Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Iron Mountain Incorporated (NYSE:IRM) by 113.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 22,354 shares of the financial services provider’s stock after purchasing an additional 11,902 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Iron Mountain were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Iron Mountain by 201.7% during the fourth quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after buying an additional 242 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Iron Mountain during the fourth quarter worth $26,000. CVA Family Office LLC acquired a new stake in shares of Iron Mountain during the fourth quarter worth $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Iron Mountain during the fourth quarter worth $36,000. Finally, Heritage Wealth Advisors acquired a new stake in shares of Iron Mountain during the fourth quarter worth $38,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Iron Mountain

In other news, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $77.80, for a total value of $155,600.00. Following the sale, the executive vice president now owns 63,286 shares in the company, valued at $4,923,650.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Greg W. Mcintosh sold 13,923 shares of Iron Mountain stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $87.41, for a total value of $1,217,009.43. Following the sale, the executive vice president now owns 18,107 shares in the company, valued at $1,582,732.87. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $77.80, for a total transaction of $155,600.00. Following the completion of the sale, the executive vice president now owns 63,286 shares in the company, valued at approximately $4,923,650.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,928 shares of company stock valued at $9,726,673. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price objective on shares of Iron Mountain from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, The Goldman Sachs Group raised their target price 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.83.

Iron Mountain Stock Up 2.2 %

IRM opened at $95.17 on Thursday. Iron Mountain Incorporated has a fifty-two week low of $56.51 and a fifty-two week high of $95.24. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.86 and a current ratio of 0.86. The company has a fifty day moving average of $84.61 and a two-hundred day moving average of $77.31. The stock has a market capitalization of $27.90 billion, a price-to-earnings ratio of 144.20, a PEG ratio of 5.50 and a beta of 0.98.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $2.60 dividend on an annualized basis and a yield of 2.73%. Iron Mountain’s payout ratio is 393.94%.

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.