Optimum Investment Advisors Takes $60,000 Position in Iron Mountain Incorporated (NYSE:IRM)

Optimum Investment Advisors bought a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 750 shares of the financial services provider’s stock, valued at approximately $60,000.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. increased 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 valued at $25,000 after purchasing an additional 242 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Iron Mountain in the 4th quarter worth about $26,000. CVA Family Office LLC purchased a new stake in Iron Mountain in the 4th quarter worth about $32,000. Transcendent Capital Group LLC purchased a new stake in Iron Mountain in the 4th quarter worth about $36,000. Finally, Heritage Wealth Advisors purchased a new stake in Iron Mountain in the 4th quarter worth about $38,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IRM shares. Barclays lifted their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Wells Fargo & Company lifted their price objective on Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.80.

Iron Mountain Stock Up 0.0 %

IRM stock opened at $88.86 on Friday. 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 firm has a market capitalization of $26.05 billion, a PE ratio of 134.64, a PEG ratio of 5.26 and a beta of 0.95. Iron Mountain Incorporated has a twelve month low of $53.74 and a twelve month high of $89.91. The stock has a 50-day simple moving average of $80.84 and a two-hundred day simple moving average of $75.18.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be issued 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%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Greg W. Mcintosh sold 13,923 shares of Iron Mountain stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $87.41, for a total transaction of $1,217,009.43. Following the completion of the transaction, the executive vice president now owns 18,107 shares of the company’s stock, valued at approximately $1,582,732.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Greg W. Mcintosh sold 13,923 shares of Iron Mountain stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $87.41, for a total transaction of $1,217,009.43. Following the completion of the sale, the executive vice president now owns 18,107 shares in the company, valued at approximately $1,582,732.87. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $78.48, for a total value of $156,960.00. Following the sale, the executive vice president now 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. Insiders sold 63,227 shares of company stock valued at $5,125,392 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.

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.