Assenagon Asset Management S.A. Sells 222 Shares of Iron Mountain Incorporated (NYSE:IRM)

Assenagon Asset Management S.A. cut its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,150 shares of the financial services provider’s stock after selling 222 shares during the period. Assenagon Asset Management S.A.’s holdings in Iron Mountain were worth $1,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oak Thistle LLC raised its holdings in shares of Iron Mountain by 111.1% in the 4th quarter. Oak Thistle LLC now owns 7,221 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 3,800 shares in the last quarter. Cardinal Point Capital Management ULC bought a new position in shares of Iron Mountain in the fourth quarter worth approximately $1,079,000. Rosenberg Matthew Hamilton purchased a new stake in Iron Mountain in the fourth quarter valued at approximately $113,000. FNY Investment Advisers LLC bought a new stake in Iron Mountain during the fourth quarter valued at approximately $220,000. Finally, Cooper Financial Group grew its stake in Iron Mountain by 5.0% in the 4th quarter. Cooper Financial Group now owns 2,952 shares of the financial services provider’s stock worth $310,000 after buying an additional 140 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Trading Down 0.1 %

IRM opened at $111.17 on Friday. The company has a market cap of $32.62 billion, a P/E ratio of 308.81, a P/E/G ratio of 6.05 and a beta of 1.02. Iron Mountain Incorporated has a 12 month low of $66.20 and a 12 month high of $130.24. The business’s 50-day moving average price is $110.88 and its 200-day moving average price is $112.24.

Iron Mountain Dividend Announcement

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

Analyst Ratings Changes

IRM has been the topic of several research reports. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price target on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Barclays cut 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. Finally, Wells Fargo & Company boosted their target price on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $131.00.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 69,131 shares of Iron Mountain stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total transaction of $7,248,385.35. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 295,650 shares in the company, valued at $34,874,874. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,016 shares of company stock worth $13,666,427. Company 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.