Aspire Private Capital LLC Has $1.01 Million Position in Iron Mountain Incorporated (NYSE:IRM)

Aspire Private Capital LLC lifted its position in Iron Mountain Incorporated (NYSE:IRM) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,638 shares of the financial services provider’s stock after acquiring an additional 255 shares during the period. Aspire Private Capital LLC’s holdings in Iron Mountain were worth $1,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Iron Mountain in the third quarter worth $31,000. West Branch Capital LLC acquired a new stake in Iron Mountain during the 3rd quarter worth $33,000. Teachers Insurance & Annuity Association of America acquired a new position in Iron Mountain in the third quarter valued at about $36,000. Dunhill Financial LLC increased its holdings in shares of Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 152 shares in the last quarter. Finally, Quarry LP raised its position in shares of Iron Mountain by 86.5% during the third quarter. Quarry LP now owns 496 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 230 shares during the period. Institutional investors own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In other news, EVP Mithu Bhargava sold 8,263 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $104.49, for a total value of $863,400.87. Following the sale, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. This represents a 38.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction dated 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 of the company’s stock, valued at $34,874,874. The trade was 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 valued at $13,666,427. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IRM shares. Barclays decreased their price objective on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Wells Fargo & Company upped their price target 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 shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, 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 report on Wednesday, November 27th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $131.00.

Iron Mountain Trading Up 1.5 %

Iron Mountain stock opened at $110.80 on Wednesday. Iron Mountain Incorporated has a 1-year low of $66.20 and a 1-year high of $130.24. The company has a fifty day simple moving average of $111.11 and a 200 day simple moving average of $112.13. The company has a market cap of $32.52 billion, a P/E ratio of 307.80, a price-to-earnings-growth ratio of 6.01 and a beta of 1.02.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Monday, December 16th. Iron Mountain’s dividend payout ratio is currently 794.47%.

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.