Iron Mountain Incorporated (NYSE:IRM) Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,330 shares of the financial services provider’s stock after acquiring an additional 437 shares during the quarter. Moody National Bank Trust Division’s holdings in Iron Mountain were worth $1,439,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Compass Wealth Management LLC purchased a new position in Iron Mountain in the fourth quarter valued at approximately $26,000. Prostatis Group LLC purchased a new position in shares of Iron Mountain in the 4th quarter valued at $28,000. BOKF NA acquired a new stake in Iron Mountain during the 1st quarter worth $31,000. True Wealth Design LLC purchased a new stake in Iron Mountain in the fourth quarter valued at $33,000. Finally, Kalos Management Inc. acquired a new position in Iron Mountain in the first quarter valued at $36,000. Hedge funds and other institutional investors own 76.94% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays boosted their target price on Iron Mountain from $64.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, August 7th. StockNews.com began coverage on shares of Iron Mountain in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada upgraded shares of Iron Mountain from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $58.00 to $68.00 in a research note on Monday, August 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.75.

Iron Mountain Trading Down 1.5 %

NYSE IRM opened at $62.85 on Friday. 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 stock has a market capitalization of $18.34 billion, a P/E ratio of 48.35, a P/E/G ratio of 4.19 and a beta of 0.92. Iron Mountain Incorporated has a 52-week low of $43.33 and a 52-week high of $64.37. The firm has a 50-day moving average price of $61.38 and a 200 day moving average price of $56.68.

Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be given a $0.65 dividend. This is a boost from Iron Mountain’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, September 14th. This represents a $2.60 annualized dividend and a yield of 4.14%. Iron Mountain’s dividend payout ratio is presently 200.00%.

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.