Natixis Advisors LLC lessened its holdings in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 201,574 shares of the financial services provider's stock after selling 9,402 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Iron Mountain worth $23,954,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its stake in Iron Mountain by 49.2% during the second quarter. Legal & General Group Plc now owns 3,899,276 shares of the financial services provider's stock valued at $349,453,000 after buying an additional 1,286,694 shares during the period. AGF Management Ltd. raised its holdings in shares of Iron Mountain by 76.3% during the second quarter. AGF Management Ltd. now owns 2,245,393 shares of the financial services provider's stock valued at $201,232,000 after purchasing an additional 972,101 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Iron Mountain by 2,193.9% in the third quarter. Mizuho Securities USA LLC now owns 518,501 shares of the financial services provider's stock worth $61,613,000 after buying an additional 495,898 shares during the last quarter. International Assets Investment Management LLC raised its stake in Iron Mountain by 12,953.4% during the 3rd quarter. International Assets Investment Management LLC now owns 448,644 shares of the financial services provider's stock worth $53,312,000 after acquiring an additional 445,207 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its holdings in Iron Mountain by 45.0% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,298,330 shares of the financial services provider's stock worth $116,356,000 after purchasing an additional 402,625 shares in the last quarter. Institutional investors own 80.13% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on IRM. The Goldman Sachs Group increased their price objective on shares of Iron Mountain from $106.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on Iron Mountain from $82.00 to $121.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Wells Fargo & Company lifted their target price on Iron Mountain from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. BNP Paribas raised Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Finally, Barclays dropped their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Monday. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $129.40.
View Our Latest Report on Iron Mountain
Iron Mountain Trading Up 0.3 %
NYSE:IRM traded up $0.37 on Tuesday, reaching $115.87. The company's stock had a trading volume of 330,889 shares, compared to its average volume of 1,598,789. The firm has a market cap of $34.00 billion, a price-to-earnings ratio of 319.33, a price-to-earnings-growth ratio of 6.88 and a beta of 0.99. 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 Incorporated has a 12-month low of $61.80 and a 12-month high of $130.24. The stock has a 50 day moving average price of $119.68 and a 200 day moving average price of $103.52.
Iron Mountain Announces Dividend
The company 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 $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 2.47%. The ex-dividend date is Monday, December 16th. Iron Mountain's dividend payout ratio is currently 794.44%.
Insider Transactions at Iron Mountain
In other Iron Mountain news, Director Wendy J. Murdock sold 8,500 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was 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 in the company, valued at $1,725,799.02. This trade represents a 36.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 $35,173,480.50. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,125 shares of company stock valued at $6,613,584. 2.10% of the stock is currently owned by corporate insiders.
Iron Mountain 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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