Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 19.4% in the 3rd quarter, Holdings Channel reports. The fund owned 18,725 shares of the financial services provider’s stock after selling 4,521 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Iron Mountain were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of IRM. Ashton Thomas Securities LLC purchased a new position in shares of Iron Mountain during the 3rd quarter valued at approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Iron Mountain in the second quarter valued at $32,000. West Branch Capital LLC acquired a new position in shares of Iron Mountain in the third quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Iron Mountain during the 2nd quarter worth about $36,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Iron Mountain during the 1st quarter valued at about $38,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Trading Up 1.6 %

Shares of IRM opened at $114.88 on Friday. Iron Mountain Incorporated has a 52-week low of $61.59 and a 52-week high of $130.24. The stock has a market cap of $33.71 billion, a PE ratio of 319.12, a price-to-earnings-growth ratio of 6.95 and a beta of 0.99. The firm’s fifty day moving average is $119.57 and its two-hundred day moving average is $103.07. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 674.63.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 annualized dividend and a yield of 2.49%. Iron Mountain’s dividend payout ratio is presently 794.47%.

Wall Street Analyst Weigh In

IRM has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company boosted their price target 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. The Goldman Sachs Group increased their price objective on shares of Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $129.80.

Insider Buying and Selling at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $117.36, for a total value of $1,863,090.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $34,697,484. This trade represents a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wendy J. Murdock sold 8,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total value of $989,230.00. Following the transaction, the director now directly owns 14,829 shares in the company, valued at $1,725,799.02. This trade represents a 36.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,387 shares of company stock worth $6,971,838. Insiders own 2.10% of the company’s stock.

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.