Yeomans Consulting Group Inc. Cuts Holdings in Iron Mountain Incorporated (NYSE:IRM)

Yeomans Consulting Group Inc. reduced its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 34.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,104 shares of the financial services provider’s stock after selling 1,627 shares during the quarter. Yeomans Consulting Group Inc.’s holdings in Iron Mountain were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new position in Iron Mountain during the 3rd quarter valued at about $31,000. West Branch Capital LLC bought a new position in Iron Mountain during the third quarter valued at approximately $33,000. Teachers Insurance & Annuity Association of America bought a new position in Iron Mountain during the third quarter valued at approximately $36,000. Dunhill Financial LLC grew its position in Iron Mountain by 50.5% in the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 152 shares during the period. Finally, Quarry LP raised its stake in Iron Mountain by 86.5% during the 3rd quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after buying an additional 230 shares during the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on IRM shares. Wells Fargo & Company lifted their price objective on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Barclays lowered their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price target on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $131.00.

Insider Buying and Selling

In other news, EVP Mithu Bhargava sold 8,263 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at $1,364,012.46. The trade was a 38.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $117.96, for a total value of $1,872,615.00. Following the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $34,874,874. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,016 shares of company stock valued at $13,666,427. Company insiders own 2.10% of the company’s stock.

Iron Mountain Trading Up 1.1 %

NYSE IRM opened at $111.23 on Friday. Iron Mountain Incorporated has a 12 month low of $66.20 and a 12 month high of $130.24. The stock has a market cap of $32.64 billion, a price-to-earnings ratio of 308.98, a PEG ratio of 6.10 and a beta of 1.02. The company’s 50 day moving average is $110.96 and its two-hundred day moving average is $112.11.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Monday, December 16th. Iron Mountain’s dividend payout ratio (DPR) is 794.47%.

About Iron Mountain

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.