Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in shares of Iron Mountain Incorporated (NYSE:IRMFree Report) by 660.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,120 shares of the financial services provider’s stock after acquiring an additional 56,560 shares during the quarter. Quantbot Technologies LP’s holdings in Iron Mountain were worth $5,223,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Iron Mountain by 201.7% during the 4th quarter. Blue Trust Inc. now owns 362 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Iron Mountain during the fourth quarter worth $26,000. CVA Family Office LLC purchased a new stake in Iron Mountain in the 4th quarter valued at $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Iron Mountain in the 4th quarter worth $36,000. Finally, Heritage Wealth Advisors purchased a new position in shares of Iron Mountain during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Trading Up 1.5 %

NYSE IRM traded up $1.44 on Friday, reaching $95.96. The stock had a trading volume of 1,709,070 shares, compared to its average volume of 1,597,737. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63. The stock has a fifty day moving average price of $84.96 and a two-hundred day moving average price of $77.43. Iron Mountain Incorporated has a 12-month low of $56.51 and a 12-month high of $97.50. The firm has a market capitalization of $28.13 billion, a price-to-earnings ratio of 143.21, a P/E/G ratio of 5.64 and a beta of 0.98.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Monday, June 17th were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $2.60 annualized dividend and a dividend yield of 2.71%. Iron Mountain’s dividend payout ratio is presently 393.95%.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $91.59, for a total value of $1,453,991.25. Following the completion of the transaction, the chief executive officer now owns 295,650 shares in the company, valued at $27,078,583.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on Monday, July 8th. The stock was sold at an average price of $91.59, for a total value of $1,453,991.25. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares in the company, valued at $27,078,583.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $77.80, for a total value of $155,600.00. Following the sale, the executive vice president now owns 63,286 shares in the company, valued at approximately $4,923,650.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,928 shares of company stock valued at $9,726,673. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IRM shares. The Goldman Sachs Group raised their price objective on shares of Iron Mountain from $89.00 to $101.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Wells Fargo & Company raised their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, Stifel Nicolaus upped their price objective on Iron Mountain from $86.00 to $103.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.83.

Read Our Latest Stock Report on Iron Mountain

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.

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

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