American Assets Capital Advisers LLC Sells 67,216 Shares of Iron Mountain Incorporated (NYSE:IRM)

American Assets Capital Advisers LLC lowered its position in Iron Mountain Incorporated (NYSE:IRM) by 92.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,318 shares of the financial services provider’s stock after selling 67,216 shares during the period. American Assets Capital Advisers LLC’s holdings in Iron Mountain were worth $632,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in IRM. Ashton Thomas Securities LLC purchased a new stake in Iron Mountain in the 3rd quarter valued at about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Iron Mountain during the second quarter valued at approximately $32,000. West Branch Capital LLC bought a new stake in Iron Mountain during the third quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Iron Mountain in the second quarter worth $36,000. Finally, Headlands Technologies LLC bought a new position in Iron Mountain in the 1st quarter valued at $38,000. 80.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IRM has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company boosted their target price on shares of Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Barclays lifted their price target on shares of Iron Mountain from $91.00 to $133.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus increased their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Iron Mountain currently has an average rating of “Buy” and an average target price of $129.80.

Iron Mountain Stock Performance

Shares of NYSE IRM traded down $1.10 during mid-day trading on Tuesday, hitting $116.34. The company had a trading volume of 351,870 shares, compared to its average volume of 1,602,504. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a 1 year low of $58.55 and a 1 year high of $130.24. The company has a market capitalization of $34.14 billion, a price-to-earnings ratio of 322.37, a P/E/G ratio of 7.17 and a beta of 0.99. The stock’s 50-day moving average price is $119.29 and its 200-day moving average price is $102.21.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Monday, December 16th. Iron Mountain’s payout ratio is presently 794.47%.

Insider Activity

In related news, EVP Edward Baker-Greene sold 2,262 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $109.75, for a total transaction of $248,254.50. Following the completion of the transaction, the executive vice president now owns 9,049 shares of the company’s stock, valued at approximately $993,127.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Edward Baker-Greene sold 2,262 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $109.75, for a total value of $248,254.50. Following the sale, the executive vice president now owns 9,049 shares in the company, valued at approximately $993,127.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO John Tomovcsik sold 1,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was 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 owns 14,000 shares in the company, 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. Insiders have sold a total of 27,637 shares of company stock worth $3,210,575 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Iron Mountain Company 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.