Fidelis Capital Partners LLC Takes Position in Iron Mountain Incorporated (NYSE:IRM)

Fidelis Capital Partners LLC purchased a new stake in shares of Iron Mountain Incorporated (NYSE:IRMFree Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,970 shares of the financial services provider’s stock, valued at approximately $318,000.

A number of other large investors have also recently modified their holdings of IRM. Blue Trust Inc. lifted its position in Iron Mountain by 201.7% in the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after buying an additional 242 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Iron Mountain in the 4th quarter worth approximately $26,000. CVA Family Office LLC bought a new stake in Iron Mountain in the 4th quarter worth approximately $32,000. Transcendent Capital Group LLC bought a new stake in Iron Mountain in the 4th quarter worth approximately $36,000. Finally, Heritage Wealth Advisors bought a new stake in Iron Mountain in the 4th quarter worth approximately $38,000. Institutional investors own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

IRM has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. The Goldman Sachs Group boosted their price objective on Iron Mountain from $89.00 to $101.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.33.

View Our Latest Research Report on Iron Mountain

Iron Mountain Price Performance

Shares of IRM stock opened at $92.87 on Tuesday. The stock has a market cap of $27.22 billion, a price-to-earnings ratio of 140.71, a PEG ratio of 5.43 and a beta of 0.98. The business’s fifty day moving average is $83.96 and its 200 day moving average is $77.02. Iron Mountain Incorporated has a twelve month low of $56.51 and a twelve month high of $92.96. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Monday, June 17th. Iron Mountain’s dividend payout ratio (DPR) is 393.95%.

Insiders Place Their Bets

In other Iron Mountain news, COO John Tomovcsik sold 35,084 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $88.76, for a total value of $3,114,055.84. Following the sale, the chief operating officer now directly owns 20,366 shares of the company’s stock, valued at $1,807,686.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Wendy J. Murdock sold 1,500 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $75.35, for a total transaction of $113,025.00. Following the transaction, the director now directly owns 24,491 shares of the company’s stock, valued at $1,845,396.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John Tomovcsik sold 35,084 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $88.76, for a total value of $3,114,055.84. Following the transaction, the chief operating officer now directly owns 20,366 shares in the company, valued at $1,807,686.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,053 shares of company stock valued at $8,272,681. 2.10% of the stock is currently owned by corporate insiders.

About Iron Mountain

(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

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

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