Iron Mountain Incorporated (NYSE:IRM) Stake Lifted by Savant Capital LLC

Savant Capital LLC increased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,730 shares of the financial services provider’s stock after buying an additional 394 shares during the quarter. Savant Capital LLC’s holdings in Iron Mountain were worth $1,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. TFG Advisers LLC raised its holdings in shares of Iron Mountain by 2.0% in the 4th quarter. TFG Advisers LLC now owns 24,754 shares of the financial services provider’s stock worth $2,602,000 after purchasing an additional 491 shares in the last quarter. Triasima Portfolio Management inc. bought a new position in shares of Iron Mountain in the fourth quarter valued at $3,000,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Iron Mountain by 9.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 92,570 shares of the financial services provider’s stock valued at $9,730,000 after acquiring an additional 7,916 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Iron Mountain by 1.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 910,723 shares of the financial services provider’s stock worth $95,726,000 after acquiring an additional 10,160 shares in the last quarter. Finally, RNC Capital Management LLC acquired a new position in shares of Iron Mountain in the 4th quarter worth $841,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Trading Up 0.1 %

NYSE IRM opened at $95.34 on Friday. The company has a market capitalization of $27.98 billion, a PE ratio of 264.85, a price-to-earnings-growth ratio of 5.84 and a beta of 1.01. Iron Mountain Incorporated has a 1-year low of $67.09 and a 1-year high of $130.24. The firm’s fifty day simple moving average is $105.45 and its 200-day simple moving average is $112.70.

Iron Mountain Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.785 per share. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Iron Mountain’s previous quarterly dividend of $0.72. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.29%. Iron Mountain’s dividend payout ratio (DPR) is 794.47%.

Insider Activity

In other Iron Mountain news, EVP Mithu Bhargava sold 8,263 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $104.49, for a total value of $863,400.87. Following the completion of the sale, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at $1,364,012.46. The trade was a 38.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William L. Meaney sold 69,131 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total transaction of $7,248,385.35. The disclosure for this sale can be found here. Insiders sold a total of 162,391 shares of company stock worth $16,805,912 in the last three months. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on IRM. Royal Bank of Canada lifted their price target on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Wells Fargo & Company cut their price target on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Barclays lowered their price objective on shares of Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. Finally, StockNews.com downgraded Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and an average price target of $129.17.

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.