Wilmington Savings Fund Society FSB Purchases New Shares in Iron Mountain Incorporated (NYSE:IRM)

Wilmington Savings Fund Society FSB 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 7,047 shares of the financial services provider's stock, valued at approximately $837,000.

Several other large investors also recently bought and sold shares of IRM. Ashton Thomas Securities LLC bought a new stake in shares of Iron Mountain in the third quarter worth $31,000. West Branch Capital LLC bought a new stake in shares of Iron Mountain during the 3rd quarter valued at about $33,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Iron Mountain during the 3rd quarter valued at about $36,000. Dunhill Financial LLC increased its position in shares of Iron Mountain by 50.5% during the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 152 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Iron Mountain by 86.5% in the third quarter. Quarry LP now owns 496 shares of the financial services provider's stock worth $59,000 after buying an additional 230 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Iron Mountain Price Performance

Shares of NYSE IRM traded up $0.17 during mid-day trading on Monday, reaching $111.36. The company's stock had a trading volume of 1,316,393 shares, compared to its average volume of 1,588,098. The stock has a fifty day moving average of $120.18 and a two-hundred day moving average of $108.69. The firm has a market capitalization of $32.68 billion, a PE ratio of 310.83, a P/E/G ratio of 6.77 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 company has a debt-to-equity ratio of 674.63, a current ratio of 0.75 and a quick ratio of 0.75.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Monday, December 16th. Iron Mountain's dividend payout ratio (DPR) is currently 794.44%.

Insider Activity

In other news, Director Wendy J. Murdock sold 8,500 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total transaction of $989,230.00. Following the completion of the transaction, the director now owns 14,829 shares in the company, valued at $1,725,799.02. This trade represents a 36.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $117.36, for a total value of $1,863,090.00. Following the completion of the sale, the chief executive officer now owns 295,650 shares in the company, valued at $34,697,484. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,997 shares of company stock worth $8,406,961 over the last quarter. 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.