Diversify Advisory Services LLC Has $667,000 Stock Holdings in Iron Mountain Incorporated $IRM

Diversify Advisory Services LLC trimmed its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 48.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,037 shares of the financial services provider’s stock after selling 7,656 shares during the quarter. Diversify Advisory Services LLC’s holdings in Iron Mountain were worth $667,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IRM. Quent Capital LLC acquired a new position in Iron Mountain during the 3rd quarter worth approximately $27,000. Johnson Financial Group Inc. acquired a new position in Iron Mountain during the 3rd quarter worth approximately $32,000. Wealth Watch Advisors INC bought a new stake in Iron Mountain during the 3rd quarter worth approximately $44,000. Global Wealth Strategies & Associates bought a new stake in Iron Mountain during the 4th quarter worth approximately $50,000. Finally, Washington Trust Advisors Inc. bought a new stake in Iron Mountain during the 3rd quarter worth approximately $54,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $114.08 on Wednesday. The company has a market capitalization of $33.94 billion, a P/E ratio of 237.67 and a beta of 1.13. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $115.24. The company’s 50 day moving average price is $105.06 and its 200-day moving average price is $97.07.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Monday, March 16th were given a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, March 16th. Iron Mountain’s payout ratio is presently 720.83%.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 137,133 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $109.39, for a total transaction of $15,000,978.87. Following the transaction, the chief executive officer owned 295,975 shares in the company, valued at $32,376,705.25. The trade was a 31.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mithu Bhargava sold 59,725 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $104.62, for a total transaction of $6,248,429.50. Following the transaction, the executive vice president owned 16,054 shares in the company, valued at $1,679,569.48. The trade was a 78.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,648 shares of company stock worth $48,297,449 over the last quarter. 1.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

IRM has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. Loop Capital set a $130.00 target price on shares of Iron Mountain in a report on Wednesday, March 4th. Finally, Barclays boosted their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.00.

About Iron Mountain

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.