Green Alpha Advisors LLC Reduces Holdings in Iron Mountain Incorporated (NYSE:IRM)

Green Alpha Advisors LLC cut its stake in Iron Mountain Incorporated (NYSE:IRM) by 35.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,971 shares of the financial services provider’s stock after selling 8,788 shares during the period. Iron Mountain comprises approximately 1.3% of Green Alpha Advisors LLC’s portfolio, making the stock its 19th largest position. Green Alpha Advisors LLC’s holdings in Iron Mountain were worth $1,679,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Iron Mountain during the third quarter worth about $31,000. West Branch Capital LLC purchased a new position in Iron Mountain during the 3rd quarter worth approximately $33,000. Teachers Insurance & Annuity Association of America acquired a new position in Iron Mountain during the third quarter worth approximately $36,000. Dunhill Financial LLC lifted its stake in Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after buying an additional 152 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Iron Mountain by 86.5% in the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 230 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Trading Down 1.6 %

Shares of IRM opened at $101.21 on Monday. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.75. Iron Mountain Incorporated has a 1-year low of $64.68 and a 1-year high of $130.24. The stock has a market cap of $29.70 billion, a price-to-earnings ratio of 281.15, a price-to-earnings-growth ratio of 6.70 and a beta of 1.02. The firm has a 50 day simple moving average of $112.71 and a 200-day simple moving average of $111.31.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Monday, December 16th. Iron Mountain’s payout ratio is 794.44%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IRM shares. Royal Bank of Canada lifted their target price on shares of 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 shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Barclays decreased their target price on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Wells Fargo & Company boosted their price target on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus increased their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $131.00.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $117.96, for a total transaction of $1,872,615.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $34,874,874. The trade was a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total transaction of $7,248,385.35. The disclosure for this sale can be found here. Insiders sold a total of 125,016 shares of company stock valued at $13,666,427 over the last three months. 2.10% of the stock is currently owned by insiders.

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.