Massmutual Trust Co. FSB ADV Sells 221 Shares of Iron Mountain Incorporated (NYSE:IRM)

Massmutual Trust Co. FSB ADV trimmed its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 18.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,000 shares of the financial services provider’s stock after selling 221 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Iron Mountain were worth $59,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IRM. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Iron Mountain by 20.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,413 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 584 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Iron Mountain by 4.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 116,794 shares of the financial services provider’s stock worth $6,636,000 after buying an additional 4,741 shares during the period. Citigroup Inc. boosted its position in Iron Mountain by 39.7% during the 1st quarter. Citigroup Inc. now owns 354,664 shares of the financial services provider’s stock worth $18,765,000 after buying an additional 100,699 shares during the period. Lincoln National Corp boosted its position in Iron Mountain by 1.6% during the 1st quarter. Lincoln National Corp now owns 18,633 shares of the financial services provider’s stock worth $986,000 after buying an additional 302 shares during the period. Finally, Commerce Bank boosted its position in Iron Mountain by 4.8% during the 2nd quarter. Commerce Bank now owns 21,586 shares of the financial services provider’s stock worth $1,227,000 after buying an additional 979 shares during the period. 76.94% of the stock is owned by institutional investors.

Iron Mountain Stock Up 0.3 %

IRM stock traded up $0.20 during midday trading on Friday, reaching $62.23. 1,082,130 shares of the company’s stock traded hands, compared to its average volume of 1,469,207. The company has a market cap of $18.17 billion, a price-to-earnings ratio of 65.51, a P/E/G ratio of 3.93 and a beta of 0.90. The firm’s fifty day moving average price is $60.35 and its 200-day moving average price is $59.01. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 43.97. Iron Mountain Incorporated has a 52 week low of $48.92 and a 52 week high of $64.48.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, December 14th. Iron Mountain’s dividend payout ratio is 273.69%.

Analyst Ratings Changes

Several research firms have issued reports on IRM. UBS Group began coverage on shares of Iron Mountain in a report on Tuesday, November 7th. They set a “sell” rating and a $44.00 price target for the company. Royal Bank of Canada upgraded shares of Iron Mountain from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $58.00 to $68.00 in a report on Monday, August 21st. Barclays lifted their price objective on shares of Iron Mountain from $64.00 to $69.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Finally, StockNews.com began coverage on shares of Iron Mountain in a research note on Thursday, October 5th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

Insiders Place Their Bets

In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $57.68, for a total transaction of $115,360.00. Following the transaction, the executive vice president now directly owns 56,026 shares of the company’s stock, valued at approximately $3,231,579.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO William L. Meaney sold 10,507 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $57.68, for a total value of $606,043.76. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $17,053,092. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $57.68, for a total transaction of $115,360.00. Following the completion of the transaction, the executive vice president now directly owns 56,026 shares in the company, valued at $3,231,579.68. The disclosure for this sale can be found here. Insiders have sold 66,873 shares of company stock valued at $4,098,639 in the last three months. 2.20% of the stock is currently owned by insiders.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work.