Hennion & Walsh Asset Management Inc. Purchases 7,282 Shares of Iron Mountain Incorporated (NYSE:IRM)

Hennion & Walsh Asset Management Inc. boosted its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 13.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,269 shares of the financial services provider’s stock after purchasing an additional 7,282 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Iron Mountain were worth $5,075,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chesley Taft & Associates LLC raised its holdings in shares of Iron Mountain by 1.0% in the first quarter. Chesley Taft & Associates LLC now owns 14,650 shares of the financial services provider’s stock worth $1,175,000 after buying an additional 150 shares during the period. Global Retirement Partners LLC lifted its position in shares of Iron Mountain by 1.7% during the fourth quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 156 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Iron Mountain by 17.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,171 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 171 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Iron Mountain by 4.0% during the fourth 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 during the period. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Iron Mountain by 48.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 618 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 201 shares during the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IRM has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price objective on shares of Iron Mountain from $89.00 to $101.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company raised their price objective on Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, Barclays upped their target price on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.33.

Iron Mountain Stock Up 0.5 %

NYSE IRM traded up $0.41 during midday trading on Friday, hitting $89.62. 3,284,005 shares of the company traded hands, compared to its average volume of 2,524,909. Iron Mountain Incorporated has a 52 week low of $55.02 and a 52 week high of $90.40. The company’s 50-day simple moving average is $82.25 and its 200-day simple moving average is $75.92. The company has a market cap of $26.27 billion, a PE ratio of 135.79, a price-to-earnings-growth ratio of 5.28 and a beta of 0.95. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.86 and a quick ratio of 0.86.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.60 annualized dividend and a yield of 2.90%. Iron Mountain’s dividend payout ratio (DPR) is presently 393.95%.

Insiders Place Their Bets

In other news, Director Wendy J. Murdock sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $75.35, for a total value of $113,025.00. Following the sale, the director now directly owns 24,491 shares in the company, valued at approximately $1,845,396.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Iron Mountain news, COO John Tomovcsik sold 35,084 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 20,366 shares of the company’s stock, valued at $1,807,686.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Wendy J. Murdock sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $75.35, for a total value of $113,025.00. Following the completion of the sale, the director now directly owns 24,491 shares of the company’s stock, valued at approximately $1,845,396.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,511 shares of company stock worth $8,787,218. 2.10% of the stock is owned by corporate insiders.

Iron Mountain Profile

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.