Public Employees Retirement Association of Colorado Has $2.24 Million Stake in Iron Mountain Incorporated (NYSE:IRM)

Public Employees Retirement Association of Colorado decreased its position in Iron Mountain Incorporated (NYSE:IRMFree Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 32,025 shares of the financial services provider’s stock after selling 1,142 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Iron Mountain were worth $2,241,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its stake in shares of Iron Mountain by 1.7% during the 4th quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock valued at $612,000 after buying an additional 156 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of Iron Mountain by 17.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,171 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 171 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Iron Mountain by 4.0% during the 4th quarter. Federated Hermes Inc. now owns 4,599 shares of the financial services provider’s stock valued at $322,000 after purchasing an additional 179 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Iron Mountain by 48.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 618 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. Finally, Bank of New Hampshire raised its holdings in shares of Iron Mountain by 38.3% during the 4th quarter. Bank of New Hampshire now owns 795 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Analyst Ratings Changes

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

Get Our Latest Report on IRM

Insider Transactions at Iron Mountain

In other news, EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $78.48, for a total transaction of $156,960.00. Following the transaction, the executive vice president now owns 65,286 shares in the company, valued at approximately $5,123,645.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $78.48, for a total transaction of $156,960.00. Following the sale, the executive vice president now directly owns 65,286 shares in the company, valued at approximately $5,123,645.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark Kidd sold 4,458 shares of Iron Mountain stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $80.21, for a total transaction of $357,576.18. Following the sale, the executive vice president now owns 62,938 shares in the company, valued at $5,048,256.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,209 shares of company stock worth $3,639,643. 2.10% of the stock is currently owned by company insiders.

Iron Mountain Stock Performance

NYSE:IRM opened at $85.47 on Monday. The firm’s 50-day moving average is $78.84 and its 200-day moving average is $73.51. Iron Mountain Incorporated has a 52-week low of $53.74 and a 52-week high of $85.63. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $25.05 billion, a price-to-earnings ratio of 129.50, a PEG ratio of 5.11 and a beta of 0.95.

Iron Mountain Dividend Announcement

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

Iron Mountain 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

Want to see what other hedge funds are holding IRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iron Mountain Incorporated (NYSE:IRMFree Report).

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

Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.