American Assets Capital Advisers LLC Sells 67,216 Shares of Iron Mountain Incorporated (NYSE:IRM)

American Assets Capital Advisers LLC lowered its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 92.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,318 shares of the financial services provider’s stock after selling 67,216 shares during the period. American Assets Capital Advisers LLC’s holdings in Iron Mountain were worth $632,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Iron Mountain by 69.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 25,552 shares of the financial services provider’s stock worth $2,050,000 after buying an additional 10,461 shares during the period. Atomi Financial Group Inc. bought a new stake in Iron Mountain in the first quarter valued at approximately $224,000. Meeder Advisory Services Inc. purchased a new stake in shares of Iron Mountain during the first quarter valued at approximately $215,000. Headlands Technologies LLC bought a new position in shares of Iron Mountain in the first quarter worth approximately $38,000. Finally, Bleakley Financial Group LLC increased its stake in shares of Iron Mountain by 2.2% in the first quarter. Bleakley Financial Group LLC now owns 16,565 shares of the financial services provider’s stock worth $1,329,000 after buying an additional 353 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on IRM shares. BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upped their price target on Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus increased their price objective on Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Wells Fargo & Company upped their target price on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Barclays lifted their price target on shares of Iron Mountain from $91.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Iron Mountain has a consensus rating of “Buy” and a consensus price target of $129.80.

Insider Activity

In related news, EVP Edward Baker-Greene sold 2,262 shares of Iron Mountain stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total transaction of $248,254.50. Following the completion of the transaction, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at $993,127.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Iron Mountain news, EVP Edward Baker-Greene sold 2,262 shares of Iron Mountain stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total transaction of $248,254.50. Following the completion of the transaction, the executive vice president now owns 9,049 shares in the company, valued at approximately $993,127.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $117.36, for a total value of $1,863,090.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $34,697,484. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,637 shares of company stock worth $3,210,575. Corporate insiders own 2.10% of the company’s stock.

Iron Mountain Stock Down 0.9 %

Shares of NYSE:IRM traded down $1.10 during trading on Tuesday, hitting $116.34. The stock had a trading volume of 351,870 shares, compared to its average volume of 1,602,504. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a 12 month low of $58.55 and a 12 month high of $130.24. The company has a market capitalization of $34.14 billion, a PE ratio of 322.37, a PEG ratio of 7.17 and a beta of 0.99. The firm’s fifty day moving average is $119.29 and its 200 day moving average is $102.21.

Iron Mountain Announces Dividend

The company also recently disclosed 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 2.46%. The ex-dividend date is Monday, December 16th. Iron Mountain’s dividend payout ratio is currently 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.