Pensionfund DSM Netherlands raised its position in Iron Mountain Incorporated (NYSE:IRM – Get Rating) by 4.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 57,500 shares of the financial services provider’s stock after acquiring an additional 2,500 shares during the period. Iron Mountain comprises 2.1% of Pensionfund DSM Netherlands’ portfolio, making the stock its 12th biggest position. Pensionfund DSM Netherlands’ holdings in Iron Mountain were worth $3,042,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IRM. Compass Wealth Management LLC bought a new stake in shares of Iron Mountain during the 4th quarter worth approximately $26,000. Prostatis Group LLC bought a new stake in shares of Iron Mountain during the 4th quarter worth approximately $28,000. True Wealth Design LLC bought a new stake in shares of Iron Mountain during the 4th quarter worth approximately $33,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Iron Mountain by 440.1% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 767 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 625 shares in the last quarter. Finally, Point72 Middle East FZE bought a new stake in shares of Iron Mountain during the 4th quarter worth approximately $46,000. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IRM. Barclays upped their price objective on Iron Mountain from $56.00 to $64.00 in a research note on Friday, May 5th. StockNews.com raised Iron Mountain from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $58.00 target price on shares of Iron Mountain in a report on Monday, March 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 3,356 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $55.00, for a total value of $184,580.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Iron Mountain news, CAO Daniel Borges sold 3,356 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $55.00, for a total value of $184,580.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO John Tomovcsik sold 57,872 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $55.96, for a total value of $3,238,517.12. Following the completion of the transaction, the chief operating officer now directly owns 50,455 shares in the company, valued at $2,823,461.80. The disclosure for this sale can be found here. Insiders have sold a total of 114,178 shares of company stock valued at $6,330,175 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Iron Mountain Stock Up 0.1 %

IRM stock opened at $57.19 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 19.91. The firm has a market capitalization of $16.68 billion, a PE ratio of 28.87, a PEG ratio of 3.77 and a beta of 0.91. Iron Mountain Incorporated has a 1-year low of $43.33 and a 1-year high of $57.21. The business’s 50 day simple moving average is $54.70 and its 200 day simple moving average is $53.24.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th will be issued a $0.6185 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Wednesday, June 14th. Iron Mountain’s dividend payout ratio is 124.75%.

Iron Mountain Profile

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Iron Mountain, Inc engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business.

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