Clarius Group LLC Has $207,000 Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Clarius Group LLC lowered its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,972 shares of the financial services provider’s stock after selling 232 shares during the quarter. Clarius Group LLC’s holdings in Iron Mountain were worth $207,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IRM. AE Wealth Management LLC boosted its stake in shares of Iron Mountain by 58.0% in the 2nd quarter. AE Wealth Management LLC now owns 18,006 shares of the financial services provider’s stock valued at $1,614,000 after purchasing an additional 6,611 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Iron Mountain by 9.2% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 59,895 shares of the financial services provider’s stock valued at $5,368,000 after acquiring an additional 5,056 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in Iron Mountain by 15.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 223,686 shares of the financial services provider’s stock worth $20,047,000 after acquiring an additional 30,293 shares during the period. Profund Advisors LLC raised its position in shares of Iron Mountain by 3.1% during the 2nd quarter. Profund Advisors LLC now owns 4,686 shares of the financial services provider’s stock valued at $420,000 after acquiring an additional 141 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Iron Mountain by 6.1% in the 2nd quarter. ProShare Advisors LLC now owns 51,751 shares of the financial services provider’s stock valued at $4,638,000 after purchasing an additional 2,991 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Down 1.0 %

NYSE:IRM opened at $109.19 on Tuesday. The firm has a market capitalization of $32.04 billion, a PE ratio of 303.31, a price-to-earnings-growth ratio of 5.56 and a beta of 1.02. Iron Mountain Incorporated has a twelve month low of $65.01 and a twelve month high of $130.24. The stock’s 50-day simple moving average is $111.19 and its 200 day simple moving average is $112.00.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Monday, December 16th. Iron Mountain’s dividend payout ratio is 794.47%.

Insider Activity at Iron Mountain

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on IRM. Barclays dropped their price objective on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Royal Bank of Canada increased their target price on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company boosted their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus raised their target price on shares of Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Iron Mountain presently has an average rating of “Buy” and an average price target of $131.00.

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.