Iron Mountain (NYSE:IRM) Now Covered by Analysts at UBS Group

UBS Group began coverage on shares of Iron Mountain (NYSE:IRM) in a research note released on Tuesday, Marketbeat.com reports. The firm issued a sell rating and a $44.00 price target on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on IRM. Royal Bank of Canada upgraded Iron Mountain from a sector perform rating to an outperform rating and lifted their target price for the stock from $58.00 to $68.00 in a report on Monday, August 21st. StockNews.com initiated coverage on Iron Mountain in a report on Thursday, October 5th. They issued a hold rating on the stock. Finally, Barclays lifted their target price on Iron Mountain from $64.00 to $69.00 and gave the stock an overweight rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $61.40.

Iron Mountain Stock Down 1.8 %

Shares of IRM stock opened at $59.18 on Tuesday. Iron Mountain has a 1 year low of $48.92 and a 1 year high of $64.48. The stock has a market cap of $17.27 billion, a PE ratio of 45.52, a price-to-earnings-growth ratio of 3.90 and a beta of 0.90. The business’s fifty day moving average is $60.80 and its 200-day moving average is $58.70. The company has a debt-to-equity ratio of 43.97, a quick ratio of 0.81 and a current ratio of 0.81.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be given a $0.65 dividend. The ex-dividend date is Thursday, December 14th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.39%. Iron Mountain’s dividend payout ratio is currently 200.00%.

Insiders Place Their Bets

In related news, EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $57.68, for a total transaction of $115,360.00. Following the completion of the transaction, the executive vice president now owns 56,026 shares of the company’s stock, valued at approximately $3,231,579.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO John Tomovcsik sold 41,859 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $62.97, for a total transaction of $2,635,861.23. Following the completion of the transaction, the chief operating officer now owns 20,455 shares of the company’s stock, valued at approximately $1,288,051.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah Marson sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $57.68, for a total value of $115,360.00. Following the transaction, the executive vice president now owns 56,026 shares in the company, valued at $3,231,579.68. The disclosure for this sale can be found here. Insiders sold 77,380 shares of company stock valued at $4,731,370 over the last quarter. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Iron Mountain

Several institutional investors and hedge funds have recently added to or reduced their stakes in IRM. TrinityPoint Wealth LLC increased its position in shares of Iron Mountain by 4.0% in the 2nd quarter. TrinityPoint Wealth LLC now owns 4,354 shares of the financial services provider’s stock valued at $247,000 after buying an additional 168 shares in the last quarter. Bank of New Hampshire increased its position in shares of Iron Mountain by 43.8% in the 2nd quarter. Bank of New Hampshire now owns 575 shares of the financial services provider’s stock valued at $33,000 after buying an additional 175 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Iron Mountain by 2.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,429 shares of the financial services provider’s stock valued at $382,000 after buying an additional 177 shares in the last quarter. Armor Investment Advisors LLC increased its position in shares of Iron Mountain by 1.9% in the 2nd quarter. Armor Investment Advisors LLC now owns 9,996 shares of the financial services provider’s stock valued at $568,000 after buying an additional 186 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Iron Mountain by 4.0% in the 1st quarter. Brown Brothers Harriman & Co. now owns 4,820 shares of the financial services provider’s stock valued at $255,000 after buying an additional 187 shares in the last quarter. 76.94% of the stock is currently owned by institutional investors.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER to transform their businesses.