4,150 Shares in Iron Mountain Incorporated (NYSE:IRM) Bought by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC bought a new position in Iron Mountain Incorporated (NYSE:IRMGet Rating) during the 1st quarter, Holdings Channel reports. The fund bought 4,150 shares of the financial services provider’s stock, valued at approximately $230,000.

Several other institutional investors have also recently bought and sold shares of IRM. Border to Coast Pensions Partnership Ltd bought a new position in shares of Iron Mountain during the 1st quarter worth about $44,022,000. Royal Bank of Canada increased its holdings in shares of Iron Mountain by 97.1% during the 1st quarter. Royal Bank of Canada now owns 1,069,486 shares of the financial services provider’s stock worth $59,260,000 after purchasing an additional 526,994 shares during the period. State Street Corp increased its holdings in shares of Iron Mountain by 3.8% during the 4th quarter. State Street Corp now owns 14,360,244 shares of the financial services provider’s stock worth $760,179,000 after purchasing an additional 522,760 shares during the period. National Pension Service increased its holdings in shares of Iron Mountain by 522.8% during the 1st quarter. National Pension Service now owns 518,482 shares of the financial services provider’s stock worth $28,729,000 after purchasing an additional 435,237 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Iron Mountain by 55.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,153,872 shares of the financial services provider’s stock worth $60,381,000 after purchasing an additional 409,697 shares during the period. Institutional investors own 76.80% of the company’s stock.

Insider Activity

In other Iron Mountain news, EVP Deborah Marson sold 1,125 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $47.50, for a total value of $53,437.50. Following the transaction, the executive vice president now directly owns 52,532 shares in the company, valued at $2,495,270. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Iron Mountain news, EVP Greg W. Mcintosh sold 5,800 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $52.95, for a total value of $307,110.00. Following the transaction, the executive vice president now directly owns 6,355 shares in the company, valued at $336,497.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Deborah Marson sold 1,125 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $47.50, for a total transaction of $53,437.50. Following the completion of the transaction, the executive vice president now owns 52,532 shares in the company, valued at $2,495,270. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,175 shares of company stock worth $481,845. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on IRM. StockNews.com downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, August 20th. Evercore ISI boosted their price objective on shares of Iron Mountain to $63.00 in a report on Monday, August 22nd. Finally, Barclays began coverage on shares of Iron Mountain in a research report on Friday, June 24th. They set an “overweight” rating and a $58.00 target price on the stock.

Iron Mountain Price Performance

Shares of Iron Mountain stock opened at $53.50 on Friday. The company has a debt-to-equity ratio of 15.33, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50-day simple moving average is $51.21 and its 200-day simple moving average is $51.78. Iron Mountain Incorporated has a twelve month low of $41.67 and a twelve month high of $58.61. The firm has a market cap of $15.55 billion, a P/E ratio of 42.46, a price-to-earnings-growth ratio of 3.82 and a beta of 0.75.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.618 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $2.47 annualized dividend and a dividend yield of 4.62%. Iron Mountain’s dividend payout ratio (DPR) is currently 196.03%.

About Iron Mountain

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Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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