Iron Mountain Incorporated (NYSE:IRM) Stock Holdings Lifted by Ossiam

Ossiam grew its position in Iron Mountain Incorporated (NYSE:IRMFree Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,685 shares of the financial services provider’s stock after purchasing an additional 719 shares during the period. Ossiam’s holdings in Iron Mountain were worth $2,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management grew its position in Iron Mountain by 71.1% in the third quarter. Spire Wealth Management now owns 2,760 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 1,147 shares in the last quarter. Pathstone Family Office LLC raised its holdings in Iron Mountain by 72.1% during the third quarter. Pathstone Family Office LLC now owns 23,200 shares of the financial services provider’s stock valued at $1,387,000 after buying an additional 9,719 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Iron Mountain by 140.6% in the third quarter. HighTower Advisors LLC now owns 159,030 shares of the financial services provider’s stock worth $9,451,000 after buying an additional 92,924 shares during the last quarter. UBS Group AG increased its holdings in shares of Iron Mountain by 3.5% during the 3rd quarter. UBS Group AG now owns 892,448 shares of the financial services provider’s stock valued at $53,056,000 after acquiring an additional 30,140 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Iron Mountain by 15.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,682 shares of the financial services provider’s stock valued at $3,489,000 after purchasing an additional 7,822 shares during the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Trading Up 0.7 %

Iron Mountain stock opened at $85.47 on Monday. Iron Mountain Incorporated has a 12 month low of $53.74 and a 12 month high of $85.63. The stock has a market cap of $25.05 billion, a price-to-earnings ratio of 129.50, a price-to-earnings-growth ratio of 5.11 and a beta of 0.95. The business has a 50 day moving average price of $78.84 and a two-hundred day moving average price of $73.51. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Monday, June 17th. Iron Mountain’s dividend payout ratio is 393.95%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays raised their target price on shares of Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. TheStreet downgraded Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company lifted their price target on Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Iron Mountain has a consensus rating of “Moderate Buy” and an average target price of $73.80.

Check Out Our Latest Analysis on Iron Mountain

Insider Activity

In other news, EVP Mark Kidd sold 4,458 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $80.21, for a total value of $357,576.18. Following the sale, the executive vice president now directly owns 62,938 shares in the company, valued at approximately $5,048,256.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Iron Mountain news, Director Walter C. Rakowich sold 954 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $81.33, for a total value of $77,588.82. Following the transaction, the director now directly owns 35,166 shares in the company, valued at $2,860,050.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark Kidd sold 4,458 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $80.21, for a total transaction of $357,576.18. Following the sale, the executive vice president now directly owns 62,938 shares of the company’s stock, valued at approximately $5,048,256.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,209 shares of company stock worth $3,639,643. Corporate insiders own 2.10% of the company’s stock.

Iron Mountain Company Profile

(Free Report)

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.

See Also

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

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