Iron Mountain Incorporated (NYSE:IRM) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in Iron Mountain Incorporated (NYSE:IRM) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,928,630 shares of the financial services provider’s stock after selling 83,630 shares during the period. Wellington Management Group LLP owned 1.00% of Iron Mountain worth $204,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC grew its stake in Iron Mountain by 1.7% in the 4th quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock valued at $612,000 after acquiring an additional 156 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Iron Mountain by 17.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,171 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 171 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Iron Mountain by 4.0% in the 4th quarter. Federated Hermes Inc. now owns 4,599 shares of the financial services provider’s stock valued at $322,000 after purchasing an additional 179 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in Iron Mountain by 48.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 618 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. Finally, Bank of New Hampshire lifted its holdings in Iron Mountain by 38.3% in the 4th quarter. Bank of New Hampshire now owns 795 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 220 shares in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Iron Mountain

In related news, CAO Daniel Borges sold 3,095 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $86.83, for a total value of $268,738.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Daniel Borges sold 3,095 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $86.83, for a total value of $268,738.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Walter C. Rakowich sold 954 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $81.33, for a total transaction of $77,588.82. Following the completion of the transaction, the director now owns 35,166 shares in the company, valued at approximately $2,860,050.78. The disclosure for this sale can be found here. Insiders have sold a total of 63,227 shares of company stock worth $5,125,392 in the last three months. Company insiders own 2.10% of the company’s stock.

Iron Mountain Trading Up 0.6 %

Shares of IRM stock opened at $88.83 on Wednesday. The firm has a market cap of $26.04 billion, a P/E ratio of 134.84, a PEG ratio of 5.27 and a beta of 0.95. Iron Mountain Incorporated has a 1-year low of $53.74 and a 1-year high of $89.91. The company has a debt-to-equity ratio of 674.63, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50-day simple moving average is $79.88 and its 200-day simple moving average is $74.60.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.60 annualized dividend and a dividend yield of 2.93%. Iron Mountain’s payout ratio is currently 393.95%.

Analyst Upgrades and Downgrades

IRM has been the topic of a number of recent research reports. TheStreet lowered shares of Iron Mountain from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Barclays upped their target price on shares of Iron Mountain from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Finally, Wells Fargo & Company upped their target price on shares of Iron Mountain from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

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.