FDx Advisors Inc. Has $242,000 Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

FDx Advisors Inc. trimmed its holdings in Iron Mountain Incorporated (NYSE:IRM) by 23.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,012 shares of the financial services provider’s stock after selling 936 shares during the quarter. FDx Advisors Inc.’s holdings in Iron Mountain were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Checchi Capital Advisers LLC raised its stake in Iron Mountain by 1.6% during the 1st quarter. Checchi Capital Advisers LLC now owns 9,097 shares of the financial services provider’s stock worth $730,000 after buying an additional 146 shares during the period. Chesley Taft & Associates LLC increased its holdings in Iron Mountain by 1.0% during the 1st quarter. Chesley Taft & Associates LLC now owns 14,650 shares of the financial services provider’s stock worth $1,175,000 after purchasing an additional 150 shares in the last quarter. Crown Wealth Group LLC increased its holdings in Iron Mountain by 3.5% during the 1st quarter. Crown Wealth Group LLC now owns 4,543 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 153 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Iron Mountain by 1.7% during the 4th quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 156 shares in the last quarter. Finally, Strategic Blueprint LLC increased its holdings in Iron Mountain by 4.4% during the 1st quarter. Strategic Blueprint LLC now owns 3,786 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 161 shares in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $91.59, for a total transaction of $1,453,991.25. Following the sale, the chief executive officer now owns 295,650 shares in the company, valued at $27,078,583.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Iron Mountain news, CAO Daniel Borges sold 3,095 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $86.83, for a total transaction of $268,738.85. The transaction 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 firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $91.59, for a total value of $1,453,991.25. Following the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at $27,078,583.50. The disclosure for this sale can be found here. Insiders have sold a total of 113,928 shares of company stock worth $9,726,673 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

IRM has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on Iron Mountain from $89.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Wells Fargo & Company upped their target price on Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, Stifel Nicolaus upped their target price on Iron Mountain from $86.00 to $103.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.83.

Iron Mountain Price Performance

Shares of NYSE IRM opened at $94.52 on Friday. The stock has a fifty day simple moving average of $84.96 and a two-hundred day simple moving average of $77.43. Iron Mountain Incorporated has a 1-year low of $56.51 and a 1-year high of $97.50. The firm has a market cap of $27.71 billion, a price-to-earnings ratio of 143.21, a price-to-earnings-growth ratio of 5.64 and a beta of 0.98. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 674.63.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $2.60 annualized dividend and a dividend yield of 2.75%. Iron Mountain’s dividend payout ratio is currently 393.95%.

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.