U.S. Capital Wealth Advisors LLC Buys 105,726 Shares of Iron Mountain Incorporated (NYSE:IRM)

U.S. Capital Wealth Advisors LLC increased its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 1,453.1% in the fourth quarter, HoldingsChannel reports. The firm owned 113,002 shares of the financial services provider’s stock after buying an additional 105,726 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Iron Mountain were worth $11,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Greenleaf Trust raised its stake in shares of Iron Mountain by 2.2% during the 4th quarter. Greenleaf Trust now owns 7,551 shares of the financial services provider’s stock worth $794,000 after acquiring an additional 165 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Iron Mountain by 17.6% during the 4th quarter. Spire Wealth Management now owns 15,374 shares of the financial services provider’s stock valued at $1,616,000 after purchasing an additional 2,305 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Iron Mountain by 3.0% during the 4th quarter. DAVENPORT & Co LLC now owns 25,466 shares of the financial services provider’s stock worth $2,676,000 after buying an additional 735 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Iron Mountain by 36.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,341 shares of the financial services provider’s stock valued at $1,087,000 after buying an additional 2,768 shares in the last quarter. Finally, Symphony Financial Ltd. Co. raised its stake in Iron Mountain by 1.3% in the fourth quarter. Symphony Financial Ltd. Co. now owns 17,799 shares of the financial services provider’s stock valued at $1,954,000 after buying an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other news, CEO William L. Meaney sold 69,131 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total transaction of $7,248,385.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mithu Bhargava sold 8,263 shares of the firm’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 completion of the sale, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at $1,364,012.46. This trade represents a 38.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,016 shares of company stock valued at $13,666,427. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank of Canada increased their price objective on shares of Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their price objective on shares of Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. StockNews.com cut Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Finally, Barclays dropped their target price on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $130.83.

Iron Mountain Trading Down 0.6 %

Iron Mountain stock opened at $101.37 on Friday. Iron Mountain Incorporated has a 12 month low of $66.20 and a 12 month high of $130.24. The stock’s 50 day simple moving average is $109.28 and its two-hundred day simple moving average is $112.54. The firm has a market cap of $29.75 billion, a PE ratio of 281.58, a P/E/G ratio of 5.53 and a beta of 1.02.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were paid a $0.715 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.82%. Iron Mountain’s dividend payout ratio is presently 794.47%.

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.