Analysts Set Iron Mountain Incorporated (NYSE:IRM) PT at $131.00

Iron Mountain Incorporated (NYSE:IRM - Get Free Report) has been assigned a consensus rating of "Buy" from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $131.00.

IRM has been the topic of several research reports. Wells Fargo & Company raised their target price on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their price objective on Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Barclays lowered their target price on Iron Mountain from $133.00 to $131.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. Stifel Nicolaus increased their price objective on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Finally, BNP Paribas raised shares of Iron Mountain to a "strong-buy" rating in a report on Wednesday, November 6th.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,872 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of Iron Mountain stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $104.49, for a total transaction of $863,400.87. Following the sale, the executive vice president now owns 13,054 shares in the company, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,016 shares of company stock valued at $13,666,427 over the last three months. Corporate insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On Iron Mountain

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. OneDigital Investment Advisors LLC lifted its stake in Iron Mountain by 1.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider's stock worth $711,000 after purchasing an additional 89 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Iron Mountain by 0.8% in the third quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider's stock worth $1,351,000 after buying an additional 92 shares in the last quarter. Geller Advisors LLC lifted its position in shares of Iron Mountain by 2.9% in the third quarter. Geller Advisors LLC now owns 3,373 shares of the financial services provider's stock worth $403,000 after buying an additional 96 shares in the last quarter. Schmidt P J Investment Management Inc. boosted its stake in Iron Mountain by 3.6% during the third quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider's stock valued at $340,000 after buying an additional 100 shares during the last quarter. Finally, Claro Advisors LLC increased its stake in Iron Mountain by 0.6% in the 3rd quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider's stock worth $1,986,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 80.13% of the company's stock.

Iron Mountain Stock Performance

Shares of NYSE IRM opened at $101.21 on Monday. The firm's 50-day moving average price is $112.71 and its 200-day moving average price is $111.31. Iron Mountain has a 52-week low of $64.68 and a 52-week high of $130.24. The company has a market cap of $29.70 billion, a PE ratio of 281.15, a PEG ratio of 6.70 and a beta of 1.02. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 674.63.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 2.83%. The ex-dividend date was Monday, December 16th. Iron Mountain's dividend payout ratio is 794.44%.

Iron Mountain Company 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.