ICA Group Wealth Management LLC Acquires Shares of 2,189 Iron Mountain Incorporated (NYSE:IRM)

ICA Group Wealth Management LLC acquired a new stake in Iron Mountain Incorporated (NYSE:IRM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,189 shares of the financial services provider’s stock, valued at approximately $153,000.

A number of other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of Iron Mountain by 201.7% in the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 242 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Iron Mountain in the fourth quarter valued at about $26,000. CVA Family Office LLC purchased a new stake in shares of Iron Mountain in the fourth quarter valued at about $32,000. Transcendent Capital Group LLC purchased a new stake in shares of Iron Mountain in the fourth quarter valued at about $36,000. Finally, Heritage Wealth Advisors purchased a new stake in shares of Iron Mountain in the fourth quarter valued at about $38,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IRM. Wells Fargo & Company lifted their target price on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Barclays boosted their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Finally, TheStreet downgraded shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Iron Mountain currently has an average rating of “Moderate Buy” and an average target price of $73.80.

Insiders Place Their Bets

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $76.68, for a total transaction of $1,217,295.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $22,670,442. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $76.68, for a total transaction of $1,217,295.00. Following the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $22,670,442. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Kidd sold 4,458 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $80.21, for a total transaction of $357,576.18. Following the sale, the executive vice president now directly owns 62,938 shares in the company, valued at $5,048,256.98. The disclosure for this sale can be found here. Insiders sold a total of 46,209 shares of company stock worth $3,639,643 over the last ninety days. 2.10% of the stock is owned by company insiders.

Iron Mountain Trading Down 0.7 %

IRM stock traded down $0.58 on Monday, hitting $87.44. 70,347 shares of the company were exchanged, compared to its average volume of 1,406,379. Iron Mountain Incorporated has a twelve month low of $53.74 and a twelve month high of $89.91. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.86 and a quick ratio of 0.86. The business’s fifty day moving average is $79.69 and its two-hundred day moving average is $74.43. The stock has a market capitalization of $25.63 billion, a price-to-earnings ratio of 133.37, a price-to-earnings-growth ratio of 5.27 and a beta of 0.95.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.60 annualized dividend and a yield of 2.97%. Iron Mountain’s dividend payout ratio is currently 393.95%.

Iron Mountain 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.