Premier Path Wealth Partners LLC Raises Position in Iron Mountain Incorporated (NYSE:IRM)

Premier Path Wealth Partners LLC grew its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 3.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,844 shares of the financial services provider’s stock after purchasing an additional 106 shares during the period. Premier Path Wealth Partners LLC’s holdings in Iron Mountain were worth $299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. OneDigital Investment Advisors LLC raised its holdings in Iron Mountain by 1.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider’s stock valued at $711,000 after buying an additional 89 shares during the period. Assenagon Asset Management S.A. increased its position in Iron Mountain by 0.8% during the third quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider’s stock valued at $1,351,000 after acquiring an additional 92 shares during the last quarter. Geller Advisors LLC raised its stake in shares of Iron Mountain by 2.9% in the third quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 96 shares during the period. Schmidt P J Investment Management Inc. lifted its holdings in shares of Iron Mountain by 3.6% in the 3rd quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 100 shares during the last quarter. Finally, Claro Advisors LLC boosted its stake in shares of Iron Mountain by 0.6% during the 3rd quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider’s stock worth $1,986,000 after purchasing an additional 103 shares during the period. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Performance

NYSE IRM opened at $109.19 on Friday. The company has a market cap of $32.04 billion, a PE ratio of 303.31, a P/E/G ratio of 5.56 and a beta of 1.02. Iron Mountain Incorporated has a 52-week low of $65.01 and a 52-week high of $130.24. The firm’s 50 day moving average price is $111.35 and its 200-day moving average price is $111.74.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were issued a $0.715 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.62%. Iron Mountain’s dividend payout ratio is presently 794.47%.

Wall Street Analyst Weigh In

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

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $118.97, for a total transaction of $1,888,648.75. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 69,131 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total value of $7,248,385.35. The disclosure for this sale can be found here. In the last three months, insiders sold 125,016 shares of company stock valued at $13,666,427. Corporate insiders own 2.10% of the company’s stock.

Iron Mountain Company 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.