Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Trimmed by Prudent Man Advisors LLC

Prudent Man Advisors LLC lowered its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,554 shares of the financial services provider’s stock after selling 227 shares during the period. Prudent Man Advisors LLC’s holdings in Iron Mountain were worth $713,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Compass Wealth Management LLC acquired a new position in shares of Iron Mountain during the 4th quarter valued at $26,000. Barrett & Company Inc. acquired a new position in shares of Iron Mountain in the 2nd quarter worth $28,000. BOKF NA acquired a new position in shares of Iron Mountain in the 1st quarter worth $31,000. Bank of New Hampshire grew its holdings in shares of Iron Mountain by 43.8% in the 2nd quarter. Bank of New Hampshire now owns 575 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 175 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Iron Mountain in the 4th quarter worth $33,000. Institutional investors own 76.94% of the company’s stock.

Insider Activity at Iron Mountain

In related news, COO John Tomovcsik sold 41,859 shares of Iron Mountain stock in a transaction on Monday, September 18th. The stock was sold at an average price of $62.97, for a total transaction of $2,635,861.23. Following the completion of the sale, the chief operating officer now owns 20,455 shares of the company’s stock, valued at $1,288,051.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $60.31, for a total transaction of $120,620.00. Following the completion of the sale, the executive vice president now owns 54,026 shares of the company’s stock, valued at $3,258,308.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO John Tomovcsik sold 41,859 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $62.97, for a total value of $2,635,861.23. Following the completion of the sale, the chief operating officer now directly owns 20,455 shares of the company’s stock, valued at approximately $1,288,051.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,873 shares of company stock valued at $4,098,639. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

IRM has been the topic of a number of recent research reports. UBS Group initiated coverage on Iron Mountain in a report on Tuesday, November 7th. They issued a “sell” rating and a $44.00 target price on the stock. Royal Bank of Canada upgraded Iron Mountain from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $58.00 to $68.00 in a report on Monday, August 21st. Barclays lifted their target price on Iron Mountain from $64.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. Finally, StockNews.com started coverage on Iron Mountain in a report on Thursday, October 5th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Iron Mountain Stock Up 0.8 %

Shares of IRM stock traded up $0.49 on Monday, reaching $62.72. 92,658 shares of the company’s stock traded hands, compared to its average volume of 1,462,945. Iron Mountain Incorporated has a 12-month low of $48.92 and a 12-month high of $64.48. 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 market capitalization of $18.31 billion, a P/E ratio of 65.51, a price-to-earnings-growth ratio of 3.93 and a beta of 0.90. The business’s 50 day moving average price is $60.35 and its two-hundred day moving average price is $59.03.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.60 dividend on an annualized basis and a yield of 4.15%. Iron Mountain’s payout ratio is 273.68%.

About Iron Mountain

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.