Iron Mountain Incorporated (NYSE:IRM) Shares Purchased by Eventide Asset Management LLC

Eventide Asset Management LLC raised its holdings in Iron Mountain Incorporated (NYSE:IRM) by 14.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 343,836 shares of the financial services provider’s stock after purchasing an additional 43,923 shares during the quarter. Eventide Asset Management LLC owned about 0.12% of Iron Mountain worth $40,858,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of IRM. Price T Rowe Associates Inc. MD increased its stake in Iron Mountain by 22.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 592,773 shares of the financial services provider’s stock valued at $47,547,000 after purchasing an additional 110,551 shares during the period. Tidal Investments LLC increased its stake in Iron Mountain by 284.1% in the first quarter. Tidal Investments LLC now owns 18,416 shares of the financial services provider’s stock valued at $1,477,000 after purchasing an additional 13,621 shares during the period. Swedbank AB acquired a new position in Iron Mountain in the first quarter valued at $19,445,000. Atria Investments Inc acquired a new position in Iron Mountain in the first quarter valued at $1,873,000. Finally, PGGM Investments increased its stake in Iron Mountain by 40.7% in the first quarter. PGGM Investments now owns 22,369 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 6,475 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Iron Mountain news, Director Wendy J. Murdock sold 8,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $116.38, for a total value of $989,230.00. Following the sale, the director now owns 14,829 shares of the company’s stock, valued at $1,725,799.02. This represents a 36.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $34,697,484. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,125 shares of company stock valued at $6,613,584. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on IRM. JPMorgan Chase & Co. lifted 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. Stifel Nicolaus boosted their price target on shares of 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 upgraded shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company boosted their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Barclays dropped their price target 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, Iron Mountain currently has a consensus rating of “Buy” and an average target price of $131.00.

Iron Mountain Stock Up 0.5 %

IRM stock opened at $124.24 on Friday. The company has a market cap of $36.46 billion, a P/E ratio of 345.12, a P/E/G ratio of 7.47 and a beta of 0.99. Iron Mountain Incorporated has a 52 week low of $62.95 and a 52 week high of $130.24. The company’s 50-day moving average price is $120.22 and its 200 day moving average price is $105.40. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors 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 2.30%. The ex-dividend date is Monday, December 16th. Iron Mountain’s dividend payout ratio is currently 794.47%.

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.