Worldquant Millennium Advisors LLC Purchases 189,380 Shares of Iron Mountain Incorporated (NYSE:IRM)

Worldquant Millennium Advisors LLC lifted its position in Iron Mountain Incorporated (NYSE:IRM) by 4,336.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 193,747 shares of the financial services provider’s stock after acquiring an additional 189,380 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Iron Mountain were worth $23,023,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Iron Mountain by 26.3% in the second quarter. CWM LLC now owns 7,645 shares of the financial services provider’s stock worth $685,000 after purchasing an additional 1,593 shares during the last quarter. Czech National Bank lifted its position in shares of Iron Mountain by 8.7% in the second quarter. Czech National Bank now owns 55,859 shares of the financial services provider’s stock worth $5,006,000 after buying an additional 4,483 shares in the last quarter. Nepsis Inc. grew its holdings in shares of Iron Mountain by 2.2% in the second quarter. Nepsis Inc. now owns 70,251 shares of the financial services provider’s stock valued at $6,296,000 after purchasing an additional 1,516 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Iron Mountain by 12.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,935 shares of the financial services provider’s stock worth $711,000 after buying an additional 862 shares during the last quarter. Finally, Terra Nova Asset Management LLC raised its position in Iron Mountain by 0.4% during the second quarter. Terra Nova Asset Management LLC now owns 32,409 shares of the financial services provider’s stock valued at $2,905,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Up 1.5 %

Shares of Iron Mountain stock opened at $120.14 on Friday. The firm has a fifty day moving average of $120.76 and a two-hundred day moving average of $107.16. Iron Mountain Incorporated has a one year low of $64.66 and a one year high of $130.24. The company has a market cap of $35.26 billion, a P/E ratio of 333.73, a PEG ratio of 7.12 and a beta of 0.98. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.75 and a current ratio of 0.75.

Iron Mountain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Monday, December 16th. Iron Mountain’s dividend payout ratio is currently 794.47%.

Insider Activity

In other Iron Mountain news, 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 sale, the director now owns 14,829 shares in the company, valued at $1,725,799.02. The trade was a 36.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $118.97, for a total transaction of $1,888,648.75. Following the completion of the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $35,173,480.50. The trade was a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,125 shares of company stock worth $6,613,584 over the last three months. 2.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

IRM has been the topic of several research analyst reports. Stifel Nicolaus upped their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Wells Fargo & Company upped their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Royal Bank of Canada raised their target price on shares of Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Barclays lowered their target price 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. Finally, BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Six equities research 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 stock has an average rating of “Buy” and a consensus price target of $131.00.

Iron Mountain Company 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.