Oppenheimer & Co. Inc. Has $2.28 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Oppenheimer & Co. Inc. lifted its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 36.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,192 shares of the financial services provider's stock after purchasing an additional 5,086 shares during the period. Oppenheimer & Co. Inc.'s holdings in Iron Mountain were worth $2,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Iron Mountain during the 3rd quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Iron Mountain during the second quarter worth approximately $32,000. West Branch Capital LLC acquired a new position in shares of Iron Mountain in the third quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Iron Mountain in the second quarter valued at approximately $36,000. Finally, Headlands Technologies LLC bought a new position in shares of Iron Mountain during the first quarter worth approximately $38,000. 80.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IRM. Barclays boosted their price target on Iron Mountain from $91.00 to $133.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Stifel Nicolaus boosted their target price on shares of Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. BNP Paribas upgraded shares of Iron Mountain to a "strong-buy" rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their target price on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Iron Mountain presently has an average rating of "Buy" and an average price target of $129.80.

Iron Mountain Price Performance

IRM stock traded up $1.76 during mid-day trading on Friday, hitting $114.88. The stock had a trading volume of 1,486,102 shares, compared to its average volume of 1,629,364. The firm has a fifty day simple moving average of $119.57 and a 200 day simple moving average of $103.07. The firm has a market capitalization of $33.71 billion, a P/E ratio of 319.12, a P/E/G ratio of 6.88 and a beta of 0.99. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 674.63. Iron Mountain Incorporated has a 52 week low of $61.59 and a 52 week high of $130.24.

Iron Mountain Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, December 16th. This represents a $2.86 annualized dividend and a yield of 2.49%. Iron Mountain's dividend payout ratio is currently 794.47%.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 15,875 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $118.97, for a total transaction of $1,888,648.75. Following the sale, the chief executive officer now owns 295,650 shares of the company's stock, valued at $35,173,480.50. This trade represents a 5.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Wendy J. Murdock sold 8,500 shares of Iron Mountain stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total value of $989,230.00. Following the completion of the transaction, the director now directly owns 14,829 shares of the company's stock, valued at approximately $1,725,799.02. This trade represents a 36.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,387 shares of company stock valued at $6,971,838. Corporate insiders own 2.10% of the company's stock.

About Iron Mountain

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.