Rosenberg Matthew Hamilton Takes $113,000 Position in Iron Mountain Incorporated (NYSE:IRM)

Rosenberg Matthew Hamilton purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,075 shares of the financial services provider’s stock, valued at approximately $113,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. increased its stake in shares of Iron Mountain by 1.2% in the second quarter. Federated Hermes Inc. now owns 50,547 shares of the financial services provider’s stock valued at $4,530,000 after buying an additional 614 shares in the last quarter. Parallel Advisors LLC increased its position in Iron Mountain by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 3,217 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 243 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Iron Mountain by 1.8% in the second quarter. J.W. Cole Advisors Inc. now owns 6,976 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 126 shares during the last quarter. Wulff Hansen & CO. lifted its position in shares of Iron Mountain by 8,862.0% during the second quarter. Wulff Hansen & CO. now owns 405,082 shares of the financial services provider’s stock worth $36,303,000 after purchasing an additional 400,562 shares in the last quarter. Finally, Edgestream Partners L.P. grew its stake in shares of Iron Mountain by 147.8% during the second quarter. Edgestream Partners L.P. now owns 56,679 shares of the financial services provider’s stock valued at $5,080,000 after purchasing an additional 33,803 shares during the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Price Performance

Iron Mountain stock opened at $103.99 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. The firm has a market capitalization of $30.52 billion, a P/E ratio of 288.87, a PEG ratio of 6.70 and a beta of 1.02. The business has a 50-day moving average of $112.30 and a 200-day moving average of $111.40. Iron Mountain Incorporated has a 1 year low of $64.68 and a 1 year high of $130.24.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Monday, December 16th. Iron Mountain’s dividend payout ratio is currently 794.44%.

Insider Buying and Selling at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $118.97, for a total value of $1,888,648.75. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at $35,173,480.50. This represents a 5.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mithu Bhargava sold 8,263 shares of Iron Mountain stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the transaction, the executive vice president now owns 13,054 shares in the company, valued at approximately $1,364,012.46. This represents a 38.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,016 shares of company stock valued at $13,666,427. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. BNP Paribas raised Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Barclays cut their target price on shares of Iron Mountain from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Stifel Nicolaus lifted their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Royal Bank of Canada boosted their price target on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $131.00.

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.