7,873 Shares in Iron Mountain Incorporated (NYSE:IRM) Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board acquired a new stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,873 shares of the financial services provider's stock, valued at approximately $936,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IRM. O Shaughnessy Asset Management LLC raised its stake in Iron Mountain by 34.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,344 shares of the financial services provider's stock worth $1,231,000 after purchasing an additional 3,906 shares during the period. Bessemer Group Inc. lifted its position in shares of Iron Mountain by 13.8% during the 1st quarter. Bessemer Group Inc. now owns 6,461 shares of the financial services provider's stock worth $518,000 after buying an additional 781 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Iron Mountain in the 1st quarter valued at $5,133,000. Advisors Asset Management Inc. raised its position in Iron Mountain by 2.3% in the 1st quarter. Advisors Asset Management Inc. now owns 53,850 shares of the financial services provider's stock valued at $4,319,000 after purchasing an additional 1,203 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in Iron Mountain by 39.5% in the 1st quarter. Toronto Dominion Bank now owns 166,908 shares of the financial services provider's stock valued at $13,388,000 after buying an additional 47,271 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

Iron Mountain Price Performance

Iron Mountain stock traded up $2.51 on Thursday, reaching $118.81. The company's stock had a trading volume of 287,085 shares, compared to its average volume of 1,592,060. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $34.87 billion, a price-to-earnings ratio of 323.06, a PEG ratio of 6.98 and a beta of 0.99. The business's fifty day moving average price is $119.76 and its 200 day moving average price is $103.89. Iron Mountain Incorporated has a twelve month low of $62.58 and a twelve month high of $130.24.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Monday, December 16th. Iron Mountain's dividend payout ratio (DPR) is presently 794.47%.

Wall Street Analyst Weigh In

IRM has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of Iron Mountain from $82.00 to $121.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Barclays dropped their target price on shares of Iron Mountain from $133.00 to $131.00 and set an "overweight" rating for the company in a research report on Monday. BNP Paribas raised shares of Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their target price on Iron Mountain from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Finally, 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. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $129.40.

Insider Activity at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was 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 owns 295,650 shares of the company's stock, valued at $34,697,484. This represents a 5.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Wendy J. Murdock sold 8,500 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 14,829 shares of the company's stock, valued at approximately $1,725,799.02. The trade was a 36.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,125 shares of company stock worth $6,613,584. 2.10% of the stock is owned by insiders.

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.