Iron Mountain Incorporated (NYSE:IRM) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 456,295 shares of the financial services provider's stock after acquiring an additional 7,023 shares during the period. Nomura Asset Management Co. Ltd. owned 0.16% of Iron Mountain worth $54,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Iron Mountain during the third quarter worth $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Iron Mountain in the 2nd quarter worth $32,000. West Branch Capital LLC purchased a new stake in shares of Iron Mountain in the third quarter valued at about $33,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Iron Mountain during the third quarter worth about $36,000. Finally, Family Firm Inc. purchased a new position in Iron Mountain during the second quarter worth about $45,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Price Performance

Shares of Iron Mountain stock traded down $2.31 on Tuesday, hitting $112.03. The company's stock had a trading volume of 2,486,723 shares, compared to its average volume of 1,593,832. The company has a market capitalization of $32.88 billion, a P/E ratio of 311.19, a price-to-earnings-growth ratio of 7.20 and a beta of 0.98. Iron Mountain Incorporated has a 52-week low of $64.68 and a 52-week high of $130.24. The firm has a fifty day moving average price of $120.54 and a 200-day moving average price of $107.99. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, December 16th. Iron Mountain's dividend payout ratio (DPR) is presently 794.44%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Iron Mountain news, Director Wendy J. Murdock sold 8,500 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total transaction 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 trade represents a 36.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William L. Meaney sold 15,875 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the completion of the transaction, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at approximately $34,697,484. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,125 shares of company stock worth $6,613,584 over the last ninety days. 2.10% of the stock is currently owned by insiders.

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.