Iron Mountain Incorporated (NYSE:IRM) Shares Bought by National Bank of Canada FI

National Bank of Canada FI increased its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 74.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,692 shares of the financial services provider's stock after acquiring an additional 72,131 shares during the quarter. National Bank of Canada FI owned approximately 0.06% of Iron Mountain worth $20,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC lifted its position in Iron Mountain by 26.3% during the 2nd quarter. CWM LLC now owns 7,645 shares of the financial services provider's stock worth $685,000 after acquiring an additional 1,593 shares during the period. Sequoia Financial Advisors LLC grew its position in Iron Mountain by 12.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,935 shares of the financial services provider's stock valued at $711,000 after buying an additional 862 shares during the last quarter. Wedmont Private Capital acquired a new position in Iron Mountain in the 2nd quarter valued at $250,000. Maia Wealth LLC purchased a new position in Iron Mountain during the 2nd quarter worth $215,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Iron Mountain by 7.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 113,698 shares of the financial services provider's stock worth $10,190,000 after acquiring an additional 7,415 shares during the period. Hedge funds and other institutional investors own 80.13% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on IRM shares. 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. BNP Paribas upgraded Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price target on Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Barclays dropped their price objective on Iron Mountain from $133.00 to $131.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. Finally, Stifel Nicolaus raised their target price on Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $131.00.

Iron Mountain Price Performance

Shares of NYSE:IRM traded down $2.31 during midday trading on Tuesday, hitting $112.03. 2,486,723 shares of the stock were exchanged, compared to its average volume of 1,593,832. Iron Mountain Incorporated has a twelve month low of $64.68 and a twelve month high of $130.24. 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 company has a 50 day moving average price of $120.67 and a 200-day moving average price of $107.77. The stock has a market cap of $32.88 billion, a P/E ratio of 317.64, a PEG ratio of 7.20 and a beta of 0.98.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Monday, December 16th. Iron Mountain's payout ratio is currently 794.44%.

Insider Buying and Selling at Iron Mountain

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

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.