Pensionfund DSM Netherlands Has $4.47 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Pensionfund DSM Netherlands reduced its position in Iron Mountain Incorporated (NYSE:IRM - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,500 shares of the financial services provider's stock after selling 15,000 shares during the period. Iron Mountain comprises about 2.8% of Pensionfund DSM Netherlands' holdings, making the stock its 11th largest position. Pensionfund DSM Netherlands' holdings in Iron Mountain were worth $4,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of IRM. National Bank of Canada FI raised its position in shares of Iron Mountain by 20.0% in the second quarter. National Bank of Canada FI now owns 96,561 shares of the financial services provider's stock valued at $8,660,000 after purchasing an additional 16,080 shares during the period. Private Advisor Group LLC raised its holdings in Iron Mountain by 10.4% in the 2nd quarter. Private Advisor Group LLC now owns 93,985 shares of the financial services provider's stock valued at $8,423,000 after acquiring an additional 8,877 shares in the last quarter. SVB Wealth LLC increased its position in shares of Iron Mountain by 1.4% during the second quarter. SVB Wealth LLC now owns 15,139 shares of the financial services provider's stock valued at $1,357,000 after purchasing an additional 212 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Iron Mountain in the 2nd quarter valued at $209,000. Finally, Caprock Group LLC increased its stake in Iron Mountain by 21.0% in the second quarter. Caprock Group LLC now owns 3,998 shares of the financial services provider's stock valued at $361,000 after acquiring an additional 694 shares during the period. Institutional investors own 80.13% of the company's stock.

Iron Mountain Trading Down 2.2 %

Shares of IRM traded down $2.35 during trading hours on Monday, reaching $103.35. The stock had a trading volume of 1,901,167 shares, compared to its average volume of 2,230,825. Iron Mountain Incorporated has a 52 week low of $64.68 and a 52 week high of $130.24. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 674.63. The company has a market cap of $30.33 billion, a P/E ratio of 287.09, a P/E/G ratio of 6.70 and a beta of 1.02. The firm has a 50-day moving average of $115.05 and a 200 day moving average of $110.84.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a $0.715 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.86 annualized dividend and a dividend yield of 2.77%. Iron Mountain's dividend payout ratio is presently 794.44%.

Insider Buying and Selling

In related news, EVP Mithu Bhargava sold 8,263 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $104.49, for a total transaction of $863,400.87. Following the completion of the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at approximately $1,364,012.46. This trade represents a 38.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 69,131 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total value of $7,248,385.35. The disclosure for this sale can be found here. In the last three months, insiders sold 125,016 shares of company stock valued at $13,666,427. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on IRM shares. Wells Fargo & Company upped their price target on Iron Mountain from $120.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Stifel Nicolaus increased their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Royal Bank of Canada upped their price target on Iron Mountain from $135.00 to $139.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. BNP Paribas upgraded shares of Iron Mountain to a "strong-buy" rating in a research report on Wednesday, November 6th. Finally, Barclays reduced their price objective on shares of Iron Mountain from $133.00 to $131.00 and set an "overweight" rating on the stock in a research note on Monday, November 18th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $131.00.

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.