Creekmur Asset Management LLC Has $1.04 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Creekmur Asset Management LLC trimmed its position in Iron Mountain Incorporated (NYSE:IRM) by 1.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 12,975 shares of the financial services provider’s stock after selling 125 shares during the period. Creekmur Asset Management LLC’s holdings in Iron Mountain were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in Iron Mountain by 201.7% during the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 242 shares during the period. Global Retirement Partners LLC grew its stake in shares of Iron Mountain by 1.7% in the fourth quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock worth $612,000 after acquiring an additional 156 shares during the last quarter. Caprock Group LLC bought a new position in Iron Mountain during the fourth quarter worth $244,000. Miracle Mile Advisors LLC acquired a new position in Iron Mountain during the 4th quarter valued at $210,000. Finally, Spirit of America Management Corp NY boosted its holdings in Iron Mountain by 10.2% in the 4th quarter. Spirit of America Management Corp NY now owns 25,900 shares of the financial services provider’s stock valued at $1,812,000 after purchasing an additional 2,400 shares during the period. 80.13% of the stock is owned by institutional investors.

Iron Mountain Price Performance

NYSE:IRM traded up $1.21 during mid-day trading on Wednesday, hitting $102.50. The company’s stock had a trading volume of 5,561,061 shares, compared to its average volume of 1,621,763. The company has a market capitalization of $30.05 billion, a price-to-earnings ratio of 155.31, a P/E/G ratio of 5.89 and a beta of 0.98. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a fifty-two week low of $56.51 and a fifty-two week high of $103.41. The stock has a fifty day moving average of $90.31 and a 200-day moving average of $80.50.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, June 17th were issued a $0.65 dividend. The ex-dividend date was Monday, June 17th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.54%. Iron Mountain’s payout ratio is presently 393.95%.

Insider Activity at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 3,095 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $86.83, for a total transaction of $268,738.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Iron Mountain news, CAO Daniel Borges sold 3,095 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $86.83, for a total transaction of $268,738.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wendy J. Murdock sold 1,500 shares of Iron Mountain stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $75.35, for a total transaction of $113,025.00. Following the completion of the transaction, the director now owns 24,491 shares of the company’s stock, valued at approximately $1,845,396.85. The disclosure for this sale can be found here. Insiders have sold a total of 100,553 shares of company stock valued at $8,759,378 in the last 90 days. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Iron Mountain from $89.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Wells Fargo & Company upped their price target on Iron Mountain from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus raised their price objective on Iron Mountain from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.17.

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.