Kingswood Wealth Advisors LLC Has $390,000 Position in Iron Mountain Incorporated (NYSE:IRM)

Kingswood Wealth Advisors LLC lessened its stake in Iron Mountain Incorporated (NYSE:IRM) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,865 shares of the financial services provider’s stock after selling 421 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Iron Mountain were worth $390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake 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 worth $25,000 after acquiring an additional 242 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Iron Mountain during the 4th quarter worth about $26,000. CVA Family Office LLC acquired a new stake in shares of Iron Mountain during the 4th quarter valued at about $32,000. Transcendent Capital Group LLC bought a new stake in shares of Iron Mountain in the 4th quarter valued at approximately $36,000. Finally, Heritage Wealth Advisors acquired a new position in Iron Mountain in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays boosted their target price on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Wells Fargo & Company raised 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. Finally, The Goldman Sachs Group boosted their price target on Iron Mountain from $89.00 to $101.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.33.

Iron Mountain Stock Up 0.9 %

Iron Mountain stock opened at $89.22 on Friday. The firm has a market cap of $26.15 billion, a price-to-earnings ratio of 135.18, a P/E/G ratio of 5.25 and a beta of 0.95. The firm has a fifty day moving average price of $81.96 and a two-hundred day moving average price of $75.76. Iron Mountain Incorporated has a fifty-two week low of $54.91 and a fifty-two week 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.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, June 17th. This represents a $2.60 annualized dividend and a yield of 2.91%. Iron Mountain’s payout ratio is 393.94%.

Insider Buying and Selling at Iron Mountain

In other news, COO John Tomovcsik sold 35,084 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $88.76, for a total value of $3,114,055.84. Following the completion of the sale, the chief operating officer now directly owns 20,366 shares of the company’s stock, valued at $1,807,686.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO John Tomovcsik sold 35,084 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $88.76, for a total transaction of $3,114,055.84. Following the transaction, the chief operating officer now directly owns 20,366 shares in the company, valued at $1,807,686.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Edward Baker-Greene sold 6,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $88.35, for a total value of $547,770.00. Following the completion of the sale, the executive vice president now owns 11,311 shares of the company’s stock, valued at approximately $999,326.85. The disclosure for this sale can be found here. Insiders have sold 104,511 shares of company stock valued at $8,787,218 in the last 90 days. 2.10% of the stock is currently owned by insiders.

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.