CWA Asset Management Group LLC Takes $240,000 Position in Iron Mountain Incorporated (NYSE:IRM)

CWA Asset Management Group LLC purchased a new stake in Iron Mountain Incorporated (NYSE:IRM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,019 shares of the financial services provider’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Stiles Financial Services Inc bought a new position in Iron Mountain during the third quarter worth $253,000. Principal Financial Group Inc. increased its position in Iron Mountain by 3.4% during the third quarter. Principal Financial Group Inc. now owns 352,451 shares of the financial services provider’s stock worth $41,882,000 after acquiring an additional 11,685 shares during the period. Blake Schutter Theil Wealth Advisors LLC bought a new position in Iron Mountain during the third quarter worth $514,000. Avidian Wealth Enterprises LLC bought a new position in Iron Mountain during the third quarter worth $223,000. Finally, Crescent Grove Advisors LLC increased its position in Iron Mountain by 4.7% during the third quarter. Crescent Grove Advisors LLC now owns 12,843 shares of the financial services provider’s stock worth $1,535,000 after acquiring an additional 571 shares during the period. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Down 2.5 %

Shares of NYSE:IRM opened at $114.50 on Wednesday. Iron Mountain Incorporated has a 52 week low of $58.55 and a 52 week high of $130.24. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.79 and a current ratio of 0.75. The company’s fifty day moving average is $119.32 and its 200-day moving average is $102.47. The company has a market capitalization of $33.60 billion, a PE ratio of 318.06, a P/E/G ratio of 7.17 and a beta of 0.99.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders 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 annualized dividend and a dividend yield of 2.50%. Iron Mountain’s dividend payout ratio is presently 794.47%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price target on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group lifted their price target on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus lifted their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Iron Mountain has a consensus rating of “Buy” and an average target price of $129.80.

Insider Activity

In related news, EVP Edward Baker-Greene sold 2,262 shares of Iron Mountain stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total value of $248,254.50. Following the completion of the transaction, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at $993,127.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Edward Baker-Greene sold 2,262 shares of Iron Mountain stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total value of $248,254.50. Following the completion of the transaction, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at $993,127.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John Tomovcsik sold 1,000 shares of Iron Mountain stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $110.00, for a total value of $110,000.00. Following the completion of the transaction, the chief operating officer now directly owns 14,000 shares of the company’s stock, valued at $1,540,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,387 shares of company stock worth $6,971,838. Corporate insiders own 2.10% of the company’s stock.

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.