Iron Mountain Incorporated (NYSE:IRM) Stock Position Lowered by National Pension Service

National Pension Service decreased its position in Iron Mountain Incorporated (NYSE:IRM) by 8.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 467,324 shares of the financial services provider’s stock after selling 44,515 shares during the quarter. National Pension Service owned about 0.16% of Iron Mountain worth $24,203,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in Iron Mountain by 15.1% in the 1st quarter. Acadian Asset Management LLC now owns 2,503 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 328 shares during the last quarter. Panagora Asset Management Inc. grew its position in Iron Mountain by 71.3% in the first quarter. Panagora Asset Management Inc. now owns 18,549 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 7,719 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Iron Mountain by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,743 shares of the financial services provider’s stock valued at $2,147,000 after buying an additional 2,399 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Iron Mountain by 13.0% during the 1st quarter. APG Asset Management N.V. now owns 18,205 shares of the financial services provider’s stock valued at $907,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of Iron Mountain by 52.8% during the 1st quarter. Raymond James Trust N.A. now owns 7,552 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 2,608 shares in the last quarter. Institutional investors own 76.94% of the company’s stock.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, EVP Edward Baker-Greene sold 4,578 shares of Iron Mountain stock in a transaction on Monday, June 5th. The shares were sold at an average price of $55.00, for a total transaction of $251,790.00. Following the completion of the sale, the executive vice president now owns 8,216 shares of the company’s stock, valued at approximately $451,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Daniel Borges sold 3,356 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $55.00, for a total value of $184,580.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Edward Baker-Greene sold 4,578 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $55.00, for a total transaction of $251,790.00. Following the transaction, the executive vice president now directly owns 8,216 shares in the company, valued at approximately $451,880. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,208 shares of company stock worth $7,670,320. 2.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IRM. Barclays upped their target price on Iron Mountain from $64.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, August 7th. Royal Bank of Canada raised shares of Iron Mountain from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $58.00 to $68.00 in a research report on Monday, August 21st. Finally, StockNews.com assumed coverage on shares of Iron Mountain in a research report on Thursday, August 17th. They issued a “hold” rating for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Iron Mountain presently has an average rating of “Moderate Buy” and a consensus price target of $65.75.

Iron Mountain Trading Up 0.1 %

NYSE:IRM opened at $63.61 on Friday. The stock has a market cap of $18.56 billion, a PE ratio of 48.93, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93. Iron Mountain Incorporated has a fifty-two week low of $43.33 and a fifty-two week high of $64.20. The company has a debt-to-equity ratio of 26.77, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s 50-day moving average is $60.07 and its two-hundred day moving average is $55.92.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, September 14th. This is an increase from Iron Mountain’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 4.09%. Iron Mountain’s payout ratio is presently 190.00%.

Iron Mountain Profile

Iron Mountain Incorporated (NYSE: IRM) is a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER to transform their businesses.