Personal CFO Solutions LLC Has $315,000 Stake in Iron Mountain Incorporated (NYSE:IRM)

Personal CFO Solutions LLC reduced its position in Iron Mountain Incorporated (NYSE:IRMFree Report) by 4.2% during the fourth quarter, HoldingsChannel reports. The firm owned 4,499 shares of the financial services provider’s stock after selling 199 shares during the period. Personal CFO Solutions LLC’s holdings in Iron Mountain were worth $315,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Pathstone Family Office LLC grew its holdings in Iron Mountain by 72.1% during the 3rd quarter. Pathstone Family Office LLC now owns 23,200 shares of the financial services provider’s stock worth $1,387,000 after acquiring an additional 9,719 shares during the period. HighTower Advisors LLC grew its stake in Iron Mountain by 140.6% during the third quarter. HighTower Advisors LLC now owns 159,030 shares of the financial services provider’s stock worth $9,451,000 after purchasing an additional 92,924 shares during the period. UBS Group AG grew its stake in Iron Mountain by 3.5% during the third quarter. UBS Group AG now owns 892,448 shares of the financial services provider’s stock worth $53,056,000 after purchasing an additional 30,140 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Iron Mountain by 15.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,682 shares of the financial services provider’s stock worth $3,489,000 after purchasing an additional 7,822 shares during the period. Finally, Deutsche Bank AG grew its stake in Iron Mountain by 0.7% during the third quarter. Deutsche Bank AG now owns 4,571,545 shares of the financial services provider’s stock worth $271,778,000 after purchasing an additional 29,683 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Stock Performance

NYSE IRM opened at $87.10 on Tuesday. The company has a fifty day simple moving average of $78.84 and a 200 day simple moving average of $73.58. Iron Mountain Incorporated has a 12-month low of $53.74 and a 12-month high of $87.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 674.63. The company has a market cap of $25.53 billion, a P/E ratio of 131.97, a PEG ratio of 5.11 and a beta of 0.95.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Monday, June 17th. Iron Mountain’s payout ratio is currently 393.95%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. TheStreet lowered shares of Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. Wells Fargo & Company lifted their price objective on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Finally, Barclays lifted their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Iron Mountain has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

Read Our Latest Stock Analysis on Iron Mountain

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on Monday, April 15th. The shares were sold at an average price of $76.68, for a total value of $1,217,295.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $22,670,442. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on Monday, April 15th. The shares were sold at an average price of $76.68, for a total transaction of $1,217,295.00. Following the transaction, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at approximately $22,670,442. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Kidd sold 4,458 shares of Iron Mountain stock in a transaction on Monday, April 1st. The stock was sold at an average price of $80.21, for a total transaction of $357,576.18. Following the transaction, the executive vice president now directly owns 62,938 shares in the company, valued at $5,048,256.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,209 shares of company stock valued at $3,639,643. 2.10% of the stock is owned by company insiders.

Iron Mountain Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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