Iron Mountain Incorporated (NYSE:IRM) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 3.1% during the fourth quarter, Holdings Channel reports. The firm owned 7,019 shares of the financial services provider’s stock after acquiring an additional 214 shares during the quarter. V Square Quantitative Management LLC’s holdings in Iron Mountain were worth $738,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in IRM. Palacios Wealth Management LLC purchased a new position in shares of Iron Mountain during the fourth quarter worth about $373,000. Vontobel Holding Ltd. boosted its holdings in Iron Mountain by 3.7% in the 4th quarter. Vontobel Holding Ltd. now owns 4,668 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 168 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Iron Mountain by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 55,571 shares of the financial services provider’s stock valued at $5,841,000 after purchasing an additional 5,150 shares in the last quarter. Kentucky Trust Co purchased a new stake in shares of Iron Mountain during the 4th quarter worth approximately $2,259,000. Finally, Axecap Investments LLC boosted its stake in shares of Iron Mountain by 6.0% during the 4th quarter. Axecap Investments LLC now owns 9,149 shares of the financial services provider’s stock worth $962,000 after acquiring an additional 515 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Performance

Shares of 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. The stock has a fifty day moving average of $105.45 and a two-hundred day moving average of $112.70. Iron Mountain Incorporated has a fifty-two week low of $67.09 and a fifty-two week high of $130.24.

Iron Mountain Increases Dividend

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

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 69,131 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total transaction of $7,248,385.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mithu Bhargava sold 8,263 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the sale, the executive vice president now owns 13,054 shares of the company’s stock, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their ownership of the stock. 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 ninety days. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

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

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.