Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 38.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,489 shares of the financial services provider's stock after selling 28,926 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Iron Mountain were worth $5,524,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IRM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Iron Mountain in the 2nd quarter valued at about $32,000. West Branch Capital LLC acquired a new stake in Iron Mountain during the third quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Iron Mountain during the 2nd quarter worth approximately $36,000. Headlands Technologies LLC purchased a new position in shares of Iron Mountain in the 1st quarter valued at $38,000. Finally, Family Firm Inc. purchased a new stake in Iron Mountain in the second quarter valued at $45,000. Institutional investors and hedge funds own 80.13% of the company's stock.

Insider Buying and Selling

In related news, CEO William L. Meaney sold 15,875 shares of the firm'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 value of $1,863,090.00. Following the sale, the chief executive officer now directly owns 295,650 shares of the company's stock, valued at approximately $34,697,484. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO John Tomovcsik sold 1,000 shares of Iron Mountain stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $110.00, for a total transaction of $110,000.00. Following the sale, the chief operating officer now owns 14,000 shares in the company, valued at $1,540,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction 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 sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $34,697,484. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,637 shares of company stock worth $3,210,575. 2.10% of the stock is owned by company insiders.

Iron Mountain Price Performance

IRM stock traded up $2.79 during trading on Friday, reaching $119.71. 1,260,903 shares of the company were exchanged, compared to its average volume of 1,493,211. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.79 and a current ratio of 0.75. The stock's 50 day moving average price is $119.20 and its 200 day moving average price is $101.58. Iron Mountain Incorporated has a 52-week low of $58.55 and a 52-week high of $130.24. The company has a market cap of $35.12 billion, a P/E ratio of 332.54, a PEG ratio of 6.86 and a beta of 0.99.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Monday, December 16th. Iron Mountain's dividend payout ratio is currently 794.47%.

Analyst Ratings Changes

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

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.