Iron Mountain Incorporated (NYSE:IRM) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 48.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,494 shares of the financial services provider’s stock after selling 14,334 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Iron Mountain were worth $1,843,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Iron Mountain by 2.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 53,877 shares of the financial services provider’s stock worth $6,402,000 after purchasing an additional 1,446 shares during the last quarter. Friedenthal Financial acquired a new position in Iron Mountain in the third quarter valued at approximately $824,000. Oppenheimer & Co. Inc. lifted its holdings in Iron Mountain by 36.1% in the third quarter. Oppenheimer & Co. Inc. now owns 19,192 shares of the financial services provider’s stock valued at $2,281,000 after acquiring an additional 5,086 shares during the last quarter. Goldstone Financial Group LLC acquired a new position in Iron Mountain in the third quarter valued at approximately $540,000. Finally, Entropy Technologies LP lifted its holdings in Iron Mountain by 270.9% in the third quarter. Entropy Technologies LP now owns 28,542 shares of the financial services provider’s stock valued at $3,392,000 after acquiring an additional 20,846 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IRM shares. Royal Bank of Canada upped their price objective on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus boosted their target price on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Barclays cut their target price on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Finally, Wells Fargo & Company boosted their target price on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $131.00.

Iron Mountain Stock Down 0.9 %

Iron Mountain stock opened at $111.90 on Monday. Iron Mountain Incorporated has a twelve month low of $64.68 and a twelve month high of $130.24. The stock’s fifty day simple moving average is $120.18 and its 200-day simple moving average is $108.69. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. The firm has a market capitalization of $32.84 billion, a P/E ratio of 310.83, a P/E/G ratio of 6.77 and a beta of 0.98.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Monday, December 16th. Iron Mountain’s dividend payout ratio is currently 794.44%.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $34,697,484. This represents a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 15,872 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,997 shares of company stock valued at $8,406,961. 2.10% of the stock is currently owned by company 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.