Foster & Motley Inc. Has $442,000 Holdings in Iron Mountain Incorporated (NYSE:IRM)

Foster & Motley Inc. decreased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 19.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,720 shares of the financial services provider’s stock after selling 897 shares during the period. Foster & Motley Inc.’s holdings in Iron Mountain were worth $442,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IRM. Nordea Investment Management AB lifted its position in Iron Mountain by 17.2% in the 1st quarter. Nordea Investment Management AB now owns 24,524 shares of the financial services provider’s stock worth $1,972,000 after buying an additional 3,596 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Iron Mountain by 196.5% during the first quarter. Geneos Wealth Management Inc. now owns 4,681 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 3,102 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Iron Mountain by 69.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 25,552 shares of the financial services provider’s stock worth $2,050,000 after purchasing an additional 10,461 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Iron Mountain by 80.6% during the 1st quarter. Empowered Funds LLC now owns 116,198 shares of the financial services provider’s stock valued at $9,320,000 after buying an additional 51,858 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Iron Mountain by 352.4% in the 1st quarter. SG Americas Securities LLC now owns 139,565 shares of the financial services provider’s stock valued at $11,195,000 after buying an additional 108,712 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Edward Baker-Greene sold 2,262 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total value of $248,254.50. Following the completion of the sale, the executive vice president now owns 9,049 shares in the company, valued at approximately $993,127.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $34,697,484. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward Baker-Greene sold 2,262 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total transaction of $248,254.50. Following the completion of the sale, the executive vice president now directly owns 9,049 shares in the company, valued at approximately $993,127.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,637 shares of company stock valued at $3,210,575. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on IRM shares. Stifel Nicolaus raised their price objective on shares of Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. The Goldman Sachs Group lifted their price objective on shares of Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company upped their price objective 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 raised their target price on Iron Mountain from $91.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their price objective on Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Iron Mountain presently has an average rating of “Buy” and an average target price of $129.80.

Iron Mountain Trading Up 2.2 %

Shares of NYSE:IRM opened at $116.97 on Friday. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.79 and a current ratio of 0.79. The stock’s 50-day moving average is $119.08 and its 200-day moving average is $101.28. The company has a market cap of $34.31 billion, a P/E ratio of 149.96, a P/E/G ratio of 7.33 and a beta of 0.99. Iron Mountain Incorporated has a 52-week low of $58.55 and a 52-week high of $130.24.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 2.45%. The ex-dividend date is Monday, December 16th. Iron Mountain’s dividend payout ratio is currently 366.67%.

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.