Empowered Funds LLC Purchases 414 Shares of Iron Mountain Incorporated (NYSE:IRM)

Empowered Funds LLC raised its position in Iron Mountain Incorporated (NYSE:IRM) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,482 shares of the financial services provider’s stock after purchasing an additional 414 shares during the period. Empowered Funds LLC’s holdings in Iron Mountain were worth $1,602,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vectors Research Management LLC raised its stake in Iron Mountain by 4.3% during the 3rd quarter. Vectors Research Management LLC now owns 43,432 shares of the financial services provider’s stock worth $5,160,000 after buying an additional 1,780 shares during the period. CIBC Asset Management Inc raised its position in shares of Iron Mountain by 8.3% during the third quarter. CIBC Asset Management Inc now owns 43,015 shares of the financial services provider’s stock worth $5,111,000 after purchasing an additional 3,306 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in shares of Iron Mountain by 1.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 89 shares in the last quarter. Balboa Wealth Partners acquired a new position in shares of Iron Mountain in the 3rd quarter valued at approximately $250,000. Finally, Sargent Investment Group LLC increased its stake in Iron Mountain by 1.0% during the 3rd quarter. Sargent Investment Group LLC now owns 127,610 shares of the financial services provider’s stock worth $15,164,000 after purchasing an additional 1,250 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Stock Up 2.4 %

IRM stock opened at $119.14 on Friday. Iron Mountain Incorporated has a 52 week low of $62.58 and a 52 week high of $130.24. The business has a 50-day simple moving average of $119.82 and a 200 day simple moving average of $104.00. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 674.63. The company has a market cap of $34.96 billion, a PE ratio of 330.94, a price-to-earnings-growth ratio of 6.98 and a beta of 0.99.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.40%. Iron Mountain’s dividend payout ratio (DPR) is currently 794.47%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Barclays lowered their target price on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday. Wells Fargo & Company boosted their price target on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. The Goldman Sachs Group increased their price objective on Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus boosted their target price on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $129.40.

Insider Activity at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $118.97, for a total transaction of $1,888,648.75. Following the completion of the transaction, the chief executive officer now owns 295,650 shares in the company, valued at approximately $35,173,480.50. This trade represents a 5.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wendy J. Murdock sold 8,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total value of $989,230.00. Following the completion of the transaction, the director now directly owns 14,829 shares in the company, valued at $1,725,799.02. This represents a 36.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,125 shares of company stock valued at $6,613,584. 2.10% of the stock is owned by insiders.

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.