ORG Partners LLC Purchases 10,006 Shares of Iron Mountain Incorporated (NYSE:IRM)

ORG Partners LLC boosted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 178.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,609 shares of the financial services provider’s stock after purchasing an additional 10,006 shares during the quarter. ORG Partners LLC’s holdings in Iron Mountain were worth $1,641,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of IRM. Ashton Thomas Securities LLC purchased a new stake in Iron Mountain during the 3rd quarter valued at $31,000. West Branch Capital LLC purchased a new stake in shares of Iron Mountain in the third quarter valued at $33,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Iron Mountain in the third quarter valued at $36,000. Dunhill Financial LLC lifted its holdings in shares of Iron Mountain by 50.5% in the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 152 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Iron Mountain by 86.5% during the 3rd quarter. Quarry LP now owns 496 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 230 shares during the period. Institutional investors own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IRM. Barclays reduced their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Stifel Nicolaus upped their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Wells Fargo & Company lifted their target price on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $131.00.

Iron Mountain Stock Down 1.7 %

Iron Mountain stock traded down $1.79 during midday trading on Friday, hitting $101.06. 376,984 shares of the company’s stock were exchanged, compared to its average volume of 1,927,289. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $29.66 billion, a PE ratio of 280.73, a P/E/G ratio of 6.70 and a beta of 1.02. The firm has a 50-day moving average of $113.11 and a two-hundred day moving average of $110.91. Iron Mountain Incorporated has a 12 month low of $64.68 and a 12 month high of $130.24.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were paid 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 2.83%. Iron Mountain’s dividend payout ratio is presently 794.44%.

Insider Activity at Iron Mountain

In other news, CEO William L. Meaney sold 15,872 shares of Iron Mountain stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $117.96, for a total transaction of $1,872,615.00. Following the transaction, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $34,874,874. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,016 shares of company stock valued at $13,666,427 over the last ninety days. 2.10% of the stock is owned by company insiders.

Iron Mountain 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.