SG Americas Securities LLC Sells 30,272 Shares of Iron Mountain Incorporated (NYSE:IRM)

SG Americas Securities LLC lessened its holdings in Iron Mountain Incorporated (NYSE:IRM) by 85.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,956 shares of the financial services provider’s stock after selling 30,272 shares during the quarter. SG Americas Securities LLC’s holdings in Iron Mountain were worth $521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IRM. Ashton Thomas Securities LLC purchased a new position in shares of Iron Mountain in the third quarter worth about $31,000. West Branch Capital LLC bought a new position in Iron Mountain during the 3rd quarter worth approximately $33,000. Teachers Insurance & Annuity Association of America purchased a new position in Iron Mountain in the 3rd quarter worth approximately $36,000. Dunhill Financial LLC lifted its position in Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 152 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Iron Mountain by 86.5% during the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 230 shares during the period. 80.13% of the stock is owned by institutional investors.

Iron Mountain Price Performance

Shares of IRM opened at $101.37 on Friday. Iron Mountain Incorporated has a one year low of $66.20 and a one year high of $130.24. The company has a 50-day simple moving average of $109.28 and a two-hundred day simple moving average of $112.45. The firm has a market capitalization of $29.75 billion, a PE ratio of 281.58, a price-to-earnings-growth ratio of 5.53 and a beta of 1.02.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were given a dividend of $0.715 per share. The ex-dividend date was Monday, December 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.82%. Iron Mountain’s dividend payout ratio is presently 794.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IRM shares. StockNews.com lowered shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank of Canada boosted their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company increased their target price on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Barclays reduced their price target on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Iron Mountain currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.83.

Insider Buying and Selling

In other Iron Mountain news, EVP Mithu Bhargava sold 8,263 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $104.49, for a total transaction of $863,400.87. Following the completion of the transaction, the executive vice president now owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. This trade represents a 38.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $117.96, for a total value of $1,872,615.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $34,874,874. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,016 shares of company stock valued at $13,666,427 over the last ninety days. Company insiders own 2.10% of the company’s stock.

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.