Woodstock Corp Sells 370 Shares of Iron Mountain Incorporated (NYSE:IRM)

Woodstock Corp lowered its position in Iron Mountain Incorporated (NYSE:IRM) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 76,789 shares of the financial services provider’s stock after selling 370 shares during the period. Woodstock Corp’s holdings in Iron Mountain were worth $4,363,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp grew its holdings in Iron Mountain by 1.8% during the 1st quarter. State Street Corp now owns 14,622,009 shares of the financial services provider’s stock valued at $819,026,000 after buying an additional 261,765 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Iron Mountain by 12.1% during the first quarter. Geode Capital Management LLC now owns 7,781,928 shares of the financial services provider’s stock valued at $411,015,000 after purchasing an additional 837,623 shares in the last quarter. Deutsche Bank AG grew its position in shares of Iron Mountain by 10.5% during the first quarter. Deutsche Bank AG now owns 4,584,196 shares of the financial services provider’s stock valued at $242,550,000 after purchasing an additional 436,842 shares in the last quarter. Moneta Group Investment Advisors LLC purchased a new position in shares of Iron Mountain during the fourth quarter valued at about $224,698,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Iron Mountain by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,219,190 shares of the financial services provider’s stock valued at $223,231,000 after purchasing an additional 116,057 shares in the last quarter. Institutional investors own 76.94% of the company’s stock.

Iron Mountain Trading Down 0.4 %

IRM traded down $0.25 on Friday, hitting $63.57. The company had a trading volume of 431,697 shares, compared to its average volume of 1,393,565. The company has a market cap of $18.55 billion, a PE ratio of 49.09, a PEG ratio of 4.19 and a beta of 0.92. Iron Mountain Incorporated has a 12-month low of $43.33 and a 12-month high of $64.37. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 26.77. The business’s fifty day simple moving average is $61.28 and its 200 day simple moving average is $56.61.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.09%. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, September 14th. Iron Mountain’s payout ratio is presently 200.00%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Iron Mountain news, EVP Deborah Marson sold 2,381 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $59.21, for a total transaction of $140,979.01. Following the completion of the transaction, the executive vice president now owns 62,026 shares in the company, valued at $3,672,559.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO William L. Meaney sold 10,507 shares of the business’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $59.45, for a total transaction of $624,641.15. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares of the company’s stock, valued at $17,576,392.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deborah Marson sold 2,381 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $59.21, for a total transaction of $140,979.01. Following the sale, the executive vice president now directly owns 62,026 shares of the company’s stock, valued at $3,672,559.46. The disclosure for this sale can be found here. Insiders sold 37,395 shares of company stock valued at $2,256,112 over the last three months. 2.20% of the stock is owned by company insiders.

Iron Mountain Company 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.