarter. Investors Research Corp’s holdings in Iron Mountain were worth $251,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC increased its stake in shares of Iron Mountain by 92.2% in the 3rd quarter. Harbor Investment Advisory LLC now owns 417 shares of the financial services provider’s stock valued at $25,000 after buying an additional 200 shares during the period. First Capital Advisors Group LLC. acquired a new stake in shares of Iron Mountain in the 2nd quarter valued at $25,000. Hanson & Doremus Investment Management acquired a new stake in shares of Iron Mountain in the 3rd quarter valued at $28,000. Barrett & Company Inc. acquired a new stake in shares of Iron Mountain in the 2nd quarter valued at $28,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of Iron Mountain in the 4th quarter valued at $26,000. Institutional investors own 76.94% of the company’s stock.

Analyst Upgrades and Downgrades

IRM has been the subject of a number of analyst reports. UBS Group initiated coverage on Iron Mountain in a research note on Tuesday, November 7th. They set a “sell” rating and a $44.00 price objective for the company. StockNews.com initiated coverage on Iron Mountain in a research note on Thursday, October 5th. They set a “hold” rating for the company.

Get Our Latest Report on Iron Mountain

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 11,376 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $69.90, for a total value of $795,182.40. Following the completion of the transaction, the executive vice president now directly owns 42,739 shares of the company’s stock, valued at $2,987,456.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $67.47, for a total value of $1,071,086.25. Following the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $19,947,505.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark Kidd sold 11,376 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $69.90, for a total value of $795,182.40. Following the completion of the sale, the executive vice president now owns 42,739 shares in the company, valued at $2,987,456.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,206 shares of company stock valued at $3,663,489. Company insiders own 2.20% of the company’s stock.

Iron Mountain Stock Down 1.5 %

NYSE:IRM opened at $65.34 on Thursday. Iron Mountain Incorporated has a 1 year low of $48.94 and a 1 year high of $70.66. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 43.97. The stock has a market cap of $19.08 billion, a price-to-earnings ratio of 68.78, a PEG ratio of 4.19 and a beta of 0.93. The stock has a 50-day moving average price of $65.89 and a two-hundred day moving average price of $62.43.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 15th were paid a $0.65 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.60 dividend on an annualized basis and a yield of 3.98%. Iron Mountain’s payout ratio is 273.69%.

Iron Mountain Profile

(Free Report)

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work.

Further Reading

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

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