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

Terra Nova Asset Management LLC increased its position in shares of Iron Mountain Incorporated (NYSE:IRM) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 32,890 shares of the financial services provider’s stock after acquiring an additional 206 shares during the quarter. Iron Mountain accounts for 2.6% of Terra Nova Asset Management LLC’s portfolio, making the stock its 9th biggest position. Terra Nova Asset Management LLC’s holdings in Iron Mountain were worth $3,457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IRM. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Iron Mountain by 2.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,241 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 117 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Iron Mountain by 14.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,998 shares of the financial services provider’s stock worth $1,703,000 after purchasing an additional 2,393 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Iron Mountain by 3.3% during the second quarter. King Luther Capital Management Corp now owns 17,515 shares of the financial services provider’s stock worth $1,570,000 after purchasing an additional 567 shares during the period. AE Wealth Management LLC lifted its holdings in shares of Iron Mountain by 58.0% during the second quarter. AE Wealth Management LLC now owns 18,006 shares of the financial services provider’s stock worth $1,614,000 after purchasing an additional 6,611 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Iron Mountain by 9.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 59,895 shares of the financial services provider’s stock worth $5,368,000 after purchasing an additional 5,056 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Stock Performance

Shares of IRM opened at $109.19 on Monday. Iron Mountain Incorporated has a one year low of $65.01 and a one year high of $130.24. The stock has a market capitalization of $32.04 billion, a price-to-earnings ratio of 303.31, a PEG ratio of 5.56 and a beta of 1.02. The stock has a 50 day moving average price of $111.35 and a 200 day moving average price of $111.88.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Monday, December 16th. Iron Mountain’s payout ratio is 794.47%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays decreased their price target on Iron Mountain from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Wells Fargo & Company boosted their price target on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Stifel Nicolaus boosted their price target on Iron Mountain from $117.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Royal Bank of Canada upped their target price on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, BNP Paribas raised Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $131.00.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $118.97, for a total value of $1,888,648.75. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $35,173,480.50. This represents a 5.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William L. Meaney sold 15,872 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $112.99, for a total value of $1,793,377.28. The disclosure for this sale can be found here. Insiders sold a total of 125,016 shares of company stock worth $13,666,427 in the last three months. 2.10% of the stock is owned by corporate insiders.

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.