Curi RMB Capital LLC Has $453,000 Holdings in Iron Mountain Incorporated (NYSE:IRM)

Curi RMB Capital LLC decreased its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 9.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,814 shares of the financial services provider’s stock after selling 391 shares during the quarter. Curi RMB Capital LLC’s holdings in Iron Mountain were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of IRM. Assenagon Asset Management S.A. increased its stake in Iron Mountain by 0.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider’s stock valued at $1,351,000 after buying an additional 92 shares during the last quarter. Schmidt P J Investment Management Inc. grew its holdings in shares of Iron Mountain by 3.6% in the third quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 100 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of Iron Mountain by 2.6% during the third quarter. Raleigh Capital Management Inc. now owns 4,303 shares of the financial services provider’s stock valued at $511,000 after acquiring an additional 107 shares during the last quarter. Csenge Advisory Group lifted its holdings in Iron Mountain by 1.2% during the second quarter. Csenge Advisory Group now owns 9,515 shares of the financial services provider’s stock worth $853,000 after acquiring an additional 114 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Iron Mountain by 2.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,241 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 117 shares during the period. Institutional investors own 80.13% of the company’s stock.

Insiders Place Their Bets

In other Iron Mountain news, COO John Tomovcsik sold 1,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $110.00, for a total value of $110,000.00. Following the sale, the chief operating officer now directly owns 14,000 shares in the company, valued at $1,540,000. This represents a 6.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Edward Baker-Greene sold 2,262 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total transaction of $248,254.50. Following the transaction, the executive vice president now owns 9,049 shares of the company’s stock, valued at $993,127.75. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,387 shares of company stock worth $6,971,838 in the last quarter. 2.10% of the stock is owned by company insiders.

Iron Mountain Trading Up 1.6 %

NYSE:IRM opened at $114.88 on Friday. Iron Mountain Incorporated has a 1 year low of $61.59 and a 1 year high of $130.24. The stock’s fifty day moving average price is $119.57 and its two-hundred day moving average price is $103.07. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $33.71 billion, a P/E ratio of 319.12, a P/E/G ratio of 6.95 and a beta of 0.99.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a dividend of $0.715 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a yield of 2.49%. Iron Mountain’s dividend payout ratio (DPR) is 794.47%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IRM shares. Wells Fargo & Company raised their target price on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Barclays lifted their price objective on shares of Iron Mountain from $91.00 to $133.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on shares of Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus lifted 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. Finally, BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Iron Mountain presently has a consensus rating of “Buy” and an average target price of $129.80.

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.