Sargent Investment Group LLC Has $15.16 Million Stock Position in Iron Mountain Incorporated (NYSE:IRM)

Sargent Investment Group LLC increased its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 127,610 shares of the financial services provider’s stock after purchasing an additional 1,250 shares during the period. Iron Mountain comprises 2.7% of Sargent Investment Group LLC’s holdings, making the stock its 8th largest holding. Sargent Investment Group LLC’s holdings in Iron Mountain were worth $15,164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. acquired a new position in Iron Mountain in the 3rd quarter worth about $900,000. KBC Group NV grew its position in Iron Mountain by 368.4% in the third quarter. KBC Group NV now owns 305,392 shares of the financial services provider’s stock worth $36,289,000 after acquiring an additional 240,195 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Iron Mountain by 36.1% during the third quarter. Oppenheimer & Co. Inc. now owns 19,192 shares of the financial services provider’s stock worth $2,281,000 after buying an additional 5,086 shares during the period. MQS Management LLC purchased a new position in shares of Iron Mountain during the third quarter worth $205,000. Finally, Savvy Advisors Inc. purchased a new position in shares of Iron Mountain during the third quarter worth $209,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Iron Mountain

In other news, EVP Edward Baker-Greene sold 2,262 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total transaction of $248,254.50. Following the completion of the transaction, the executive vice president now directly owns 9,049 shares in the company, valued at approximately $993,127.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $118.97, for a total value of $1,888,648.75. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $35,173,480.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Edward Baker-Greene sold 2,262 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total transaction of $248,254.50. Following the transaction, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at approximately $993,127.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,387 shares of company stock worth $6,971,838 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Iron Mountain Stock Down 0.9 %

Shares of NYSE IRM traded down $1.05 during midday trading on Thursday, reaching $114.93. 172,511 shares of the company’s stock were exchanged, compared to its average volume of 1,600,247. Iron Mountain Incorporated has a 52-week low of $61.59 and a 52-week high of $130.24. The stock has a market capitalization of $33.73 billion, a PE ratio of 322.15, a price-to-earnings-growth ratio of 6.86 and a beta of 0.99. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.75 and a current ratio of 0.75. The business’s fifty day moving average price is $119.38 and its two-hundred day moving average price is $102.56.

Iron Mountain Announces Dividend

The company also recently declared 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 of this dividend is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a yield of 2.49%. Iron Mountain’s dividend payout ratio (DPR) is 794.47%.

Analyst Ratings Changes

A number of research firms have weighed in on IRM. JPMorgan Chase & Co. raised their price target on Iron Mountain from $82.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Wells Fargo & Company raised their price target on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Stifel Nicolaus lifted their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Barclays boosted their price target on Iron Mountain from $91.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $129.80.

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.