Prudent Man Advisors LLC Sells 227 Shares of Iron Mountain Incorporated (NYSE:IRM)

Prudent Man Advisors LLC cut its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,554 shares of the financial services provider’s stock after selling 227 shares during the period. Prudent Man Advisors LLC’s holdings in Iron Mountain were worth $713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IRM. Barrett & Company Inc. bought a new stake in Iron Mountain in the 2nd quarter worth about $28,000. Compass Wealth Management LLC bought a new stake in Iron Mountain in the 4th quarter worth about $26,000. Bank of New Hampshire grew its position in Iron Mountain by 43.8% in the 2nd quarter. Bank of New Hampshire now owns 575 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 175 shares in the last quarter. BOKF NA bought a new stake in Iron Mountain in the 1st quarter worth about $31,000. Finally, True Wealth Design LLC bought a new stake in Iron Mountain in the 4th quarter worth about $33,000. 76.94% of the stock is owned by institutional investors.

Iron Mountain Stock Performance

IRM traded up $0.49 on Monday, hitting $62.72. The company’s stock had a trading volume of 92,658 shares, compared to its average volume of 1,462,945. The company’s 50 day simple moving average is $60.35 and its 200-day simple moving average is $59.03. The firm has a market cap of $18.31 billion, a P/E ratio of 65.51, a price-to-earnings-growth ratio of 3.93 and a beta of 0.90. Iron Mountain Incorporated has a 12 month low of $48.92 and a 12 month high of $64.48. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Thursday, December 14th. Iron Mountain’s dividend payout ratio (DPR) is presently 273.68%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $57.68, for a total value of $115,360.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Iron Mountain news, CEO William L. Meaney sold 10,507 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $57.68, for a total value of $606,043.76. Following the completion of 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 SEC, which can be accessed through the SEC website. Also, EVP Deborah Marson sold 2,000 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 56,026 shares of the company’s stock, valued at $3,231,579.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,873 shares of company stock valued at $4,098,639. Company insiders own 2.20% of the company’s stock.

About Iron Mountain

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.