SeaCrest Wealth Management LLC Has $759,000 Stock Position in Iron Mountain Incorporated (NYSE:IRM)

SeaCrest Wealth Management LLC decreased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 10.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,386 shares of the financial services provider’s stock after selling 714 shares during the period. SeaCrest Wealth Management LLC’s holdings in Iron Mountain were worth $759,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IRM. Tsfg LLC bought a new stake in Iron Mountain in the 3rd quarter valued at $134,000. Creative Planning increased its holdings in shares of Iron Mountain by 2.2% in the third quarter. Creative Planning now owns 98,905 shares of the financial services provider’s stock valued at $11,753,000 after purchasing an additional 2,083 shares during the last quarter. Wesbanco Bank Inc. bought a new position in shares of Iron Mountain in the third quarter valued at about $236,000. ORG Partners LLC lifted its stake in shares of Iron Mountain by 248.2% during the 3rd quarter. ORG Partners LLC now owns 5,603 shares of the financial services provider’s stock worth $666,000 after buying an additional 3,994 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in shares of Iron Mountain during the 3rd quarter worth about $98,000. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction 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 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Wendy J. Murdock sold 8,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total value of $989,230.00. Following the completion of the transaction, the director now owns 14,829 shares of the company’s stock, valued at $1,725,799.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Meaney sold 15,875 shares of the business’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 directly owns 295,650 shares in the company, valued at approximately $34,697,484. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,503 shares of company stock valued at $3,511,505 over the last three months. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

IRM has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus lifted their price target on Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Barclays upped their price objective on Iron Mountain from $91.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Iron Mountain from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Iron Mountain Price Performance

Shares of NYSE IRM opened at $123.42 on Thursday. The business has a fifty day moving average price of $114.74 and a two-hundred day moving average price of $96.19. The stock has a market capitalization of $36.18 billion, a PE ratio of 187.00, a P/E/G ratio of 7.22 and a beta of 1.00. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.79 and a quick ratio of 0.79. Iron Mountain Incorporated has a fifty-two week low of $57.36 and a fifty-two week high of $124.12.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.59). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. Iron Mountain had a net margin of 3.94% and a return on equity of 595.44%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.94 EPS. As a group, equities analysts predict that Iron Mountain Incorporated will post 4.17 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 16th were given a dividend of $0.715 per share. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.65. The ex-dividend date was Monday, September 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.32%. Iron Mountain’s dividend payout ratio (DPR) is currently 433.33%.

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.