Czech National Bank Raises Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Czech National Bank lifted its position in Iron Mountain Incorporated (NYSE:IRM) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 63,628 shares of the financial services provider’s stock after buying an additional 3,873 shares during the period. Czech National Bank’s holdings in Iron Mountain were worth $6,688,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IRM. Wealth Enhancement Advisory Services LLC grew its position in Iron Mountain by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 42,383 shares of the financial services provider’s stock worth $4,455,000 after purchasing an additional 446 shares during the last quarter. ORG Partners LLC grew its position in shares of Iron Mountain by 178.6% during the 4th quarter. ORG Partners LLC now owns 15,609 shares of the financial services provider’s stock valued at $1,641,000 after acquiring an additional 10,006 shares during the period. Fortitude Family Office LLC increased its position in shares of Iron Mountain by 1.7% in the fourth quarter. Fortitude Family Office LLC now owns 8,695 shares of the financial services provider’s stock valued at $914,000 after buying an additional 147 shares in the last quarter. CWA Asset Management Group LLC lifted its stake in Iron Mountain by 572.0% in the 4th quarter. CWA Asset Management Group LLC now owns 13,568 shares of the financial services provider’s stock valued at $1,426,000 after buying an additional 11,549 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Iron Mountain by 2.5% in the 4th quarter. Nordea Investment Management AB now owns 27,961 shares of the financial services provider’s stock valued at $2,907,000 after purchasing an additional 685 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Activity at Iron Mountain

In other Iron Mountain news, EVP Mithu Bhargava sold 8,263 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the completion of the transaction, the executive vice president now owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. This trade represents a 38.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William L. Meaney sold 15,875 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $118.97, for a total value of $1,888,648.75. Following the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $35,173,480.50. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,016 shares of company stock worth $13,666,427 over the last 90 days. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IRM. Stifel Nicolaus raised their target price on Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Wells Fargo & Company upped their target price on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their target price on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, Barclays decreased their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $131.00.

Iron Mountain Trading Up 1.7 %

Shares of IRM stock opened at $103.99 on Wednesday. The business’s fifty day moving average price is $112.30 and its 200 day moving average price is $111.40. The firm has a market capitalization of $30.52 billion, a PE ratio of 288.87, a P/E/G ratio of 6.70 and a beta of 1.02. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.75. Iron Mountain Incorporated has a 1-year low of $64.68 and a 1-year high of $130.24.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were issued a $0.715 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.75%. Iron Mountain’s dividend payout ratio is presently 794.44%.

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.