Atria Investments Inc bought a new position in Iron Mountain Incorporated (NYSE:IRM – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,352 shares of the financial services provider’s stock, valued at approximately $1,873,000.
A number of other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Iron Mountain by 201.7% during the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock valued at $25,000 after buying an additional 242 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Iron Mountain by 4.4% in the fourth quarter. DAVENPORT & Co LLC now owns 22,159 shares of the financial services provider’s stock worth $1,551,000 after buying an additional 925 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Iron Mountain in the fourth quarter worth $241,000. Arizona State Retirement System boosted its position in shares of Iron Mountain by 0.8% during the fourth quarter. Arizona State Retirement System now owns 80,213 shares of the financial services provider’s stock worth $5,613,000 after acquiring an additional 652 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Iron Mountain during the fourth quarter valued at $16,590,000. 80.13% of the stock is currently owned by institutional investors.
Iron Mountain Stock Performance
NYSE:IRM opened at $106.69 on Monday. The firm has a market capitalization of $31.27 billion, a PE ratio of 161.65, a PEG ratio of 6.49 and a beta of 0.98. The stock’s fifty day moving average is $91.45 and its 200 day moving average is $81.19. Iron Mountain Incorporated has a fifty-two week low of $56.51 and a fifty-two week high of $112.79. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.86 and a current ratio of 0.79.
Iron Mountain Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th will be paid a $0.715 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.68%. This is an increase from Iron Mountain’s previous quarterly dividend of $0.65. Iron Mountain’s dividend payout ratio is currently 433.33%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Wells Fargo & Company boosted their target price on Iron Mountain from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday. The Goldman Sachs Group raised their target price on shares of Iron Mountain from $106.00 to $120.00 and gave the company a “buy” rating in a report on Friday. Finally, Stifel Nicolaus boosted their price target on shares of Iron Mountain from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $95.29.
Read Our Latest Research Report on Iron Mountain
Insider Transactions at Iron Mountain
In related news, COO John Tomovcsik sold 2,866 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $105.00, for a total transaction of $300,930.00. Following the transaction, the chief operating officer now directly owns 15,000 shares in the company, valued at approximately $1,575,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Daniel Borges sold 3,095 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $86.83, for a total transaction of $268,738.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John Tomovcsik sold 2,866 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $105.00, for a total value of $300,930.00. Following the completion of the transaction, the chief operating officer now directly owns 15,000 shares in the company, valued at approximately $1,575,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,919 shares of company stock worth $8,791,683. 2.10% of the stock is currently 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.
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