Banque Cantonale Vaudoise Buys Shares of 10,275 Iron Mountain Incorporated (NYSE:IRM)

Banque Cantonale Vaudoise acquired a new stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,275 shares of the financial services provider's stock, valued at approximately $1,221,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Prospera Financial Services Inc boosted its stake in shares of Iron Mountain by 11.3% during the 3rd quarter. Prospera Financial Services Inc now owns 2,808 shares of the financial services provider's stock worth $334,000 after purchasing an additional 285 shares during the period. Caprock Group LLC lifted its stake in Iron Mountain by 26.3% in the third quarter. Caprock Group LLC now owns 5,049 shares of the financial services provider's stock worth $605,000 after purchasing an additional 1,051 shares during the last quarter. Caldwell Investment Management Ltd. purchased a new position in shares of Iron Mountain during the third quarter valued at approximately $688,000. OneAscent Wealth Management LLC grew its stake in shares of Iron Mountain by 4.9% during the third quarter. OneAscent Wealth Management LLC now owns 3,765 shares of the financial services provider's stock valued at $450,000 after buying an additional 176 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of Iron Mountain in the third quarter worth approximately $215,000. Hedge funds and other institutional investors own 80.13% of the company's stock.

Wall Street Analysts Forecast Growth

IRM has been the topic of several research analyst reports. Barclays cut their price objective on Iron Mountain from $133.00 to $131.00 and set an "overweight" rating on the stock in a research report on Monday. JPMorgan Chase & Co. raised their price objective on Iron Mountain from $82.00 to $121.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Stifel Nicolaus increased their price target on Iron Mountain from $117.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Wells Fargo & Company lifted their price objective on Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Finally, BNP Paribas raised shares of Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $129.40.

Insiders Place Their Bets

In other news, Director Wendy J. Murdock sold 8,500 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total value of $989,230.00. Following the sale, the director now directly owns 14,829 shares of the company's stock, valued at $1,725,799.02. This represents a 36.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $118.97, for a total value of $1,888,648.75. Following the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $35,173,480.50. This trade represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,125 shares of company stock valued at $6,613,584. Insiders own 2.10% of the company's stock.

Iron Mountain Trading Down 0.2 %

Shares of NYSE IRM opened at $116.30 on Thursday. Iron Mountain Incorporated has a 1-year low of $62.56 and a 1-year high of $130.24. The business has a fifty day moving average price of $119.76 and a 200 day moving average price of $103.89. The stock has a market capitalization of $34.13 billion, a P/E ratio of 323.06, a price-to-earnings-growth ratio of 6.98 and a beta of 0.99. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.75.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a yield of 2.46%. Iron Mountain's payout ratio is 794.47%.

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.