Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in Iron Mountain Incorporated (NYSE:IRM) by 32.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,579 shares of the financial services provider’s stock after buying an additional 3,849 shares during the quarter. Quantinno Capital Management LP’s holdings in Iron Mountain were worth $1,851,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Iron Mountain in the third quarter worth about $31,000. West Branch Capital LLC acquired a new stake in Iron Mountain in the third quarter worth about $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in Iron Mountain in the third quarter worth about $36,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Iron Mountain in the 2nd quarter valued at about $32,000. Finally, Quarry LP lifted its holdings in 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 acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Activity

In related news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 295,650 shares in the company, valued at approximately $35,173,480.50. This represents a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Wendy J. Murdock sold 8,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total value of $989,230.00. Following the completion of the transaction, the director now owns 14,829 shares in the company, valued at $1,725,799.02. This represents a 36.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,125 shares of company stock worth $6,613,584 in the last 90 days. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Iron Mountain Price Performance

NYSE IRM opened at $113.09 on Thursday. The stock’s 50-day moving average price is $120.42 and its two-hundred day moving average price is $108.03. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. The company has a market cap of $33.19 billion, a PE ratio of 314.14, a PEG ratio of 7.20 and a beta of 0.98. Iron Mountain Incorporated has a 1 year low of $64.68 and a 1 year high of $130.24.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.715 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.53%. Iron Mountain’s dividend payout ratio is 794.44%.

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.