Geller Advisors LLC Acquires 96 Shares of Iron Mountain Incorporated (NYSE:IRM)

Geller Advisors LLC lifted its holdings in Iron Mountain Incorporated (NYSE:IRM) by 2.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,373 shares of the financial services provider’s stock after purchasing an additional 96 shares during the quarter. Geller Advisors LLC’s holdings in Iron Mountain were worth $403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IRM. Nomura Asset Management Co. Ltd. raised its stake in shares of Iron Mountain by 1.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 456,295 shares of the financial services provider’s stock worth $54,222,000 after acquiring an additional 7,023 shares during the last quarter. Dorsey Wright & Associates increased its holdings in shares of Iron Mountain by 452.9% in the third quarter. Dorsey Wright & Associates now owns 21,941 shares of the financial services provider’s stock valued at $2,607,000 after purchasing an additional 17,973 shares in the last quarter. Dunhill Financial LLC lifted its holdings in Iron Mountain by 50.5% during the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after buying an additional 152 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in Iron Mountain by 34.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,963 shares of the financial services provider’s stock valued at $946,000 after buying an additional 2,021 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in Iron Mountain by 74.7% in the 3rd quarter. National Bank of Canada FI now owns 168,692 shares of the financial services provider’s stock valued at $20,046,000 after buying an additional 72,131 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In other news, Director Wendy J. Murdock sold 8,500 shares of Iron Mountain stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total transaction of $989,230.00. Following the sale, the director now owns 14,829 shares of the company’s stock, valued at approximately $1,725,799.02. The trade was a 36.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $117.36, for a total value of $1,863,090.00. Following 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 5.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,125 shares of company stock worth $6,613,584. 2.10% of the stock is owned by company insiders.

Iron Mountain Price Performance

Shares of NYSE IRM opened at $114.35 on Tuesday. Iron Mountain Incorporated has a twelve month low of $64.68 and a twelve month high of $130.24. The company has a market capitalization of $33.56 billion, a PE ratio of 317.64, a PEG ratio of 7.20 and a beta of 0.98. The stock’s 50 day moving average price is $120.67 and its 200-day moving average price is $107.77. 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 Announces Dividend

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 $0.715 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a yield of 2.50%. Iron Mountain’s dividend payout ratio is 794.44%.

Analysts Set New Price Targets

A number of analysts recently commented on IRM shares. Royal Bank of Canada lifted their price objective on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. 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 note on Thursday, October 17th. Barclays cut their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Stifel Nicolaus boosted their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Six 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, Iron Mountain has an average rating of “Buy” and a consensus price target of $131.00.

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.