RFG Advisory LLC Has $1.49 Million Position in Iron Mountain Incorporated (NYSE:IRM)

RFG Advisory LLC cut its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 3.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,178 shares of the financial services provider’s stock after selling 553 shares during the quarter. RFG Advisory LLC’s holdings in Iron Mountain were worth $1,490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Iron Mountain during the 3rd quarter worth approximately $31,000. West Branch Capital LLC bought a new position in Iron Mountain in the third quarter worth $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in Iron Mountain during the third quarter worth $36,000. Dunhill Financial LLC increased its holdings in Iron Mountain by 50.5% in the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after buying an additional 152 shares during the period. Finally, Quarry LP raised its stake in shares of Iron Mountain by 86.5% in the 3rd quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after buying an additional 230 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Trading Down 0.1 %

NYSE:IRM opened at $111.17 on Friday. The stock has a market capitalization of $32.62 billion, a P/E ratio of 308.81, a price-to-earnings-growth ratio of 6.05 and a beta of 1.02. Iron Mountain Incorporated has a 1 year low of $66.20 and a 1 year high of $130.24. The firm has a 50 day moving average of $110.88 and a 200-day moving average of $112.37.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Monday, December 16th. Iron Mountain’s dividend payout ratio is currently 794.47%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IRM shares. Barclays decreased their target price 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. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company increased their target price on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada boosted their price target on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $131.00.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,872 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $118.97, for a total value of $1,888,648.75. Following the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $35,173,480.50. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,016 shares of company stock worth $13,666,427. Insiders own 2.10% of the company’s stock.

About Iron Mountain

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.