Iron Mountain Incorporated (NYSE:IRM) Stock Position Trimmed by RFG Advisory LLC

RFG Advisory LLC lowered its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 7.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,926 shares of the financial services provider’s stock after selling 1,141 shares during the period. RFG Advisory LLC’s holdings in Iron Mountain were worth $1,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its position in shares of Iron Mountain by 201.7% during the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after buying an additional 242 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Iron Mountain during the fourth quarter worth about $26,000. CVA Family Office LLC bought a new stake in Iron Mountain in the fourth quarter worth about $32,000. Transcendent Capital Group LLC acquired a new stake in Iron Mountain in the 4th quarter valued at about $36,000. Finally, Heritage Wealth Advisors bought a new position in shares of Iron Mountain during the 4th quarter valued at about $38,000. 80.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Iron Mountain

In related news, EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $78.48, for a total value of $156,960.00. Following the completion of the sale, the executive vice president now owns 65,286 shares of the company’s stock, valued at approximately $5,123,645.28. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Daniel Borges sold 3,095 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $86.83, for a total value of $268,738.85. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $78.48, for a total value of $156,960.00. Following the sale, the executive vice president now directly owns 65,286 shares of the company’s stock, valued at approximately $5,123,645.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,227 shares of company stock worth $5,125,392. 2.10% of the stock is currently owned by company insiders.

Iron Mountain Stock Performance

Shares of Iron Mountain stock opened at $88.86 on Friday. Iron Mountain Incorporated has a 12 month low of $53.74 and a 12 month high of $89.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63. The stock has a market cap of $26.05 billion, a PE ratio of 134.64, a price-to-earnings-growth ratio of 5.26 and a beta of 0.95. The business has a fifty day simple moving average of $80.84 and a 200-day simple moving average of $75.18.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Monday, June 17th. Iron Mountain’s payout ratio is presently 393.95%.

Analyst Ratings Changes

IRM has been the subject of several recent research reports. Barclays increased their target price on shares of Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

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.