Diversified Trust Co Has $790,000 Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Diversified Trust Co reduced its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 12.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,855 shares of the financial services provider’s stock after selling 1,348 shares during the quarter. Diversified Trust Co’s holdings in Iron Mountain were worth $790,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Iron Mountain during the fourth quarter valued at about $16,590,000. Goldman Sachs Group Inc. grew its holdings in shares of Iron Mountain by 6.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 940,090 shares of the financial services provider’s stock valued at $65,787,000 after buying an additional 59,381 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Iron Mountain by 42.3% during the fourth quarter. Handelsbanken Fonder AB now owns 162,087 shares of the financial services provider’s stock valued at $11,343,000 after buying an additional 48,170 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Iron Mountain by 6.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 462,652 shares of the financial services provider’s stock valued at $30,637,000 after buying an additional 27,551 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Iron Mountain by 60.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,086,316 shares of the financial services provider’s stock valued at $285,960,000 after buying an additional 1,546,592 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IRM has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Barclays boosted their price target on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Finally, The Goldman Sachs Group boosted their price target on shares of Iron Mountain from $89.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Iron Mountain currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.33.

Iron Mountain Stock Up 1.3 %

IRM opened at $90.87 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63. The stock has a market cap of $26.64 billion, a price-to-earnings ratio of 137.68, a PEG ratio of 5.31 and a beta of 0.98. Iron Mountain Incorporated has a twelve month low of $56.28 and a twelve month high of $91.06. The company’s 50-day moving average price is $82.81 and its two-hundred day moving average price is $76.36.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Monday, June 17th. Iron Mountain’s payout ratio is 393.95%.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, COO John Tomovcsik sold 35,084 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $88.76, for a total value of $3,114,055.84. Following the transaction, the chief operating officer now directly owns 20,366 shares in the company, valued at $1,807,686.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $78.48, for a total transaction of $156,960.00. Following the sale, the executive vice president now directly owns 65,286 shares in the company, valued at approximately $5,123,645.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Tomovcsik sold 35,084 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $88.76, for a total transaction of $3,114,055.84. Following the sale, the chief operating officer now owns 20,366 shares in the company, valued at $1,807,686.16. The disclosure for this sale can be found here. Insiders have sold a total of 100,053 shares of company stock worth $8,429,641 over the last three months. 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.