Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 881,810 shares of the financial services provider’s stock after buying an additional 7,688 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.33% of Iron Mountain worth $34,302,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IRM. BlackRock Inc. boosted its position in shares of Iron Mountain by 5.0% during the second quarter. BlackRock Inc. now owns 18,924,442 shares of the financial services provider’s stock valued at $650,244,000 after buying an additional 896,751 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Iron Mountain by 25.2% in the third quarter. Bank of New York Mellon Corp now owns 3,579,236 shares of the financial services provider’s stock valued at $139,231,000 after purchasing an additional 720,270 shares during the period. Pictet Asset Management Ltd. boosted its holdings in shares of Iron Mountain by 89.2% in the third quarter. Pictet Asset Management Ltd. now owns 1,462,729 shares of the financial services provider’s stock valued at $56,900,000 after purchasing an additional 689,800 shares during the period. Athos Capital Ltd boosted its holdings in shares of Iron Mountain by 7,231.4% in the third quarter. Athos Capital Ltd now owns 675,958 shares of the financial services provider’s stock valued at $9,112,000 after purchasing an additional 666,738 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Iron Mountain by 32.2% in the second quarter. Janus Henderson Group PLC now owns 1,820,642 shares of the financial services provider’s stock valued at $62,566,000 after purchasing an additional 443,182 shares during the period. Institutional investors and hedge funds own 88.58% of the company’s stock.

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A number of brokerages recently issued reports on IRM. Zacks Investment Research lowered Iron Mountain from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Evercore ISI began coverage on Iron Mountain in a report on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 price target for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 price target on shares of Iron Mountain in a report on Sunday, September 3rd. BidaskClub lowered Iron Mountain from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Robert W. Baird set a $39.00 price target on Iron Mountain and gave the company a “hold” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $41.20.

In related news, CFO Stuart B. Brown sold 1,900 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $40.75, for a total value of $77,425.00. Following the completion of the transaction, the chief financial officer now owns 4,010 shares of the company’s stock, valued at $163,407.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Theodore Maclean sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $40.60, for a total transaction of $60,900.00. Following the completion of the transaction, the vice president now directly owns 8,679 shares of the company’s stock, valued at approximately $352,367.40. The disclosure for this sale can be found here. Insiders sold 50,279 shares of company stock valued at $1,988,666 in the last three months. 1.50% of the stock is currently owned by insiders.

Iron Mountain Incorporated (NYSE IRM) opened at $41.14 on Thursday. The company has a market cap of $11,037.85, a P/E ratio of 19.88, a P/E/G ratio of 6.45 and a beta of 1.02. Iron Mountain Incorporated has a 12 month low of $31.39 and a 12 month high of $41.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.59.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $966.00 million during the quarter, compared to the consensus estimate of $960.99 million. Iron Mountain had a net margin of 5.54% and a return on equity of 15.49%. Iron Mountain’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. analysts forecast that Iron Mountain Incorporated will post 2.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.5875 dividend. This is an increase from Iron Mountain’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, December 14th. This represents a $2.35 dividend on an annualized basis and a yield of 5.71%. Iron Mountain’s payout ratio is 275.00%.

Iron Mountain Company Profile

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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