Sentry Investment Management LLC Sells 200 Shares of Iron Mountain Incorporated (NYSE:IRM)

Sentry Investment Management LLC lowered its holdings in Iron Mountain Incorporated (NYSE:IRMFree Report) by 10.6% in the third quarter, HoldingsChannel.com reports. The firm owned 1,692 shares of the financial services provider’s stock after selling 200 shares during the quarter. Sentry Investment Management LLC’s holdings in Iron Mountain were worth $101,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IRM. TrinityPoint Wealth LLC lifted its stake in Iron Mountain by 4.0% in the 2nd quarter. TrinityPoint Wealth LLC now owns 4,354 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 168 shares during the last quarter. Bank of New Hampshire increased its position in Iron Mountain by 43.8% in the 2nd quarter. Bank of New Hampshire now owns 575 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 175 shares during the period. J.W. Cole Advisors Inc. increased its position in Iron Mountain by 2.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,429 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 177 shares during the period. Armor Investment Advisors LLC increased its position in Iron Mountain by 1.9% in the 2nd quarter. Armor Investment Advisors LLC now owns 9,996 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 186 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in shares of Iron Mountain by 4.6% during the third quarter. Koshinski Asset Management Inc. now owns 4,293 shares of the financial services provider’s stock worth $255,000 after buying an additional 188 shares during the period. Institutional investors own 76.94% of the company’s stock.

Iron Mountain Trading Down 0.8 %

NYSE:IRM traded down $0.57 during midday trading on Friday, reaching $67.86. 318,954 shares of the stock traded hands, compared to its average volume of 1,326,865. The company has a debt-to-equity ratio of 43.97, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day moving average of $66.68 and a 200 day moving average of $62.79. The stock has a market capitalization of $19.81 billion, a P/E ratio of 71.57, a PEG ratio of 4.23 and a beta of 0.93. Iron Mountain Incorporated has a 12 month low of $48.94 and a 12 month high of $70.66.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 15th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Thursday, December 14th. Iron Mountain’s payout ratio is 273.69%.

Insider Buying and Selling

In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $60.31, for a total transaction of $120,620.00. Following the transaction, the executive vice president now owns 54,026 shares in the company, valued at approximately $3,258,308.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $67.47, for a total transaction of $1,071,086.25. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $19,947,505.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Deborah Marson sold 2,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $60.31, for a total value of $120,620.00. Following the transaction, the executive vice president now owns 54,026 shares in the company, valued at approximately $3,258,308.06. The disclosure for this sale can be found here. Insiders have sold a total of 55,206 shares of company stock worth $3,663,489 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Iron Mountain from $69.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus increased their price objective on shares of Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com began coverage on shares of Iron Mountain in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, UBS Group began coverage on shares of Iron Mountain in a research note on Tuesday, November 7th. They issued a “sell” rating and a $44.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Iron Mountain presently has a consensus rating of “Hold” and a consensus price target of $66.75.

View Our Latest Research Report on Iron Mountain

About Iron Mountain

(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

Want to see what other hedge funds are holding IRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iron Mountain Incorporated (NYSE:IRMFree Report).

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

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